Does foreign investment improve technical efficiency of manufacturing: Evidence from the Republic of Serbia

Nikolić, Ivan

doi:10.5937/industrija49-34376

Cited by 3 publications

(1 citation statement)

References 21 publications

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“…According to the mean results, the total factor productivity has been increasing by the average annual growth rate of 0.3% in the observed period. Given the presented structure, the quite low positive changes of productivity have been driven mostly by the technological progress, which is in line with the findings on technical improvements in manufacturing stimulated by foreign direct investments (Nikolić, 2021). The changes of total factor productivity in Serbian manufacturing industry as a whole, in variant 2, are presented in Figure 2.…”

Section: Resultssupporting

confidence: 85%

Assessing the productivity of Serbian manufacturing industry with Malmquist DEA indices

Nikolić,

Miljković

2023

Industrija

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The subject of this paper is the productivity of the manufacturing industry of Serbia. The analysis was conducted on data for 85 manufacturing groups of Serbian industry during the period 2012-2022. Changes in total factor productivity, as well as the decomposition of these changes into technological changes and innovations on the one hand, and efficiency changes on the other, were estimated using Malmquist indices calculated by DEA program. The introduction offers a brief overview of the macroeconomic context in which industrial production takes place. The second chapter is devoted to the methodology and the presentation of the data used. In the third part of the paper, the results of the research are presented. The total factor productivity of the manufacturing industry grew at a low average rate of about 0.5% annually. The manufacturing industry lacks continuity of growth, with no more than two years of consecutive productivity growth recorded. The best results were achieved in the manufacture of coke and refined petroleum products, electrical equipment and other transport equipment. Productivity growth in these divisions is rather the result of efficiency improvements than technological changes, i.e. innovations. The biggest decline was achieved in the manufacture of basic iron and steel.

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Section: Resultssupporting

confidence: 85%

Assessing the productivity of Serbian manufacturing industry with Malmquist DEA indices

Nikolić,

Miljković

2023

Industrija

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Between geopolitics and geoeconomics - the influence of foreign direct investments (FDI) on the economy of Serbia

Maksimovic,

Cveticanin,

Nikolic

2024

Ekon an

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The subject of this analysis is foreign companies in Serbia, which are classified into six groups according to origin of capital. A survey of 28 companies with the largest share of gross value added (GVA) for Serbia was conducted. The research aimed to determine whether lowand medium-developed countries are able to develop when faced with conflicts and confrontations between large countries in the geopolitical and geoeconomic field using Serbia as a case study. A further goal of the research was to establish whether Serbia itself can record industrial growth in such conditions. The results presented cover a two-year period from the beginning of the Russian ?special operation? in Ukraine, i.e. February 2022, to February 2024. The analysis showed that industrial production in Serbia has exhibited positive results in the last two years thanks to the participation of FDI from non-European companies. Two key data sources were used in the paper, namely Eurostat?s statistical databases and data from the Statistical Office of the Republic of Serbia.

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The nexus between FDI, external (im)balance and economic growth on Serbian real convergence path

Sekulić,

Beker-Pucar,

Glavaški

2024

EurJ Appl Econ

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The focus of this research is the nexus between foreign direct investments, FDIs, external imbalance and economic growth, in the case of Serbia in the period 2007-2024. From one side, convergence process towards more developed European economies implies fostering of economic growth i.e. real convergence, which is positively connected with FDIs inflows. From the other side, real convergence is usually accompanied with growing external imbalance i.e. current account deficit. The aim of this research is to shed more light onto these relations from the angle of national economy, under methodological framework of estimated VAR model. Empirical findings confirm that FDIs positively influence real convergence, while real convergence is connected with external imbalance deterioration. National economic authorities should continue efforts to maintain and attract FDIs as beneficial type of external capital inflows, having in mind their positive real repercussions and mediumterm external balancing. Nevertheless, essential and long-run efforts should be oriented towards resolving of chronic CA deficit, thereby increasing country's resistance to global crisis shocks and sudden stop episodes.

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Does foreign investment improve technical efficiency of manufacturing: Evidence from the Republic of Serbia

Cited by 3 publications

References 21 publications

Assessing the productivity of Serbian manufacturing industry with Malmquist DEA indices

Assessing the productivity of Serbian manufacturing industry with Malmquist DEA indices

Between geopolitics and geoeconomics - the influence of foreign direct investments (FDI) on the economy of Serbia

The nexus between FDI, external (im)balance and economic growth on Serbian real convergence path

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