Institute of Economic Sciences

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    1955 research outputs found

    Analysis of Tourism Demand in Selected WB Countries during the COVID-19 Pandemic

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    The subject of this chapter is tourism demand-side investigation in the following Western Balkans (WB) countries - Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia during the period 2019 M1 – 2021 M6. The chapter addresses the changing structure of tourism demand with the increased share of domestic visitors in all observed WB economies. Furthermore, the ongoing health crisis has emphasized the fundamental problems of tourism sectors in observed WB economies: very high seasonality and insucient attractiveness of certain types of destinations. Improving the attractiveness of destinations (especially cities) for domestic guests through the development of modern tourism products, implementation of advanced ICT solutions, and customized marketing and promotional activities has the potential to improve the structure of guests and consequently mitigate the sector’s resistance to similar shocks in the future

    Impact of the Covid-19 Pandemic on Foreign Direct Investment

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    Foreign direct investment is an important instrument in the economic growth and development of each national economy. At the same time, they are considered one of the key elements of the globalization process, as they significantly affect the mobility of production factors and world trade flows. Decisions on location choice and form of investment can be made by foreign investors depending on the political and economic situation in the country or the development and stability of specific sectors. The main goal of this paper is to determine whether the crisis caused by the COVID-19 virus has affected FDI mobility. That is, whether in 2020, as the first year of the pandemic, compared to the previous period (2018-2019), there were significant changes in FDI flows. The period covered by the research is from 2018 to 2020. The methodology applied in this research is based on a quantitative approach using available secondary data from the UNCTAD database. The results show that the crisis caused by the COVID-19 virus contributed to a significant reduction in the fluctuation of capital. Specifically, total FDI decreased by about 35% in 2020 compared to 2019, which indicates the negative impact of the COVID-19 crisis on FDI flows

    Human resource management practices and employee's job withdrawal intention in the Covid-19 era: job satisfaction as a mediator

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    Pillars of the global labor market’s permanence were not only partially shaken, but completely demolished in the first wave of the Coronavirus pandemic. A worldwide workforce was deeply distressed when global turmoil occurred. Organizational viability was seriously compromised. The first post-crisis actions included a review of recent organizational navigation practices (primarily, HRM practices) that were used for the purpose of protecting resources of strategic importance. The narrower focus was set on elucidating perceptions and attitudes towards organizations built by employees. To endorse an empirical investigation of this issue, the aim of the research was to determine and elaborate the influence HRM practices had in the cognition process of forming a strong employee’s job withdrawal intention in the COVID-19 era, along with examining the existence of mediating role employee’s job satisfaction had in this relationship. The theoretical part of the research integrated the method of literature content analysis, implying the collection of knowledge from relevant sources closely related to the scientific field of interest. The empirical part integrated the survey method, collecting primary statistical data from employed workers in the national (Serbian) economy during the first half of 2022. An electronic survey questionnaire was used as a tool for data collection. Data were processed using econometric systems SmartPLS 3.0 and IBM SPSS Statistics 25.0, and following software procedures. Usage of the statistical-econometric method, i.e., Partial Least Square Structural Equation Modeling (PLS-SEM) technique, was also recorded. Research findings provided support for the main research hypothesis and the initial assumption that HRM practices have a statistically significant, negative impact on employee’s job withdrawal intention, whilst job satisfaction mediates their relationship (β=-0.566, t=9.829, p=0.000)

    Creating new opportunities for the post-pandemic tourism recovery

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    Global Pandemic and Digital Marketing: Trends and Perspectives

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    The Covid-19 pandemic has caused issues and significant challenges in all spheres of business activities. Digital marketing is no exception, which, although based on the application of information technologies and thereby its functioning was not vitally jeopardized, has undergone significant transformations. Accordingly, the aim of this paper is to identify key trends in digital marketing that have arisen as a consequence of the global pandemic outburst. The paper analyzes the economic aspect, i.e. the impact of the pandemic on the growth of digital marketing observed through the total spending on digital advertising at the level of 28 European countries. Moreover, the aspect of adapting marketing communication to the new phenomena in society, such as living and working at home and rising isolation due to social distancing measures, was also observed. The results of the research contribute to the growing body of literature in the field of digital marketing by providing a systematic overview of the changes that have occurred, as well as development trends that are anticipated for the future period

    Koncept otvorenih inovacija u funkciji unapređenja inovacionih kapaciteta MSP u Srbiji

