Results found: 2

Search results

Search:
in the keywords: produktivnost

Sort By:

Limit search:

Preduzetničko Okruženje i Konkurentnost u Bih i Srbiji / Business Environment and Competitiveness in Bih and Serbia

100%

Mićić J., Šarčević M.

ECONOMICS

2015

vol. 3

issue 1

5-20

Bosna i Hercegovina zajedno sa Srbijom pokazuje lošije ekonomske performanse od susjednih zemalja, dok evropski prosjek ostaje daleka i umnogome nedostižna kategorija. Razlozi ovakvog nezadovoljavajućeg stanja su mnogi, i ovim radom se želi osvijetliti preduzetnički aspekt ekonomske dinamike ovih zemalja u poređenju sa svjetskim, evropskim i regionalnim prosjekom. Koristićemo komparativnu, statističku, dinamičku i kognitivnu analizu i sintezu u cilju jasnijeg sagledavanja uzroka situacije u kojoj se nalazimo, kao i uočavanja potencijalnih komparativnih prednosti. Kroz predstavljanje pozicija BiH i Srbije u izvještajima Svjetskog ekonomskog foruma u odnosu na ponderisane prosjeke svijeta, Evrope i regiona, preko analize osnovnih parametara konkurentnosti i detaljne analize indikatora preduzetništva doći ćemo do značajnih zaključaka o najvažnijim manjkavostima i mogućim prednostima preduzetništva u BiH i Srbiji. Ove rezultate bi trebalo imati na umu prilikom kreiranja budućih ekonomskih mjera uz značajnu upotrebnu vrijednost sadašnjim i budućim preduzetnicima.

Bosnia and Herzegovina together with Serbia shows the poor economic performance compared to neighbor countries, while the European average remains a remote and largely unattainable category. The reasons for this unsatisfactory situation are many, and this paper aims to highlight the entrepreneurial aspect of the economic dynamics of these countries compared to the world, European and regional average. We will use comparative, statistical, dynamical and cognitive analysis and synthesis in order to get better insight into the causes of our current situation, as well as recognizing the potential comparative advantages. Through presentation of the BiH and Serbia position in the Reports of the World Economic Forum in relation to the weighted averages of the world, Europe and the region, and further through the analysis of the basic parameters of competitiveness and detailed analysis of business environment indicators we will reach important conclusions about the most important shortcomings and potential advantages of entrepreneurship in BiH and Serbia. These results should be kept in mind while creating future economic measures, and they have considerable usable value for current and future entrepreneurs.

EU Crises Multiplier - From One Crisis To Another

80%

Pešić I. V., Vanka G. M.

Economic Themes

2014

vol. 52

issue 2

215-241

Since the wide spreading of the European Union (EU) crisis begun, the research papers have been providing different definitions such as currency crisis, competitiveness crisis, banking crisis, balance of payment crisis, but the most frequent notion of EU crises is the sovereign debt crisis. In this paper, the researchers agree that the current European crisis can be identified as sovereign debt crises at its surface, but in order to search for solutions of EU problems, we must look deeper into the sources of this crisis. Through this paper, the multiplication of crisis is explained, whereby it is being concluded that one type of crisis led to another, while staying on the point that the Eurozone current crisis is basically a combination of two core crisis: balance of payment crisis and banking crisis. In order to support the hypothesis that sovereign debt crisis is deeply connected with balance of payment crisis, we have analysed the trade and capital flows of European countries. It was discovered that periphery countries mostly financed their current account deficit, trade deficits and public deficit through external borrowing from creditor countries. Further, the periphery countries have been cumulating not only trade deficit in trade activity with other European partners, but also in trade with the rest of the world. The key source of imbalances between the European countries seems to be a different level of competitiveness caused by different level of productivity. As the second face of EU crises, we recognised a banking crisis. We found that sovereign debt crisis and banking crisis are interconnected but banking crisis usually precedes the debt crisis. With the fast growth of international capital flows, financial integration was strongly regionally concentrated and became especially important within the EU. Through the analysis of the international investment position of creditor countries, it was concluded that these countries are more integrated within the euro area through financial flows than through real economic flows. Additionally, it was discovered that creditor countries’ banks were among the biggest investors in bonds of periphery countries such as Greece. In other periphery countries such as Ireland, banking crisis and subsequent measures for the rescuing of banking system led to the increase of public debt. In the other countries, banks were faced with solvency problems due to bad debt holdings. Having in mind that we found interconnection of the debt crisis with balance of payment crisis on the one side, and with the banking crisis on the other side, the conclusion is that sovereign debt crisis in the Eurozone is a result of two-core crisis: balance of payment crisis and bank crisis. Reckoning on the European Union history where each crisis usually led to the stronger integration, maybe the current crisis is a step further towards better and deeper integration.

Refine search results

1 ECONOMICS

1 Economic Themes

1 Mićić J.

1 Pešić I. V.

1 Vanka G. M.

1 Šarčević M.

1 2015

1 2014

Search results

Preduzetničko Okruženje i Konkurentnost u Bih i Srbiji / Business Environment and Competitiveness in Bih and Serbia

EU Crises Multiplier - From One Crisis To Another