IMPACT OF TOURISM ON MACROECONOMIC STABILITY AND ECONOMIC DEVELOPMENT OF THE REPUBLIC OF SERBIA

Nemanja Pantić

Nemanja Pantić Faculty of Hotel Management and Tourism in Vrnjačka Banja – University of Kragujevac, Vrnjačka Banja

Keywords: tourism, economic growth, economic development, macroeconomic stability

Abstract

Nowadays, tourism can be considered a global economic phenomenon, as well as industry sector that contributes to economic growth and development of the world economy. Through its economic function it affects nearly all branches of the national economy and thus creates multipliers of GDP growth, employment and investments, enables the acceleration of local, regional and overall economic growth and development. All this information indicates that tourism has an explicit impact on macroeconomic aggregates and increases macroeconomic stability of each country and at the same time allows the development of the country and the increase in employment in underdeveloped areas and attractive tourist destinations.

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