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The Impact of New Global Economic Crisis on the Social Function of Spas and Climatic Resorts in Serbia

Author

Listed:
  • Garača Vuk

    (University of Novi Sad, Faculty of Sciences, Department of Geography, Tourism and Hotel Management, Novi Sad, Republic of Serbia)

  • Vukosav Svetlana

    (University of Novi Sad, Faculty of Sciences, Department of Geography, Tourism and Hotel Management, Novi Sad, Republic of Serbia)

  • Stamenković Igor

    (University of Novi Sad, Faculty of Sciences, Department of Geography, Tourism and Hotel Management, Novi Sad, Republic of Serbia)

  • Košić Kristina

    (University of Novi Sad, Faculty of Sciences, Department of Geography, Tourism and Hotel Management, Novi Sad, Republic of Serbia)

  • Bradić Milan

    (University of Novi Sad, Faculty of Sciences, Department of Geography, Tourism and Hotel Management, Novi Sad, Republic of Serbia)

Abstract

Noneconomic activities involve social work and social protection that besides health care take special care of individuals as members of the society. Rehabilitation and recreation funded by the Pension and Disability Fund and the Republic Fund for Health Insurance fall within such activities. The funds are financed mainly from the budget of the Republic of Serbia, reflecting the impact of global economic crisis, thus the allotted funds for rehabilitation and recreation are affected in the same way. The question arises about the size and form of such impact on the system resembling communicating vessels and also its reflection on the social function of spa/climatic resorts, and spa tourism indirectly on the territory of the Republic of Serbia. Statistical method of correlation was applied to data on annual series for the period 2008-2012, which covered the time prior, during and after the global economic crisis.

Suggested Citation

  • Garača Vuk & Vukosav Svetlana & Stamenković Igor & Košić Kristina & Bradić Milan, 2020. "The Impact of New Global Economic Crisis on the Social Function of Spas and Climatic Resorts in Serbia," Economic Themes, Sciendo, vol. 58(2), pages 255-273, June.
    • Handle: RePEc:vrs:ecothe:v:58:y:2020:i:2:p:255-273:n:7
    DOI: 10.2478/ethemes-2020-0015
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    References listed on IDEAS

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    3. Will Bartlett, 2009. "Economic Development In The European Super-Periphery: Evidence From The Western Balkans," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 54(181), pages 21-44, April – J.
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    More about this item

    Keywords

    global economic crisis; social function; climatic resorts; spa tourism; Serbia;
    All these keywords.

    JEL classification:

    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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