NEW ECONOMY AND IMPACTO OF TOURISM ON GDP OF REPUBLIC OF

SRPSKA
Jovica Jovic, Dragoslav Jovic, Daliborka Stupar
ABSTRACT:
Tourism in Republic of Srpska is on the very beggining comparing to other more
advanced countries. Improvment based on the knowledge caused the emergence of the new
economy as a new stage of development of human society. Knowledge becomes a major
capital development of society, and tourism is one of the leading development industries in
developed and developing countries. How important tourism shows the fact that each of its
effect is recorded and assess and each indirect impact at least estimated. However, the impact
of tourism on the gross domestic product of the Republic of Srpska is very difficult to report.
Difficulties arise due to statistical impossibility to fully record all the effects and very big size
of the gray economy in tourism and in the end the most difficult to measure or estimate the
indirect impacts of tourism on other industries . Based on the available literature and analyzed
relevant data and estimates, the work will be presented of the analysis of tourism's impact on
the gross domestic product of the Republic of Srpska .
KEYWORDS: New Economy, Tourism, Gross Domestic Product, GDP

Bachelor in Economics, graduate student of University of Econimics in Pale parto of University of East
Sarajevo on the program Quantative Economics (Statistics and analyse) jovicajovic@gmail.com

Student of Business Economy of University of East Sarajevo , Business IT

Bachelor in Economixs