Quest for new development model and economic policy platform for Serbia: The role of industrial policy

Djuricin, Dragan; Vuksanovic, Iva

doi:10.5937/ekopre1406229d

Cited by 8 publications

(1 citation statement)

References 12 publications

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“…Energy sector of the Republic of Serbia is seen as sector in which programs can enhance the comparative advantage of its national economy. As a sector with dominant characteristics of natural monopoly, it should pass through the programs of consolidation and efficiency improvement [4].…”

Section: Problem Backgroundmentioning

confidence: 99%

Improvement of efficiency of gas distribution sector in the Republic of Serbia: Some recommendations

Kalicanin¹,

Todorovic²,

Tubin-Mitrovic³

2015

Ekonomika preduzeca

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SažetakCilj ovog rada je istraživanje mogućnosti za unapređenje efikasnosti sektora distribucije prirodnog gasa u svrhu podsticanja konkurentosti domaćih preduzeća. Gasna distributivna mreža, kojom upravljaju operatori distributivnog sistema (ODS), predstavlja važnu kariku u lancu vrednosti u isporuci prirodnog gasa industrijskim potrošačima i domaćinstvima. Operatori su u poziciji prirodnog monopola koji je prihvatljiv sa ekonomskog i društvenog stanovišta. Zbog njihove važnosti za konkurentnost nacionalne ekonomije analizirali smo njihovu tehničku efikasnost i finansijsku situaciju. Pronašli smo da su mnoga od ovih preduzeća slabe tehničke efikasnosti i narušenog finansijskog zdravlja i investicione potentnosti. Analizirano je nekoliko mogućnosti za unapređenje ovih performansi i kao najodrživija odabrana opcija spajanja tih preduzeća u manji broj ODS. Identifikovani su i detaljno analizirani za ODS specifični izvori vrednosti koji bi se mogli aktivirati u transakcijama spajanja. Proces spajanja treba da bude iniciran od strane nacionalne vlade, ali i podržan u implementaciji od lokalne samouprave ukoliko je lokalna samouprava osnivač. Ključne reči: distribucija gasa, tehnička efikasnost, konsolidacija, merdžeri, ekonomija obima, DEA AbstractThis paper aims to investigate the possibilities for improvement of efficiency of the natural gas distribution sector in the light of supporting the competitiveness of the domestic companies. The gas distribution network operated by distribution system operators (DSOs) is an important link of the value chain in delivering natural gas to industrial consumers and households. DSOs are in a position of natural monopoly that is economically and socially acceptable. Because of their importance for the competitiveness of national economy, we analyzed their technical efficiency and financial condition. We found that many of those companies have a low level of technical efficiency and ruined financial health and investment potency. Several possibilities for improving this performance were analysed, and as the most viable seemed to be mergers of these companies into a fewer number of DSOs. The main DSO-specific sources of value that could be activated through merger transactions were identified and analysed in depth. The process of mergers should be initiated by government, and its implementation should be supported by local authorities if they founded the DSO.

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Section: Problem Backgroundmentioning

confidence: 99%

Improvement of efficiency of gas distribution sector in the Republic of Serbia: Some recommendations

Kalicanin¹,

Todorovic²,

Tubin-Mitrovic³

2015

Ekonomika preduzeca

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Comparative analysis of clusters contribution to regional competitiveness

