Institutional Framework, Current Investments and Future Strategic Direction for Development of Construction Sector in Montenegro

Rutešić, Snežana; Ćetković, Jasmina; Knežević, Miloš; Žarković, Miloš; Vatin, Nikolai

doi:10.1016/j.proeng.2015.08.224

Cited by 3 publications

(2 citation statements)

References 14 publications

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“…The studies [14][15][16] analyzed the foreign experience of increasing the investment attractiveness of the construction industry. Ref.…”

Section: Introductionmentioning

confidence: 99%

“…Ref. [14] studied the investment potential of the construction industry in Montenegro, regarding an open market as a factor attracting an influx of foreign investments into the sector. The importance of management skills and knowledge oriented at the middle management personnel was established for cooperation with foreign investors, which indicates that the first steps towards international competitiveness have been made.…”

Section: Introductionmentioning

confidence: 99%

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Strategic map as a tool for increasing the investment attractiveness of the regional construction sector: case of the Murmansk region

2018

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A review of studies found that investments in construction have a multiple macroeconomic effect; therefore, these flows must be stimulated. However the study revealed that investments in construction in the Far North regions of Russian Federation including Murmansk region have suffered a decrease over a 20-year period, which has a negative impact on the infrastructure and the logistic system. Thus the goal of the research was to develop a strategic map for the sector's development in order to increase its investment attractiveness. The paper suggests improving the investment attractiveness on the basis of the concept of a set of regional indicators, which is easily visualized by strategic maps. The proposed strategic map for construction sector of Murmansk region consists of four components: training, development and innovation; industry and entrepreneurship; society and market; regional finances and contains the key indicators characterizing each of the components. These components and corresponding indicators allow for regional authorities formulating the strategy of the sector development and monitoring the results of the strategy implementation. * Corresponding author: avk55-spb@yandex.ru

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“…The studies [14][15][16] analyzed the foreign experience of increasing the investment attractiveness of the construction industry. Ref.…”

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%