1955 research outputs found
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Železnička afera: finansijski i korupcijski skandal (1881–1891)
No full textU ovom članku biće reči o velikom finansijskom i korupcijskom skandalu u Kraljevini Srbiji osamdesetih godina 19. veka – železničkoj aferi. Pored slučaja korupcije, ili finansijske greške, skandali obuhvataju i rasprave o pravilima i dominantnim vrednostima u društvu. Železničku aferu je pokrenula Radikalna partija, podržana od seljaka, koja se bojala stranog kapitala i političkog uticaja i sabotirala vladu naprednjaka, koji su sprovodili ubrzanu modernizaciju Srbije, oponašajući zemlje u Zapadnoj Evropi i koristeći finansijsku pomoć Francuske i Austrije. Naprednjaci su odabrali francusku firmu za finansijera i graditelja prve srpske železnice. Bankrotstvo francuske firme, tokom gradnje železnice, izazvalo je veliki finansijski skandal. Prvi deo rada bavi se železničkom aferom kao finansijskim skandalom. Nakon što je iščilela iz sećanja srpske javnosti, železnička afera se ponovo pojavila 1889. godine, kao veliki korupcijski skandal. Drugi deo rada bavi se korupcijskim skandalom, koji je izazvao pamflet Bombe. Rad će se baviti događajima koji su izazvali aferu, ali i političkom borbom između naprednjaka i radikala i pitanjem kako je afera korišćena u političkoj borbi
Potencijal primene municipalnih obveznica kao izvora finansiranja lokalnih samouprava u Republici Srbiji
No full textBudući da u savremenim uslovima ograničenih budžetskih sredstava i rastućih potreba za ulaganjima lokalne samouprave tragaju za efikasnim i održivim izvorima finansiranja, municipalne obveznice se nameću kao potencijalno rešenje. Reč je o obliku dužničkih hartija od vrednosti koje emituju lokalne vlasti, a njihova primena bi mogla doprineti unapređenju finansijske autonomije i povećanju transparentnosi u upravljanju lokalnim javnim finansijama. U Republici Srbiji, tržište municipalnih obveznica još uvek nije dovoljno razvijeno, što predstavlja direktnu poslediu nepostojanja adekvatnog pravnog okvira, ograničene finansijske pismenosti lokalnih vlasti, kao i nedovoljnog poverenjea investitora. Rad istražuje mogućnosti diversifikacije izvora finansiranja lokalnih samouprava, sa posebnim akcentom na municipalne obveznice i njihove efekte na lokalni ekonomski razvoj
The Use of Information and Communication Technologies Among Generation X in Serbia: A Comparison Before and After the COVID-19 Pandemic
Get PDFThe aim of this paper is to examine the use of information and communication technologies (ICT) among Generation X in the years before and after the COVID-19 pandemic. The pandemic brought significant changes in digital technology usage and accelerated shifts in work, communication, and societal functioning. Generation X, comprising individuals born between the 1960s and 1980s, grew up during a time when digital technologies and the internet were not as prevalent. Given that they now live and work in a digital era, it is crucial to understand how they adapt to the rapid changes driven by digitalization. For this research, microdata from the survey "The Usage of Information and Communication Technology by Individuals/Households in the Republic of Serbia" were analyzed for the years 2019 and 2023. Results show a slight increase in internet and computer use, particularly among younger members of Generation X. Additionally, there was a significant increase in online shopping and the use of communication services in 2023, which gained popularity during the lockdown. Regarding public administration services, respondents in 2023 primarily accessed services related to the pandemic, such as vaccine information and green certificates. However, a significant number of respondents, 49%, did not use public services in either 2019 or 2023, suggesting potential issues with trust or perceived complexity. The main contribution of this paper is a detailed analysis of this group's behavior before and after the pandemic, focusing on ICT usage and responses to changes triggered by the COVID-19 pandemic
The stylized facts of public indebtedness after the Bretton Woods collapse: global evidence
Get PDFIn this paper, we have constructed a secondary Global Public Debt Database (GPDD) for 1971-2021.
In particular, the paper presents detailed stylized facts regarding the public debt indebtedness of the
central government in the case of sixty-seven advanced, emerging, low-income and developing economies
after the collapse of Bretton Woods. The paper provides a comprehensive literature review of previous
contributions centered around public debt sustainability analysis from the perspective of the intertemporal
government budget constraint (IGBC) violation. Our results show a higher degree of public debt
persistence in the case of advanced economies compared to emerging, low-income and developing
economies. We also find that the most indebted countries have the most volatile public debt/GDP ratios
Dynamics of green and conventional bond markets: Evidence from the generalized chaos analysis
No full textIn this study, we conduct a comparative analysis of the nonlinear dynamics of the time series data for green and conventional bond indices spanning the period from 2014 to 2023. Our research builds upon the existing limited studies conducted in this domain. To examine the inherent characteristics of the empirical data-generating process, we utilize a generalized chaos analysis framework. The findings indicate that both series exhibit a combination of quasi-periodic cycles and deterministic (chaotic) dynamics. Additionally, we employ reconstruction techniques to visualize the strange (fractal) system attractors for both series. Furthermore, we quantify and compare the dynamics that emerge from the data by employing recurrence quantification analysis and multifractal analysis with power-law distributional coherence tests. Consequently, we identify that both bond series exhibit multifractal characteristics. Finally, we conduct a comparative analysis of the distinct dynamical differences observed between the bond index series. Based on our results, we draw concluding remarks regarding the future evolution of the green bond market and discuss the potential implications of our findings in the context of climate change
The contemporary development of Serbia-China and Serbia-Russia relations: is this the opportune moment for economic cooperation expansion?
