Institute of Economic Sciences

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    1955 research outputs found

    Environment and Economy Interactions in the Western Balkans: Current Situation and Prospects

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    In the sustainable development paradigm, the environment and the economy are closely intertwined in many ways. Everything that happens in the environment, whether positive or negative, has a considerable impact on the economy, and vice versa. This research aims to gain a better understanding of the existing condition and prospects of economic-environmental links in the Western Balkans (Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia). The issue of environmental protection is fundamental, especially given the Western Balkan countries’ desire to join the European Union and the fact that the decisions made by their governments will have an impact not only on the environment in the region but also on the environment of other countries on the European continent. After gaining a deeper theoretical understanding of the economy-environment relationship, we proceed with a desk study of the economic and environmental state and prospects for the Western Balkans and individual countries. A panel regression analysis is used to further investigate the GDP-CO2 link in the Western Balkan region. The findings show that higher GDP values are associated with higher CO2 emissions and that each additional increase in GDP above the average results in 0.08% higher CO2 emissions. All this confirms that economic growth has harmed the environment in the Western Balkans over the last six decades

    The Impact of the Covid-19 Pandemic on Local Economic Development in Serbia

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    The impact of high-tech products exports on economic growth – the case of Serbia, Bulgaria, Romania and Hungary

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    Innovative capacity represents the ability of long-term production and commercialization of the flow of innovative technologies and is an essential factor influencing competitiveness in modern economies. When it comes to innovation, research and development, gross domestic product (GDP) is often used as an indicator of investment opportunities at the national level to gain insight into the country’s ability to improve innovation and competitiveness. Accordingly, this paper aims to determine whether the export of high-tech products, as one of the results of innovation in the economy, measured by GDP growth, has a positive effect on overall economic growth. For the analysis process to have a comparative character, four countries were included in the empirical research: Serbia, Bulgaria, Hungary and Romania. The international Eurostat database was used as the main source of data, and the period covered by this survey is from 2008 to 2018. A simple linear regression model was applied in the analysis to determine the relationship between the share of hightech products in the country’s total exports and GDP per capita. The research results in this paper show that it was not possible to confirm the positive relationship between exports of high-tech products and GDP growth in the case of Serbia, Hungary and Romania, while in the case of Bulgaria, the impact of growth in exports of high-tech products on GDP growth can be confirmed. According to the obtained results, it is most adequate that the issue of innovation, exports and economic growth is not observed exclusively through the development and application of innovations in high-tech industries. We need to look at the broader context in terms of how much innovation can improve exports and the overall business of medium and technologically inferior (less demanding) industries, what innovations these industries need, and how to develop and implement them

    Do Persons with Disabilities Perceive Digital Platform Work as a Chance for Employment?

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    According to the SORS data, persons with disabilities make up approximately 10% of the total population in Serbia (between 700,000 and 800,000 persons) (Marković, 2014). Of that number, only about 13% are employed, significantly less than the 42.5% employment rate in the total population (Mamula Nikolić et al., 2019). The low employment rate among persons with disabilities results from discrimination, unperformed assessment of work-related functional abilities, unfavorable socio-economic background, and low educational and skill levels. The advances in digital technology can offer fairer work opportunities for traditionally excluded groups in the labor market. This paper aims to investigate the attitude of persons with disabilities towards work on online labor platforms (so-called freelance platforms) and assess the level of their digital competencies and digital entrepreneurial competencies as a precondition for this type of work engagement. To obtain information on socio-economic background, the level of digital competencies and digital entrepreneurial competencies of persons with disabilities in Serbia, their knowledge of the digital labor platforms, and the intention to engage in digital freelance work, the authors developed a structured, four-point Likert scale questionnaire. The assessment of the possessed level of digital competencies is performed by applying the methodology used in the Digital Competences Development System – Contents of the Self-Assessment Tool (2018). This methodology is essentially based on DigComp 2.1 framework. This research concludes that a significant percentage of persons with disabilities in Serbia positively assess their general digital competencies. It could result from numerous retraining programs organized by the National Employment Service (nsz.gov.rs). On the other hand, digital entrepreneurial competencies, knowledge of freelance platforms' work mechanisms, and employment opportunities they offer were not rated accordingly. The respondents mainly stated that they have never created a digital business, have no intention of starting one, would not know how to apply for a job on a digital labor platform, nor to determine a price for their work. Due to unfavorable socio-economic status, persons with disabilities are at a higher risk of long-term unemployment and withdrawal from the labor market. The results of this research point to the need for introducing tailor- made retraining programs in digital competencies and digital entrepreneurship, which could provide persons with disabilities with practical knowledge and empower them for self-employment through digital entrepreneurship on digital labor platforms. The results and insights that this paper offers could be beneficial for persons with disabilities and policymakers. A plethora of studies have already addressed the topic of digital competencies among the general population. Anyhow, the evidence regarding the digital competencies of persons with disabilities is scarce. Accordingly, a research gap is determined, as there is a lack of evidence on the intention of persons with disabilities to engage in work on online labor platforms. This paper can serve as a starting point in investigating the alternatives to traditional employment for traditionally excluded groups from the labor market. This paper's limitation is that the authors have examied only the basic digital competencies of persons with disabilities. Further research should examine advanced digital competencies and specialized skills needed for engagement in the online labor market

    With a little help from my friends: Medium-Term effects of a remedial education program targeting Roma minority

