Institute of Economic Sciences

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    1955 research outputs found

    Improving Digital Competences of Persons with Disabilities as a Precondition for an Inclusive Digital Economy: Evidence from Serbia

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    In a digitally-driven world with a constant need for digital workers, policymakers and organizations are focusing on digital labor as an employment strategy. Digital labor is characterized by the production of value which results from the interaction with ICTs, such as digital entrepreneurship and digital platforms. Entrepreneurship in digital platforms offers flexible work arrangements in terms of timetable and workplace. This employment opportunity is especially beneficial for persons who face physical barriers in the workplace or have to adapt the pace of work to their needs, such as persons with disabilities (PWDs). In Serbia, PWDs face high and tenacious unemployment rates. They result from workplace discrimination, unperformed assessment of work-related functional abilities, unfavorable socioeconomic background, and lack of professional skills. Despite the fact that creators of labor market policies in Serbia have introduced initiatives which should help in developing digital professional skills among PWDs, they are still very few. Besides, these initiatives mostly offer basic digital competences trainings for PWDs, which are not sufficient for gaining employment in the digital labor market. This paper shows that there is a need to understand whether PWDs perceive digital self-employment through digital entrepreneurship and digital platforms as a viable solution for the unemployment issue they face. This information can help create new training initiatives that would put the knowledge acquired to practical use

    Naučno-tehnološka saradnja između akademskog i privrednog sektora u Republici Srbiji

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    Да би научно-технолошке политике ефикасније решавале изазове који се односе на недовољну сарадњу академског и привредног сектора који је и даље веома присутан, неопходно је стећи потпуно разумевање различитих врста интеракција и типова сарадње који се реализују између два сектора. Предмет истраживања ове докторске дисертације је испитивање фактора који утичу на успостављање и интензитет сарадње између академског и привредног сектора Републике Србије као и истраживање структурних карактеристика умрежавања. Главни циљ дисертације је откривање главних карактеристика и испитивање општих образаца научно-технолошке сарадње између академског и привредног сектора. Коришћењем методе анализе и синтезе идентификовани су кључни фактори који утичу на сарадњу академског и привредног сектора, а затим је применом регресионе анализе испитан њихов утицај на интензитет сарадње ова два сектора у Републици Србији. Поред тога, резултати истраживања структурних карактеристика умрежавања применом мрежне анализе су показали да академски сектор заузима централну функцију у мрежној структури сарадње два сектора и да има круцијалну функцију у процесу трансфера знања и токова информација у истраживачким и иновационим мрежама. Истраживање спроведено у овој дисертацији преставља важан корак ка бољем разумевању односа академског и привредног сектора Републике Србије. Поред научног доприноса резултата који се односи на емпиријску потврду тј. оповргавање претходних истраживачких резултата и теоријски допринос постојећој литератури, посебан значај дисертације се огледа у имплементацији новог методолошког приступа за оцењивање интензитета повезаности академског и привредног сектора који има значајан потенцијал примене у области научне и иновационе политике

    Innovation Capacities of Serbian Enterprises Before and During the Covid-19 Pandemic

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    The subject of this is the analysis of the innovation capabilities of enterprises in the Republic of Serbia. The emphasizes the importance of innovation in improving every company's business, regardless of its size or activity, with a particular focus on the enterprises operating in the tourism and hospitality industry. The aims to examine the ability of enterprises in Serbia to find in innovations both – sources of competitive advantage and solutions to the problems they are currently facing. The starts from the assumption that even though the innovation potentials of enterprises in Serbia are not fully utilized, positive tendencies can be recognized in the field of innovative activities. The authors believe that innovation ventures in all business segments, along with abandoning existing practices and patterns of behavior, represent a precondition for overcoming the problems that arose during the COVID-19 pandemic

    The Efficiency of National Innovation Policy Programs: The Case of Serbia

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    We aimed to assess the efficiency of the selected national innovation policy programs in the Republic of Serbia. We analyzed the impact of the Innovation Fund’s Mini-Grants and Matching Grants programs on the operating revenue growth of beneficiary micro, small, and medium enterprises. An econometric analysis of panel data was conducted. Because of the small number of periods observed, a model of individual effects was applied. Conclusions and recommendations were based on the results of random effects models. The findings indicate that program funding increased business revenues compared to the period before and that there was a direct link between indebtedness and revenue growth, which confirmed the positive impact of financing on the sustainable development prospects of beneficiaries through facilitating access to funding and innovation capacity improvement. These findings can have important policy implications as they provide guidelines for designing future actions and empirically confirm the need to increase public expenditures for innovation policy

