Impact of tourism on roundabout of economic process

Vujović, Slavoljub; Ćurčić, Nikola; Miletić, Vuk

doi:10.5937/ekopolj1601323v

Cited by 4 publications

(3 citation statements)

References 3 publications

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“…Despite all of the global crises and other issues, tourism is the only economic sector (or paradigm of economic development) that continues to grow despite all of the economic disruptions at all levels. If a destination, zone or area has high-quality inorganic, organic and anthropogenic components, tourism is unquestionably the activity that promotes economic growth and more productive participation in the international labor market (Vujović et al , 2011, p. 42).…”

Section: Literature Reviewmentioning

confidence: 99%

Asymmetric impact of tourism on the balance of payments in Pakistan: evidence from non-linear ARDL

Rafiq

Aamir

Nadeem

2021

JEAS

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PurposeThe aim of the paper is to determine the asymmetric impact of tourism on the deficit in the balance of payments (BOPs).Design/methodology/approachThe research uses the non-linear autoregressive distributed lag (ARDL) model to investigate the asymmetric impact of tourism on Pakistan's BOPs deficit using quarterly data from 1995 to 2019.FindingsThe finding reveals that due to the positive change in tourism, the BOPs deficit decreases by 27%, although due to the negative change in tourism, the BOPs deficit rises by 2.3%. In addition, the significance of F-statistics (10.609) confirms the existence of co-integration between tourism and the deficit in the BOPs. The Wald test confirms the asymmetric association between tourism and the deficit in the BOPs over the long term.Research limitations/implicationsIn order to improve tourism in Pakistan, policymakers must consider the following implications. First, there is a need for an adequate infrastructure that can help the tourist. Second, the Government must maintain a stable law and order situation as a whole and particularly at tourist destinations. Finally, the Government should develop tourism-friendly policies in order to boost tourism in Pakistan.Originality/valueThe research provides new evidence of the impact of tourism on the BOPs using the novel non-linear ARDL (NARDL) technique. The evidence will help policymakers to develop policies to improve tourism in order to reduce the BOPs deficit.

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Section: Literature Reviewmentioning

confidence: 99%

Asymmetric impact of tourism on the balance of payments in Pakistan: evidence from non-linear ARDL

Rafiq

Aamir

Nadeem

2021

JEAS

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“…Accelerated development of techniques and technologies under the control of large corporations with the help of media houses (Vujović and Miletić, 2016;Nemethy, 2021), with Covid-19 raises the question of further control of new technological breakthroughs. Does anyone control Covid-19 (https://www.epi-win.com/)?…”

Section: Introductionmentioning

confidence: 99%

Trust in local media and information they share during the Covid-19 pandemic: Belgrade example

Vujović¹,

Bjeljac²,

Vujić³

et al. 2022

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The analysis of the relevant literature, especially earlier empirical research of serious pandemics (not including the forces of nature and the processes they create), refers to the assumption that man is (directly or indirectly) guilty of them. Given that the media transmits information related to the intensity of the spread of the pandemic, the death rate of the sick, etc., a survey of citizens' trust in the local media and the information they convey was conducted in order to find out how much the media contribute to the intensity of the spread of the negative effects of the Covid 19 pandemic. Four assumptions were defined as questions to which respondents' answers were requested: frequency of information through different types of media; assessment of the extent to which different types of media offer the possibility of objective information; the existence of free, independent and impartial media in Serbia, and finding the truth in the media. The research is of a quantitative type, conducted on a sample of 600 respondents in the city of Belgrade. For the collection and processing of data used the desk method, using interviews and via electronic questionnaires, in which the questions in the first part related to the socio-demographic variables of the respondents, while in the second part the group of dependent variables was operationalized through the statements, which were evaluated on a Likert scale. More sub-questions are offered within the four main questions. Descriptive statistical analysis (percentages, arithmetic mean), T-test, One-factor analysis of variance, Standard deviation, Multiple regression analysis and Pearson's correlation coefficient were used for data analysis. The level of statistical significance was set at p<0.05, and all obtained data were processed in the SPSS program, version 23.

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“…Events are crucial in promoting the destination and attracting visitors who will spend their money in the destination (Getz & Page, 2016) and contribute to the huge profits of the destination (Giampiccoli et al, 2015). Event tourism plays an important role in the modern economy and can have a significant impact, where sustainability-oriented tourism has become an important component of tourism destination development and planning (Golob et al, 2015;Vujović, Ćurčić, & Miletić, 2016;Cvijanović, Simić & Vukotić, 2018).…”

Section: Introductionmentioning

confidence: 99%

The impact of complementary medicine on sustainable tourism development through event and nature-based tourism

Krstić

Đurađević

Trišić

2020

Ekonomika poljoprivrede

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The subject of this research is to look at the attitudes of spa tourists towards complementary medicine and the possibilities of its application within spa services. The aim of the research is to identify certain scientific results that can contribute to the creation of an adequate tourism product. In the research, a prospective study is used and it was done by applying a standardized questionnaire. Testing the correlation of the answers given was examined and shown by the Analysis The Pearson Correlation method. The obtained results confirmed the hypotheses: complementary medicine is a significant component of the sustainable development of health tourism in spa destinations in Serbia, and that the organization of an adequate complementary medicine tourism event can increase tourists' motivation for visits and their significant relation to nature-based tourism, which would significantly affect on sustainable tourism development of spa tourism. The intensification of the growth of awareness among the respondents about the importance of complementary medicine in tourism planning and development is evident, and by providing socio-cultural, economic and environmental benefits, the basic postulates of sustainable tourism development are directly fulfilled.

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Impact of tourism on roundabout of economic process

Cited by 4 publications

References 3 publications

Asymmetric impact of tourism on the balance of payments in Pakistan: evidence from non-linear ARDL

Asymmetric impact of tourism on the balance of payments in Pakistan: evidence from non-linear ARDL

Trust in local media and information they share during the Covid-19 pandemic: Belgrade example

The impact of complementary medicine on sustainable tourism development through event and nature-based tourism

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