Persistence On Tourism In North Macedonia: The Impact Of COVID-19

ABSTRACT

This study analyzes the level of tourism persistence in the North Macedonia through predictors of foreign arrivals and overnight stays for the time period of annual data from 1956 to 2020 and for monthly data from January 2010 to October 2021 by applying fractional integration techniques. The results show that for the annual data shocks are temporary by applying autocorrelation model. However, at the monthly data the shocks are expected to have permanent effects. The government should react further in trying to bring back the tourism figures as before the pandemic COVID-19. Copyright (c) 2022 The Authors. This is an open access article under the CC BY-NC-ND license (https//creativecommons.org/licenses/by-nc-nd/4.0/)