    Wellness in Serbian hotels during the Covid-19 pandemics

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    In the last twenty years, Serbia has significantly improved the number and quality of accommodation facilities in tourism, especially in the hotel industry. The wellness concept in the hotel offer is known as a highly competitive tourist product, which has the capacity to attract domestic and foreign guests. Hotels in Serbia have recognized this possibility and started investing in wellness facilities and equipment, especially in spas with exceptional natural resources (thermal and mineral water, air and peloid). The COVID-19 pandemic has negatively affected the hotel industry, especially in cities. In response to the challenge, wellness hotels respected the measures of the RS Government and the Crisis headquarters but also changed procedures. Our research has shown that the situation regarding the implementation of anti-Covid standards in Serbia wellness hotels is satisfactory

    Prospects for the development of trade relations between Russia and China in a changing geopolitical environment

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    The paper examines the current issues of trade cooperation between Russia and China. Particular attention is paid to the dynamics and structure of foreign trade of both countries in a changing global environment — the sanctions policy of Western countries, the implementation of the "Belt and Road" initiative, China's adoption of a new strategy of "double circulation". It is revealed that despite the positive dynamics of trade relations there is a significant imbalance in the structure of foreign trade, which is characterized by the fact that Russia supplies fuel and energy resources to China, while the main share of China's import is made up of products with high added value. In the long term, the imbalance of economic potential could have a negative impact on bilateral trade and economic relations between Russia and China. In this regard, it is necessary to adjust the current model of the Russian economy and develop a new strategy for cooperation, which would allow to overcome the technological lag in the development of major industries. Keywords: Russia, China; bilateral trade relations; export; import; "double circulation"

    Innovative capacity as a driving force of national competitiveness

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    Each national economy has specific characteristics that determine its innovative capabilities to a greater or lesser extent. National innovation capacity can be a source of prosperity and growth for the national economy. Measuring national innovation capacity is very important because it provides knowledge about the dynamics of inventions in economic activities. By measuring the innovative capacity of the economy, indicators are obtained that are significant for the creation of development policy and are an important element in evaluating the success of its implementation. The connection between innovation and competitive advantage is direct and positive because the innovative capacities of companies can create, support, and make sustainable competitiveness both in the domestic and foreign markets. This paper aims to determine whether there is a relationship between national innovative capacity and competitiveness. To allow for data mutual comparability and generalization, the research included four countries: Serbia and three neighboring European Union member countries (Bulgaria, Hungary, and Romania). The evaluation was conducted using statistical data from international databases (WEF, INSEAD, and WIPO) covering 2008 to 2018. The findings indicate a positive relationship between a country’s competitiveness and innovative capacity, as measured by the Global Innovation Index and the Global Competitiveness Index. In the cases of Serbia and Bulgaria, there was a strong correlation between national competitiveness and the country’s innovation index. In Hungary and Romania, on the other hand, the correlation coefficient is low. The paper’s originality is reflected in the analysis and comparison of the innovation capacities four Eastern European countries (Serbia, Bulgaria, Hungary and Romania), which are rarely the subject of research in innovation

    Brendiranje grada Kraljeva kao destinacije manifestacionog turizma

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    U savremeno doba, sve je veći uticaj globalizacije na različite industrije, pa samim tim i na sektor turizma. Jedan od bitnih karakteristika savremenog poslovanja jeste i sve izraženija konkurencija među destinacijama kako u pogledu borbe za resurse, prodaju dobara i usluga, tako i pogledu privlačenja turista. Na tržištu postoji veliki broj destinacija širom sveta koje imaju relativno dobre receptivne uslove za boravak turista i veoma bogato kulturno-istorijsko nasleđe, ali nažalost u uslovima savremenog poslovanja to nije dovoljno da bi se određena turistička destinacija diferencirala na turističkom tržištu . Zato je neophodno da turistička destinacija kreira jedinstven, prepoznatljiv brend kako bi se izdvojila od konkurenata i u dužem roku ostvarila održiv rast i razvoj na tržištu. Manifestacije i festivali predstavljaju značajan element brenda destinacije, odnosno grada, kako u svetu, tako i u Republici Srbiji i poslednjih par godina prepoznati su kao prioritetni turistički proizvodi. Istraživanje, koje je sprovedeno u junu 2022. godine na uzorku od 118 ispitanika, pokazalo je da grad Kraljevo ima manifestaciju koja je prepoznatljiva na tržištu, reč je o dominaciji manifestacije Veseli spust u svim aspektima, kao i druge zanimljive odrednice brendiranja grada Kraljeva

