Transition and post-conflict macroeconomic policies in Serbia

Labus, Miroljub

doi:10.2298/eka2026073l

Cited by 3 publications

(2 citation statements)

References 7 publications

(7 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Regarding savings and investments, the aim is to push up the share of investments into GDP to ¼, by measures: putting down tax and other related duties mainly on the production and savings and to strengthen domestic savings; halting FDI subsidization and canalling FDI to the production with higher technological level and better involvement of domestic suppliers [17].…”

Section: Strengthening Investment Activity Of Smesmentioning

confidence: 99%

Strengthening SME competitiveness through financial support

Hadžić¹,

Paunović²

2021

International Review

View full text Add to dashboard Cite

Serbian SMEs after 2000 experienced high growth rate and become an important economic subject. During the economic crisis SMEs faced with severe problems. With economic recovery from 2015 on SMEs again have positive business demography. If look in SME`s business performances one cannot be satisfied. SMEs have experienced low level of profitability and competitiveness. Low efficiency, namely low gross value added, GVA made no room for savings and investments into development. The share of gross savings and investments into gross domestic product, GDP has for long time been less than 1/5. Thanking to high and increasing foreign direct investments total investments are on the level that made room for increase in rate of growth. The average rate of growth, 2-3% p.y. is insufficient to catch up other transitory economies. External sources of financing SMEs are limited and the discrepancy between demand for financial sources and supply is more than one billion euros. The difficult access to finance by SMEs can be explained by biased approach of banks toward large companies, problem of bank`s non - performing loans, high interest rates and high requirements of banks. The paper examines low efficiency of SMEs, especially problem of access to finance and try to recommend measures to overcome them.

show abstract

Section: Strengthening Investment Activity Of Smesmentioning

confidence: 99%

Strengthening SME competitiveness through financial support

Hadžić¹,

Paunović²

2021

International Review

View full text Add to dashboard Cite

show abstract

“…As a transition country, the Republic of Serbia is facing problems of high unemployment, declining economic activity, low competitiveness, and lack of investments. These problems have been present mainly due to the inefficient and slow pace of reform processes to establish a market economy (Labus, 2020;Uvalić et al, 2020). This primarily refers to the inefficient privatization of state-owned and social enterprises, which was not accompanied by opening many new private companies (Ivanović & Kufenko, 2020).…”

Section: Introductionmentioning

confidence: 99%

Economic challenges of entrepreneurs in the Republic of Serbia operating in the most prospective economic activities

Fedajev¹,

Voza²,

Panić³

et al. 2022

Anali Ekon fak Subotica

View full text Add to dashboard Cite

High unemployment rate, low level of economic activity and low living standards are some of the most significant problems that the Republic of Serbia has been facing in the last few years. The development of small and medium enterprises and entrepreneurs as great potential to solve these problems to some extent is still not sufficiently exploited. Keeping in mind the importance of the development of this economy segment, this paper analyses the business economy of entrepreneurs by economic activities in 2018 in the Republic of Serbia to determine the economic activities that have the greatest prospects for entrepreneurship development in the future. The ratio analysis of operations was used as a starting point for comparative analysis. It was conducted using the data obtained from the Annual Bulletin of Financial Statements published by the Business Registers Agency for ten economic activities where entrepreneurs reordered the highest profitability in 2018. Using the entropy method and PROMETHEE method, the ranking of entrepreneurs according to economic activities was performed. The obtained results indicated that in 2018, the best-ranked entrepreneurs were those operating in Professional, Scientific, Innovative and Technical Activities, while the worst-ranked are entrepreneurs operating in Accommodation and Food Services.

show abstract

Is reindustrialization a realistic path? An empirical insight from South-Eastern Europe

Hadžić

Zeković

2022

Spatium

View full text Add to dashboard Cite

The global economy has been faced with two dramatic crises (the global financial crisis and the pandemic), and it is still suffering. As an answer to the first crisis, the European Union formulated reindustrialization as a development approach, by which it wanted to strengthen its position on the world market, with the aim of manufacturing achieving a 1/5 share of the GDP. During the last decade, results have differed among the member countries, as well among the candidates for membership. Some countries have continued the trend of deindustrialization, while others have succeeded in starting reindustrialization. However, what is clear is the fact that achieving the goal defined is a challenge for all. There are economists who argue that this goal is not only unrealistic, but even not useful. The paper presents a comparative analysis exploring the development characteristics of several countries in South-Eastern Europe (SEE): Albania, Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, Kosovo and Serbia, using a meta-analysis in a synthesis of the results of this empirical research. It also shows a regression analysis and correlation analysis using the IBM SPSPS 28 software package. The paper analyzes whether the countries considered follow the trend of deindustrialization or reindustrialization, and it examines and tests whether a higher share of manufacturing within the GDP results in a higher rate of growth. The results show that all the countries under consideration have already fulfilled the aim of manufacturing having a 20% share of their GDP (except Montenegro). At the same time all of the countries, except two (Bosnia and Herzegovina and North Macedonia), have experienced a deindustrialization trend. The paper could be useful for policy makers in South-Eastern European Countries as well other transitory/transitional countries as they create reindustrialization policies in line with the EU industrial policy.

show abstract

Transition and post-conflict macroeconomic policies in Serbia

Cited by 3 publications

References 7 publications

Strengthening SME competitiveness through financial support

Strengthening SME competitiveness through financial support

Economic challenges of entrepreneurs in the Republic of Serbia operating in the most prospective economic activities

Is reindustrialization a realistic path? An empirical insight from South-Eastern Europe

Contact Info

Product

Resources

About