Get PDFAn ADAM-based approach to unveiling entrepreneurial ecosystems in selected European countries
No full textPurpose– This study aims to integrate the resource-based view (RBV) with other theories that consider external factors necessary to respond successfully to dynamic and uncertain entrepreneurial business conditions. Design/methodology/approach– The paper introduces an multi-criteria decision-making (MCDM) approach, utilizing the axial-distance-based aggregated measurement (ADAM) method with weights determined by the preference selection index (PSI) method, to rank eight European countries based on the Global Entrepreneurship Monitor (GEM) data. Additionally, the paper extends the existing entrepreneurial ecosystem taxonomy (EET), offering an additional classification. Findings– The performed analysis emphasizes the importance and necessity of involving different dimensions of EE in assessing the countries’ entrepreneurship performance, which facilitates creating adequate policy measures. Research limitations/implications– The crucial limitations are assessments based only on the GEM data from a particular period, possibly leading to a certain bias. Future research should involve data from various resources to increase the results’ reliability. Originality/value– The ranking results and country classification obtained using the ADAM-based approach and two distinct taxonomies served as the basis for formulating tailored policy recommendations, aiming to formulate tailored policy implications for increasing the number of new entrepreneurs and improving innovativeness, sustainability and internationalization of existing entrepreneurs for each group of countries
Navigating the Gig Economy Landscape: Assessing Methodological Challenges through the Lens of Gigmetar™
No full textThis paper addresses the challenges associated with measuring the gig economy, recognizing the methodological hurdles in assessing platform work, and exploring potential solutions. Drawing on comparisons between various approaches to gauging the scale of online labour using substantial amounts of data, the paper examines the strengths and weaknesses of Gigmetar™, as a novel method already employed in evaluating the gig workforce in Serbia and Southeast Europe. In contrast to previous studies with limited sample sizes, Gigmetar™ employs extensive data analysis, capturing around 80% of the online workforce on the selected platform. This approach allows for a more comprehensive analysis of workers’ characteristics and trends. The tool provides insights into gender distribution, income, and occupational profiles, facilitating biannual assessments. Furthermore, GigmetarTM tracks the trends of gig workers and emphasizes the importance of accurate measurements for policymaking. While Gigmetar™ emerges as a promising method, ongoing challenges persist in adapting it to diverse platforms, keeping pace with the technology they employ, and extending its applicability to countries beyond the currently analyzed scope
The Differences in Perceptions of Continuous Intention to Use Mobile Banking Apps : Evidence From Kuwait and Serbia
No full textThe literature on continuous mobile banking use lacks research on cross-cultural variations and comparisons between countries at different levels of economic and technological development. These differences can lead to varying perceptions and attitudes among residents. This study aimed to identify significant differences between Kuwaiti and Serbian university students in their use of mobile banking applications and their perceptions of factors influencing such usage. The data on eight constructs that have been hypothesized in previous literature to impact continuous mobile banking app use were collected: perceived usefulness, perceived ease of use, confirmation, perceived trust, compatibility, privacy, environmental awareness, and satisfaction. The Mann-Whitney U-test was employed to test for differences in perceptions between the two groups. The findings suggest that differences in perceptions between the two countries are influenced by cultural backgrounds, development levels, user habits, mobile banking app characteristics, and socio-economic factors
Impact of research and development investment on medium-sized agricultural enterprises’ business success in Serbia
Get PDFResearch and development (RnD) investment marks a company’s initial foray
into fostering innovation. Through RnD, companies have the chance to enhance
existing processes and create novel business processes, products, and
services. Innovative processes, products, and services bestow a competitive
edge, result in time, and resource savings, and promote diversified operations,
rendering businesses less vulnerable to market fluctuations. The research objective
is to assess how RnD investments affect the success of medium-sized
agricultural businesses in the Republic of Serbia between 2020 and 2021.
The research centers on the examination of the primary financial indicators
of medium-sized agricultural enterprises (Intermediate-scale businesses in
the agricultural sector/ or ISB-AS) in 2020-2021. The performance value was
determined by applying financial analysis. The data were collected from the
official financial reports of all intermediate-scale businesses in the agricultural
sector that are registered in the Republic of Serbia. The research is
grounded in the hypothesis that medium-sized agricultural enterprises, which
allocate resources to RnD, achieve superior financial indicators compared to
the average performance observed among all medium-sized enterprises. The
research findings have practical implications for policy development in this
area and are of great importance to business leaders in developing operational
and strategic business goals