Subject: Other engineering and technologies
Year: 2010
Type: Article
Type: PeerReviewed
Title: Влијанието на економската и финансиската криза врз туризмот
Author: Angelkova, Tanja
Author: Josheski, Dushko
Author: Dimitrov, Nikola
Abstract: The aim of this paper is to examine current macroeconomic thought about economic and financial crisis. Since 1960’s two schools of thought are pre-dominant in macroeconomics Keynesian and neo-classical. Many authors from neo-classical economists such as Robert Lucas (1976), gave a critique to macroeconomic policy and characterize the existing macroeconomic models that relied upon historical aggregate data to design macroeconomic policy as useless. They couldn’t help to design a macroeconomic policy. Many authors point out on crisis as all bad things that could happen to good investors. Asymmetric information’s create agency problems between investors and firms. Asymmetric information’s can distort efficient investment choices (investors may choose less efficient projects). These may also, as a consequence increase monitoring costs, for the investors. This will also reduce net-welfare. Here are given certain indications and accents on the impact of economic and financial crisis on the tourism industry.
Publisher: Faculty of Tourism and Business Logistic
Relation: https://eprints.ugd.edu.mk/1737/
Identifier: oai:eprints.ugd.edu.mk:1737
Identifier: https://eprints.ugd.edu.mk/1737/1/vlijanieto%20na%20ekonoskata%20i%20finansiska%20kriza.pdfIdentifier: Angelkova, Tanja and Josheski, Dushko and Dimitrov, Nikola (2010) Влијанието на економската и финансиската криза врз туризмот. IV Congress of Geographers of the Republic of Macedonia. pp. 1-10.