    Export Diversification in the CEFTA 2006 Region. A "U" Shape Pattern

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    The main purpose of this paper is to evaluate patterns among export diversification along with the economic development in the CEFTA 2006 region. The pattern, which is evaluated here, is a hump-shaped pattern, which states that diversification and re-concentration of export and has a „U“shape relationship withGDP per capita. Hump-shaped pattern suggests that countries add products to their export basket during the early stages of economic development, while high-income countries remove goods for which they have lost a comparative advantage. Consequently, countries are slower to specialize in exporting products in which they have a comparative advantage, which leads to a humpbacked appearance. It may be concluded that one of the driving forces for export diversification is certainly GDP per capita, where diversification and later re-concentration take place mainly through extensive margins. On the other hand, intensive margins do follow the same pattern as extensive margins. Furthermore, extensive margins represent export diversification to new markets, where intensive margins present export diversification of new products. Export diversification is closely related to commodity export dependence. The country is considered to be commodity export-dependent when more than 60 percent of its total merchandise exports are composed of commodities. In these terms, countries with lower export diversification usually suffer from slow development, non-diversified economic structures, macroeconomic instability, economic volatility,"Dutch disease", political instability, poor political and economic governance, etc. Empirical studies reveal that export diversification can promote economic growth and reduce economic volatility. Greater diversification of exports contributes to greater resilience to exogenous shocks as well as stronger long-term growth and development of the country.With greater export diversification of products and greater geographical diversification (extensive and intensive margins), the risk of exogenous negative impacts is reduced. To test the U-shaped hypothesis, we used Herfindahl–Hirschman index as a measurement for export diversification. In this paper, we used secondary data from the UNCTADstat database for export. Data for GDP per capita were gathered from the World Bank database. After calculating the mentioned index for export diversification/specialization for CEFTA 2006 region, we presented a link between mentioned indexes with GDP per capita. Our results reject the null hypothesis, which states that there is a U-shaped relationship between export diversification and GDP per capita in the CEFTA 2006 region. In the CEFTA 2006 region, countries do not follow the path of higher diversified export at lower GDP per capita, and later specialization in exporting products with an increase of GDP per capita, in a product that which they have comparative advantages. The examined period in this paper was from 2007 to 2020 (13 years). Future studies could examine what the main drivers for export diversification are in CEFTA 2006 region. Also, it would be interesting to examine which margins, extensive or intensive, are the main drivers for diversification and later re-concertation at an individual level of each country

    Strategic Framework for Inclusion of Persons with Disabilities in Online (Platform) Work

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    The COVID-19 crisis has accelerated digital transformation and expanded the usage of advanced ICT solutions globally. Moreover, the expansion of remote work platforms and the tendency of modern businesses to outsource part of their business operations to individuals in remote locations creates significant potential for finding employment. According to available data sources, it is estimated that about 700,000 persons in Serbia face some form of disability. Of that number, only about 13% are employed. As a consequence of facing discrimination, persons with disabilities have a greater tendency towards long-term unemployment and complete withdrawal from the labor market. The Internet and advanced digital technologies provide equal opportunities for persons with disabilities to get involved in the digital labor market and increase their chances to find employment and generate income. This paper aims to discuss the potential of digital labor platforms for lowering the long-term unemployment of persons with disabilities in Serbia. Accordingly, the paper provides data on the level of digital competencies of persons with disabilities, since they are fundamental for obtaining employment on digital labor platforms. For that purpose, the standard desk-research method and secondary data analysis of relevant literature, strategic documents and public policies have been performed. The research results provide a deeper insight into the current level of digital competencies of persons with disabilities and suggest a potential solution for improving their chances of obtaining employment and generating income

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