8th International Thematic Monograph – Modern Management Tools and Economy of Tourism Sector in Present Era

Do Tourism Indicators Have an Influence on Unemployment? Case of Selected Balkan Countries

Nataša Pavlović –   Tourism Organization of Vojvodina, Bulevar Mihajla Pupina 18, 21000, Novi Sad, Serbia
Vera Mirović –   Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000, Subotica, Serbia
Branimir Kalaš –   Faculty of Economics in Subotica, University of Novi Sad, Segedinski put 9-11, 24000, Subotica, Serbia

​​DOI:    https://doi.org/10.31410/tmt.2023-2024.47  
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8th International Thematic Monograph –   Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2023/2024,   Published by:  Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, North Macedonia;   ISSN 2683-5673,  ISBN  978-86-80194-81-3 ;  Editors:  Vuk Bevanda, associate professor, Faculty of Social Sciences, Belgrade, Serbia;   Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia,   Printed by:  SKRIPTA International, Belgrade  
Abstract:   Tourism represents one of the most rapidly growing sectors in the world. This study aims to identify the effect of tourism indicators on the unem­ployment rate. The subject of the study implies evaluating the effect of inter­national tourism revenues and international tourism arrivals on unemploy­ment in selected Balkan countries (Albania, Bosnia and Herzegovina, Bulgar­ia, Croatia, Hungary, Montenegro, North Macedonia, Romania, Serbia and Slovenia) for the period 2007-2020. The empirical findings confirmed that giv­en tourism indicators negatively influence unemployment on the panel level. It means that a higher level of international tourism revenues and a greater number of international tourism arrivals decrease unemployment rates. The obtained results indicate that these economies should pay more attention to the share of the tourism sector in their economic structure to enable lucrative effects on their economic prosperities.​

Keywords:   Tourism; Unemployment; Effects; Different panel techniques; Balkan countries

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