Social Environment as a Factor of Capital Investment in Serbia

Marjanović, Darko; Domazet, Ivana; Vukmirović, Valentina

doi:10.1080/00128775.2022.2048181

Cited by 10 publications

(4 citation statements)

References 38 publications

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“…Serbia received more than 48 billion dollars in foreign exchange during the transitional era. When looking at all Southeast Europe's nations, Serbia comes in second to Bulgaria ($59 billion) in foreign exchange inflows (Marjanović, Domazet, and Vukmirović 2022). The main cause of China's increasing economic influence in Serbia is the August 2009 signing between the governments of Serbia and China of the Agreement on Economic and Technical Cooperation in the Field of Infrastructure, which is regarded as a crucial agreement that sets the groundwork for future cooperation between the two nations (Stojanović, Jovičić, and Stanisavljević 2022).…”

Section: Literature Reviewmentioning

confidence: 99%

The Contemporary Development of Serbia-China and Serbia-Russia Relations: Is This the Opportune Moment for Economic Cooperation Expansion?

Jovičić,

Marjanović

2024

The Review of International Affairs

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Considering the increased presence of China and Russia at all levels, including the deepening economic cooperation between the two countries and Serbia, the main purpose of this thesis is to examine the dynamics and structure of trade in goods and foreign direct investment between Serbia and the Russian Federation and Serbia and China. The analysis was conducted on the basis of secondary data from the National Bank of the Republic of Serbia and the China Global Investments Tracker (the data on investments), as well as the Trade Map database of the International Trade Centre (the data on trade in goods). The period covered by this research is from 2013 to 2022 (including 2023, when data was available). The research results show that the intensification of economic relations has occurred mainly in the last five years, when investments between Serbia and China, as well as Serbia and Russia, have increased, simultaneously boosting bilateral trade development. China, however, has emerged as Serbia's more significant economic partner than Russia. China became a leader in foreign direct investment for Serbia and remained the second-most important trading partner. Despite the growing trends, Serbia's economic relations with both sides remain far below their potential and face particular challenges, such as severely under-diversified Serbian exports, dependence on Russian energy imports, a widening trade deficit, favouritism towards certain sectors and industries in investments, nontransparent procedures and regulations, etc.

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Section: Literature Reviewmentioning

confidence: 99%

The Contemporary Development of Serbia-China and Serbia-Russia Relations: Is This the Opportune Moment for Economic Cooperation Expansion?

Jovičić,

Marjanović

2024

The Review of International Affairs

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“…A robust and effective legislative system plays a pivotal role in shaping the attractiveness of a nation for capital investments (Paul & Jadhav, 2020). A well-functioning, impartial, and transparent legislative framework that incorporates effective governance and upholds the effective rule of law is fundamental in cultivating an environment conducive to investment and in drawing in capital resources (Marjanović et al, 2022;Alfalih & Bel Hadj, 2020;Bailey, 2018;Dauti, 2015). Countries that boast efficient governance and adherence to the rule of law can significantly reduce trade costs and thereby create a conducive business environment, which is indispensable for the attraction of FDI (Carril-Caccia et al, 2019;Peres et al, 2018).…”

Section: Literature Reviewmentioning

confidence: 99%

Legal environment as a factor in the inflow of Foreign Direct Investment: Case of Serbia

Marjanović,

Domazet,

Vukmirović

2024

JEECAR

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The economic growth and development of a country depend on the inflow of foreign direct investment, and the legal environment factors play an important role in securing it. Compared to other countries in South-Eastern Europe, Serbia has achieved remarkable results in terms of FDI inflows over the last ten years. The research examines the impact of the legal environment on FDI inflows in Serbia. The study was conducted using a quantitative approach and a survey technique based on a structured questionnaire. The basic set of the research consists of the 300 most prominent foreign investors (response rate of 28%) who invested capital in Serbia in the period 2011-2019. The results of the conducted research show that ownership in Serbian companies is the most important factor in the legal environment that influences a foreign investor's decision to invest capital in these companies. The results show that labor legislation, law enforcement, and confidence in the legal system can significantly contribute to a foreign investor's decision to invest capital in Serbia. The legal environment's implications influence investor decisions and shape the overall investment climate of a country. A well-structured and investor-friendly legal framework will increase Serbia's competitiveness and attractiveness for foreign investments.

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“…Characteristics of foreign investors in the Republic of SerbiaDarko Marjanović, Ivana Domazet and Valentina Vukmirović 2022. …”

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confidence: 99%

“…Analysis of the political environment factors depending on the amount of investment in SerbiaDarko Marjanović, Ivana Domazet and Valentina Vukmirović 2022. …”

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confidence: 99%

Political environment as a factor of foreign investment in Serbia

Domazet¹,

Marjanović²,

Lazić³

2023

Srpska politička misao

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The purpose of the paper is to research the influence of political environment factors on the inflow of foreign investments in Serbia. Keeping in mind that many countries in Southeast Europe find themselves in a situation where foreign investments are a necessity and a need for whole economic development, this research focused on Serbia owing to its results in foreign investment attraction during a transition period. Primary data collected using a survey technique on 88 foreign companies that invested in Serbia from 2001 to 2019 were analysed using a quantitative methodology (ANOVA and t-test). The results indicate that the stability of the government and the rule of law are the most important conditions for foreign investors in Serbia. This research's originality is reflected in the primary data and research results obtained.

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Social Environment as a Factor of Capital Investment in Serbia

Cited by 10 publications

References 38 publications

The Contemporary Development of Serbia-China and Serbia-Russia Relations: Is This the Opportune Moment for Economic Cooperation Expansion?

The Contemporary Development of Serbia-China and Serbia-Russia Relations: Is This the Opportune Moment for Economic Cooperation Expansion?

Legal environment as a factor in the inflow of Foreign Direct Investment: Case of Serbia

Political environment as a factor of foreign investment in Serbia

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