Abstract
Tourism became one of the leading world industries thus provoking an interest among all countries, regardless the level of their economic development. Moreover, by increasing the number of incoming tourists, each country attempts to contribute to strengthening its economic growth. The paper addresses the economic impacts of tourism in Macedonia and makes an effort to assess its contribution to economic development. For that purpose, some commonly applied economic parameters are employed. The data set is observed in two sub-periods: 1991-2000 as a period just after the independence of Macedonia and 2001-2010 as a period extensive enough to observe the first tourism outcomes. The research generally is covered by comparative analyses based on available sources of secondary data. The outcomes point to modest contribution of tourism towards economic development, and underscores the necessity for managing actions and measures for enhancing current status.
Highlights
The main objective of this research is to point out the necessity for continuous analysis of tourism economic impacts as an important consideration to all tourism key-actors responsible for creating management strategies
Foreign direct investments and foreign trade. In this part we address the issue of foreign direct investments (FDI) and the foreign trade in Macedonia during the past 20 years
This study emphasized that tourism contribution within the economic development in Macedonia is important principally when compared to the average figures of tourism trends in the Central and Eastern Europe (CEE)
Summary
Tourism industry is being defined as one of the most promising industries that mainly contribute to economic growth. Studies vary extensively in quality and accuracy, but mostly address economic impact analysis (Crompton, 1993; Lundberg et al, 1995; Huyberg, 2007; Babu et al, 2008; Ramos and Jimѐnez, 2008; Stabler et al, 2010). The human developement or the increasement of human quality of life is the main goal of the economic development (Hayami and Godo, 2005; Kanbur, 2003) In this respect, the achieved ecomomic and human developement may be measured and presented by various indicators (Cypher and Dietz, 2009; Grabowski et al, 2007; Soubbotina, 2004; Todaro and Smith, 2009):. (3) Social indicators: nutritition, health, degree of education, social sequrity, working conditions, housing, employment etc
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