CAPITAL AND INVESTMENTS IN COMPANIES IN TOURISM AND HOSPITALITY IN THE REPUBLIC OF MACEDONIA
Abstract
When talking about economic growth, economists emphasize the need to increase equity. The neoclassical model theory explains that capital stock is very important. In the case of the Republic of Macedonia, due to a number of statistical and methodological issues, capital and investments will be presented with the part of the companies classified as accommodation and food service activities. The first thing analyzed is the significance of capital goods for tourism and food service companies. Additionally, the investments in fixed capital of the accommodation and food service companies in Macedonia are being explored. Lastly, the situation and trends in bank loans given to accommodation and food service companies are analyzed. There is an attempt to make proposals for improvement of the conditions of investments and commercial loans in the tourism and hospitality activities. They are a potential opportunity for capital and technological improvement of companies’ business, their growth, development, employment and productivity and indirectly GDP growth of the Republic of Macedonia.
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