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    A poor-performing student can achieve better results by following the footprints of an older friend. In this paper, we study a remedial education program that takes advantage of this phenomenon. Introduced in Serbian primary schools in 2009, the Roma Teaching Assistant Program targets underachieving students belonging to the Roma minority. It assigns one person, usually Roma, to each school participating to provide support to targeted pupils and create a bridge with their community. We estimate its medium-term effects on educational attainments at the end of primary school by comparing students in schools participating and in schools that applied, but were not selected, before and after the introduction of the program. The impacts on marks and standardized test scores are modest, although positive and bigger in schools with a lower percentage of Roma. Roma students are, however, more likely to choose longer secondary school tracks, a requirement for entering higher education

    The Impact of Investment on the Economic Activity of the Balkan Silk Road Countries

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    The aim of this chapter is to examine the impact of investment in research and development on economic growth, as well as the nature of the impact of trade openness and foreign direct investment on extended Balkan Silk Road economies. The authors used the general econometric specification of the regression panel model and for the period from 2002 to 2018. The results showed that expenditures on research and development and trade openness have a significant positive effect on the gross domestic product of the countries with lower GDP per capita, while foreign direct investment in these countries has a neutral and nonsignificant impact on gross domestic product. For the countries with higher GDP per capita, expenditures on research and development have a marginally negative effect on the gross domestic product. Trade openness is significantly positive, while foreign direct investments have a significant but neutral effect on the gross domestic product. The main limitations of the research are the use of data on total R&D investment and foreign trade relations instead of sectoral

    Digitalne veštine u funkciji održivog turizma Srbije

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    Turizam je u poslednjih dvadeset godina doživeo eksponencijalni rast prometa, čime su u velikoj meri potencirani negativni efekti koje ova privredna grana ima na životnu sredinu. Uticaj se, kroz povećanje broja posetilaca, prenosi na širenje saobraćaja i neophodne infrastrukture, izgradnju objekata i urbanizaciju što posledično utiče na klimatske promene, ugrožavanje biljnih i životinjskih vrsta, zagađenje vode i vazduha. Da bi se sprečila dalja deprivacija prirodnih i turističkih resursa neophodno uložiti sistematski i kontinuirani napor, a jedna od mogućnosti je upotreba digitalne tehnologije u turizmu. Brojni su primeri upotrebe tehnologije u turizmu, što je postalo posebno značajno tokom Covid krize, od kada se pojavila potreba za bezkontaktnim mogućnostima komunikacije, plaćanja i slično. Među najvažnijim digitalnim konceptima primenljivim u turizmu su kompjutersko simulaciono modeliranje, elektronski sistemi za upravljanje destinacijom, informacioni sistemi za upravljanje okruženjem, GPS, bežična i mobilna tehnologija, virtuelni turizam i gejmifikacija. Međutim, treba imati u vidu da uspešna implementacija digitalnih rešenja zahteva odgovarajući stepen digitalnih veština zainteresovanih strana. Cilj ovog rada je da na osnovu mikropodataka Republičkog zavoda za statistiku RS utvrdi nivo digitalnih veština radno sposobnog stanovništva angažovanog u oblasti pružanja usluga, sa ciljem da se utvrdi da li postoji dovoljan nivo veština za primenu digitalnih tehnologija u turizmu u Srbiji

    Open Innovation and Crowdsourcing: Challenges and Opportunities for Serbian Railways

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    The paper presents research that proposes prototype solutions based on open innovations, the Internet of Things, and crowdsourcing, which can increase traffic safety and reduce human casualties and material damage. The paper's authors conducted the research in cooperation with the Faculty of Organizational Sciences (FON) students in Belgrade and railway experts. FON students were presented with seven typical situations on the railway in Serbia. Traffic safety is often endangered, with human casualties and significant material damage, and the cause of these negative phenomena and accidents is not the railway. Traditional technical-technological solutions to these traffic problems to increase safety are extremely expensive and functionally complex, so they cannot be comprehensive, universal, and global. After the research, prototype solutions based on crowdsourcing principles were proposed, based on open innovations and the Internet of Things, to reduce the number and consequences of such characteristic situations on the railway. The research results confirm that open innovations based on crowdsourcing and the Internet of Things can increase safety in specific segments of railway traffic

    Parenthood and Labour Market Outcomes in Serbia

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    Using the Labour Force Survey data for the period 2014 to 2018 for Serbia, this paper explores the effect of parenthood on the labour market trajectories of parents, the so-called ‘parenthood penalty’. We find that mothers are less likely than non-mothers to be active in the labour market when their children are very young, but this effect is transitory, and mothers of older children are actually more likely to be active than non-mothers. Similarly, we observe that mothers of small children are less like-ly to work overtime than non-mothers, but also that both parents of older children are more likely to engage in overtime work than men and women without children. We find a motherhood penalty in terms of hourly wages for mothers with younger children, but the penalty is not significant as children become older. By contrast, fathers are more likely to be active than nonfathers. We do not find an effect of fatherhood on hours worked or hourly wages. Overall, our results suggest that the motherhood penalty is present in Serbia in the early stages when children are young, but motherhood does not seem to have lasting effects on the labour market participation, hours worked, or wage rates of mothers. We do not find evidence of a fatherhood bonus, but we find that fathers are more likely to be active than non-fathers

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