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    Predmet rada je analiza značaja koncepta otvorenih inovacija u procesu unapređenja inovacionog potencijala malih i srednjih preduzeća (MSP) u Srbiji. Cilj rada je se da ukaže na mogućnosti koje MSP u Srbiji stoje na raspolaganju kao rešenja za prevazilaženje određenih barijera u procesu kreiranja i implementacije inovacija. U radu se postavlja pitanje koliko je koncept otvorenih inovacija zastupljen u Srbiji i da li je prepoznat od strane MSP kao opcija za unapređenje inovacionih performansi. Autori rada su mišljenja da se sposobnosti MSP u segmentu kreiranja i uvođenja inovacija mogu značajno unaprediti usvajanjem modela otvorenih inovacija, odnosno intenzivnom saradnjom ovih preduzeća sa drugim organizacijama, posebno istraživačko-razvojnim institucijama. Ukazujući na mogućnosti koje poseduje koncept otvorenih inovacija, nalazi u ovom radu mogu doprineti unapređenju postojeće prakse inoviranja preduzeća u Srbiji

    Intra-industry trade in high-tech products in Serbia

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    Intra-industry trade (IIT) is the simultaneous export and import of similar products or services by one country. This model of trade is contrary to traditional theories of international trade and has occupied the attention of researchers since the 1960s. According to the Organization for Economic Co-operation and Development (OECD), high-tech products are defined as technical products whose production implies a high intensity of research and development. The paper will present data on the intensity of IIT between Serbia and its foreign trade partners from 2012 to 2020. The value of this index in the observed period ranged from 0.297 to 0.399. Also, the paper will present data on the exchange of high-tech products and the intensity of IIT between Serbia and the EU, CEFTA 2006, and Montenegro in the same period

    Otvorena nauka u zemljama Zapadnog Balkana

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    Otvorena nauka je koncept koji je uveo niz promena u realizaciju istraživačkih aktivnosti i formulisanje istraživačkih i inovacionih politika. Ona je omogućila novi pristup naučno-istraživačkom radu kroz jačanje mreža saradnje i deljenje informacija korišćenjem naprednih tehnologija. U ovom radu su sumirana različita razmatranja otvorene nauke i objašnjeni su njeni osnovni sastavni elementi. Cilj istraživanja je da analizira regionalne i nacionalne inicijative u domenu otvorene nauke u regionu Zapadnog Balkana, kao i da predstavi osvnovne pokazatelje otvorene nauke u ovom regionu. U radu je dat pregled broja publikacija, časopisa i repozitorijuma sa otvorenim pristupom, kao i repozitorijuma sa otvorenim podacima

    The Role and Significance of Chinese Investments in the Modernization of Railway Infrastructure in Serbia

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    The subject of the research is Chinese investments in the modernization and reconstruction of railway infrastructure in Serbia, with a focus on the construction of the Belgrade-Budapest high-speed rail line up to 200 km/h, on the sections Belgrade-Stara Pazova and Novi Sad-Subotica-Kelebija. The research aims to analyze the impact of Chinese investment projects on the railway infrastructure in Serbia and examine the effects of projects' implementation at different levels, including the challenges they face. The analysis covers the traffic, technical-technological and financial aspects of the project. The importance of building a high-speed railway through Serbia, but also of the shortest railway connection from Western and Central Europe in the countries of Southern Europe and the Middle and the Far East, is considered, especially in the context of the cooperation within the BRI. The research results are the presentation of the effects railway infrastructure projects have on the development of Serbian economy, as well as the challenges that arise during the implementation process

    Recepcija stavova Branka Horvata o kosovskom pitanju u srpskoj štampi krajem osamdesetih

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    U ovom radu biće predstavljena recepcija stavova Branka Horvata o kosovskom pitanju u srpskoj štampi krajem osamdesetih godina. Eminentni jugoslovenski ekonomista i politički aktivista Branko Horvat, 1987. godine pozvao je jugoslovensku javnost na dijalog koji bi doveo do rešavanja krize na Kosovu. Horvatovi stavovi o kosovskom pitanju bili su u suprotnosti sa oživljenim nacionalizmima i rešenjima krize koje je planirala srpska politička elita, predvođena Slobodanom Miloševićem. Analizom sadržaja relevantnih srpskih dnevnih listova i serijskih publikacija u kojima su vođene polemike povodom stavova Branka Horvata o kosovskom pitanju, pokušaćemo da utvrdimo kakva je bila njihova recepcija u srpskoj i jugoslovenskoj javnosti. U radu će biti ispitane glavne teme i identifikovane dominantne društvene grupe koje su reagovale na stavove Branka Horvata

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