MULTIPLIER EFFECTS OF TOURISM IN RECESSION

Abstract

All relevant sources indicate high resistance of tourism as an economic sector, even during the global financial crisis, which is also reflected in the BiH economy. Institute of Economics of School of Economics in Sarajevo has published a number of research projects on this topic, Institute of Economics, University of Banja Luka made the Tourism Development Strategy of the Republic of Srpska, BiH municipalities sites are flooded with local strategies, the big cake (at least as far as the development of projects in the Balkans) is held by the New York Horvat. And electronic and print media in recent days, as in all previous election periods, have shown continually "our" smiling political candidates talking on BiH tourism industry (and agriculture) as well as development opportunities of almost every local community). Unfortunately, most of these studies, projects and promises has no practical use. One example, where "some concrete work and building is done" is Andrićgrad, a project of the Government of the Republic of Srpska, the municipality of Višegrad and our famous film director Emir Kusturica. That iss why we have chosen this example for an economic analysis that could be of practical use to other stakeholders.