Investigation Of The Impact Of The Global Economic Crisis On The Tourism Sector And Competitiveness Of European Countries Cover Image

Ispitivanje uticaja globalne ekonomske krize na sektor turizma i konkurentsku poziciju evropskih zemalja
Investigation Of The Impact Of The Global Economic Crisis On The Tourism Sector And Competitiveness Of European Countries

Author(s): Bojan Krstić, Vesna Janković Milić, Sonja Jovanović
Subject(s): Economy
Published by: Универзитет у Нишу
Keywords: global economic crisis; tourism; competitiveness; Europe

Summary/Abstract: The purpose of this study is to analyze the impact of the global economic crisis on the tourism sector and competitive position ofEuropean countries with the help of the gross domestic product (GDP), the Travel & Tourism Competitiveness Index (TTCI), and the Global Competitiveness Index (GCI) and to explore the correlation between these indicators. The aim of this paper is to monitor changes in GDP, GCI, and TTCI, which occurred as a result of the global economic crisis in 2008, based on selected groups of European countries. The classification of the countries is carried out according to the level of their development. The research is conducted on the basis of secondary sources and classical statistical tools with an emphasis on descriptive statistics and correlation analysis. The obtained results indicate that the effects of the global economic crisis are more prominent in the group of developed countries than in the group of developing countries. The study provides a framework for determining the goals and strategies to improve competitiveness of tourism and the competitive position of European countries.

  • Issue Year: 2014
  • Issue No: 03
  • Page Range: 1133-1153
  • Page Count: 21
  • Language: English