TOURISM DEVELOPMENT IN THE SLOVAK REPUBLIC AFTER THE GLOBAL FINANCIAL CRISIS

This paper aims to find consequences and relations between the economy and tourism industry in post-crisis tourism development in the Slovak Republic. The smooth partial least squares approach dependent on a parameter was applied, with the economy lagged situation in the data. In some sense, different conclusions are identified on the original variables and first differences. The share of the multivariate linear trend in the individual parameters was also quantified.