ECONOMIC IMPACTS OF TOURISM: THE EVIDENCE OF MACEDONIA

Due to variety of positive impacts, each country is interested in developing tourism. This paper disentangles the economic impacts of tourism industry in Macedonia and makes an attempt to assess the contribution to the economic development. So, some commonly applied economic parameters are addressed. Moreover, different types of analysis are performed, based on available sources of secondary data supplemented by descriptive statistics. The data set spreads overa twenty year horizon, covering the period from 1991 to 2010. Finally, the research underscores the necessity for continuous analysis of tourism economic impacts as an important consideration for creating sustainable development strategy.