Savić¹,

Džunić²,

Brkić³

2015

Ekonomika preduzeca

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SažetakCilj ovog rada je da se utvrdi kako klasteri doprinose regionalnoj konkurentnosti u sledećih pet zemalja Jugoistočne Evrope (u daljem tekstu G5): Mađarska, Bugarska, Grčka, Rumunija i Srbija. Kako bi testirali hipotezu da jaki klasteri doprinose regionalnoj konkurentnosti, analizirali smo povezanost između snage i specijalizacije klastera u regionima (koristeći metodologiju Evropske opservatorije za klastere − ECO) sa BDP per capita, kao pokazateljem produktivnosti. Rad se bazira na različitim statističkim podacima, uključujući Globalni izvještaj o konkurentnosti, nacionalne statističke izveštaje i metodologiju mapiranja klastera koju je razvio ECO. Naša analiza pokazuje da, u državama G5, uprkos niskom nivou razvoja klastera, postoje jaki klasteri u razvijenijim regionima, uglavnom oko velikih gradova. Takođe, pozitivna korelacija dokazuje da viši nivo specijalizacije u G5 regionima vodi ka višem nivou produktivnosti, mereno BDP per capita. U poređenju sa razvijenim zemljama EU, segmenti privrede u znanjem intenzivnim uslugama, kreativnim industrijama i naukama o životu u G5 su slabi. Ipak, u G5 postoji pozitivna korelacija između svakog od ovih segmenata i regionalnog BDPpc, što nas dovodi do zaključka da ovi segmenti mogu biti pokretači regionalnih inovacija i produktivnosti. Ključne reči: konkurentnost, klasteri, regionalni razvoj, znanjem intenzivne usluge, kreativne industrije, nauke o životu AbstractObjective of this paper is to determine how clusters contribute to regional competitiveness in the following five South-East Europe countries (hereinafter referred to as G5): Hungary, Bulgaria, Greece, Romania and Serbia. In order to test the hypothesis that strong clusters contribute to regional competitiveness we analyzed correlation between the strength and specialization of clusters in the regions (using the methodology of the European Cluster Observatory − ECO) and GDP per capita, as an indicator of productivity. The paper is based on various statistical data including Global Competitiveness Report, national statistical reports, and cluster mapping methodology developed by the ECO. Our analysis shows that, in observed G5, despite low ranks with respect to the state of cluster development, there is evidence of a strong cluster portfolio in more developed regions, mainly around the major cities. Also, determined positive correlation means that higher level of specialization in the G5 regions leads to a higher level of productivity, measured by GDPpc. Knowledge-intensive services, creative industries and life sciences segments are weak in G5, compared with developed EU countries. Nevertheless, in G5, there is a positive correlation between each of these segments and regional GDPpc, which brings us to the conclusion that they can be drivers of regional innovation and productivity.

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Digital Serbia: Economic context adjustments for double GDP

Đuričin¹,

Herceg²

2018

Ekonomika preduzeća

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specific measures to be taken today. In our previous papers we have already advocated for heterodox approach giving the framework with concrete hard macroeconomic policy regime as well as the architecture of industrial policies, both horizontal and vertical. This paper explores how policy makers can facilitate transition toward digital economy and what choices they can make to prepare for the impending wave of change. In a digital transformation, Serbia must concentrate on structural reforms based on broader adoption of ICT products and solutions in advanced manufacturing that will reconfigure value chains of industry leaders and boost productivity in tradable sectors from the real economy (manufacturing, agriculture, physical infrastructure, transport and logistics, waste management, etc.). Also, it must concentrate of high value added services (science, education, health care, programming, etc.) due to their catalyst role in dynamic economic growth. Previous logic is a base for structuring the following sections. The paper is organized in seven sections, apart from Introduction and Conclusion. We start with two main realities, the fourth industrial revolution and demising orthodox approach in economics and economic policy formulation, continue with new global normalities and heterodox approach as an antidote to crawling jobless growth around the world, and finish with fiscal balance and the role of industrial policies in the new growth model as well as with the role of digitalization in tradable sectors. Special attention is dedicated to industrial policy in ICT and its role in Serbia's economic recovery.

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Quest for new development model and economic policy platform for Serbia: The role of industrial policy

Abstract: is to confirm that in defining anti-crisis measures for late developer in delayed transition industrial policy is a common sense institutional choice with deep theoretical roots and unquestionable practical results.

Cited by 8 publications

References 12 publications

Improvement of efficiency of gas distribution sector in the Republic of Serbia: Some recommendations

Improvement of efficiency of gas distribution sector in the Republic of Serbia: Some recommendations

Comparative analysis of clusters contribution to regional competitiveness

Digital Serbia: Economic context adjustments for double GDP

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