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

Garača Vuk (), Vukosav Svetlana (), Stamenković Igor (), Košić Kristina () and Bradić Milan ()
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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

Economic Themes, 2020, vol. 58, issue 2, 255-273

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.

Keywords: global economic crisis; social function; climatic resorts; spa tourism; Serbia (search for similar items in EconPapers)
JEL-codes: Z32 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecothe:v:58:y:2020:i:2:p:255-273:n:7

DOI: 10.2478/ethemes-2020-0015

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