THE IMPACT OF TOURISM ON ECONOMIC GROWTH AND DEVELOPMENT: THE CASE OF THE CITY OF VALJEVO
Tourism development is considered to be the productivity factor of the economy of a city, region or a state, and the effects of tourism on economic development and social life are numerous and powerful. Since the City of Valjevo has appropriate tourism resources and is one of the regional centers in the network of municipalities and cities of the Republic of Serbia, it recognizes tourism as a possible solution for optimal, long-term development. Therefore, the subject of this research relates to the assessment of the significance of tourism industry for the overall development of the City of Valjevo, as well as the perception of basic parameters of this activity by using the Defert-Barretje index. The aim of the research is to analyze direct and indirect effects of tourism on the economy of the City of Valjevo, pointing out the particularities of this branch of economy and determining the direction of the development of the City of Valjevo regarding the role of tourism.
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