Impact of Manufacturing Industry Performance on Economic Growth of Bosnia and Herzegovina in the pre-COVID-19 Period

In this research, our primary goal is to examine the impact of specific performance of the manufacturing industry on the economic development of Bosnia and Herzegovina. In view of the above, we examine the factors that are considered relevant and that have an impact on economic development, namely the gross domestic product of Bosnia and Herzegovina. Some specific performance of the industry can be reflected through the number of companies, the number of employees in the industry, the amount of exports, as well as investments within the manufacturing industry. The analysis is based on the collected quantitative data published in bulletins, releases and publications of statistical organizations in Bosnia and Herzegovina for the manufacturing industry over a period of five years (2015-2019). In accordance with the mentioned topic, a research model with essential variables, four independent variables (number of companies, number of employees, volume of exports within the industry) and one dependent variable (gross domestic product) were developed. This research will give us the results as well as insight into the specific performance of the processing industry that affects one of the most important indicators of economic development, that is, the gross domestic product of Bosnia and Herzegovina. The results that will emerge from this research will serve as a good basis for further research that could treat this topic with somewhat more identified variables. Also, it is expected that the results of this research will be useful to economic policy makers in Bosnia and Herzegovina, potential investors in some sectors of the manufacturing industry, but also educational institutions as generators of adequate staff.

Effects of Advertising Through Different Digital Marketing Channels on Consumer Buying Behavior in Bosnia and Herzegovina: A Research Project

Advertising today is different from what is used to be before the revelation of digital marketing channels. The ultimate switch from traditional advertising channels to digital marketing channels has seen a vast expansion, expansion that has been observed in the amount of time users spend on digital devices. We can easily say that advertising is everywhere around us today, with the help of increased usage of technology, smartphones and other electronic devices that are constant during the day-to-day basis of people’s lives. Therefore, it becomes very interesting to research and conclude whether this constant exposure of advertisements on different digital marketing channels have an effect on consumer’s buying behavior towards advertisements of products or services. The main aim of this study is to identify and explain whether through different digital marketing channels advertisements can change the attitude of people regarding products or services and there purchasing behavior from a stand point view of consumers in Bosnia and Herzegovina. To achieve this goal, the analysis of data is based on qualitative data derived from a survey as a primary form of data collection. A research model with three independent variables (social media marketing, email marketing, and mobile phone marketing) and one dependent variable (consumer buying behavior) was developed based on the literature review. The outcomes of this research are going to provide insights of what effects through online advertisement can make changes on the consumer buying behavior.

The Effect of Employer Brand on Talent Management

The main purpose of the study is to explore the need of building a successful employer brand and its effect on attracting and retaining talent in the organization in a context of high turnover and skill shortage. Critical analysis of the theoretical concepts and a historical review is made. The article gives examples how big companies build their employer brand (L’Oréal, Netflix, Salesforce). Examples are given for the Bulgarian market with companies which operate here like Southerland, SAP Labs, etc. A comparison of good practices with a well-established employer brand is made and guidelines are given for organizations in Bulgaria in which no such practices have been observed. The methods which used for gaining the information are Internet secondary data and direct observation in companies. This article will serve to the readers and employers to understand why the topic is so important these days and eventually to prevent some loses if they implement some of the good practices described in the research.

Influence of Firm-Specific Determinants on the Profitability of Companies in Agri-Food Sector in Bosnia and Herzegovina: Research Project

The main objective of the undertaken study is to examine the influence of firm-specific determinants on the profitability of companies in the agri-food sector (agricultural production and food processing) in Bosnia and Herzegovina (B&H). For this purpose, we examine the impact of factors that are considered as determinants of firm profitability such as size, age, liquidity, leverage, and growth. The impact of the specific characteristics of the companies is tested on profitability measured by return on assets (ROA) in the agricultural and food processing sector in B&H. The analysis is based on the collection of quantitative data published in the food financial annual reports of the listed agricultural and processing companies in B&H over a period of five years (2015-2019). A research model with crucial variables with five independent variables (size, age, liquidity, leverage, and growth rate) and one dependent variable (profitability) was developed based on the literature review. The study outcomes will give an insight into the firm-specific factors that are important in examining the profitability of companies in the agri-food sector in B&H. Furthermore, the results of this research will serve as a basis for further studies in which the number of variables observed will be extended. Moreover, the results are expected to be useful for the management of the company to direct business decisions towards improving the company’s profitability.

Dark Tourism in the EU: Are We Aware of Taking Part in It?

Dark tourism attractions and sites are gaining increasing attention, whereas dark tourism is considered one of the relatively recent and growing trends in the turbulent tourism market. Along with providing a theoretical framework, this paper aims to explore the tourism market of dark tourism and the motives of tourist demand. The perspectives of the population of the Republic of Croatia on dark tourism as a concept as well as the offer side of dark tourism are presented. These findings will be useful in designing and improving this kind of tourist offer, which also represents the main purpose of this paper. The research instrument was an original questionnaire. The main hypothesis of research refers to insufficient tourists’ awareness of their participation in dark tourism, which was confirmed by the carried research. The new frontier of research refers to their propensity of visit in case they would be aware of the tragic history related to a site; namely if they knew a site they visited previously is classified as a dark tourism site – would they still have chosen to visit it?

Forest Policies and Management Issues for Economic Prosperity: Non-Timber Forest Products in Nepal

Non-timber forest products are of great importance to large numbers of people whose livelihood depends for forest resources. With recognition of NTFPs contribution in livelihood and economy, many countries’ forest policies have been revised with inclusion of NTFPs development provision to certain extent. Still, most of policies including Nepal have failed to address the role NTFPs in poverty reduction. The study aims in analyzing the existing forest policies regarding non-timber forest products and the conservation and management practices being carried underlying the livelihood development of rural dwellers. Along with literature review, interview with user groups and elite persons was carried out to understand the development plan from government and community level. Herbs and NTFPs Development policy is responsible in sustainable conservation of NTFPs promoting their commercialization, still the policy reserves space for implementation. The study urges the effective role of government in NTFPs sustainable conservation and management process to promote livelihood of forest dependents.

Index of the Cycle of Money: The Case of Serbia

This paper sought to make clear how the concept of the cycle of money works in an actual case scenario like this of the economic system of Serbia. The index of the cycle of money suggests how an economic system ought to counteract an economic crisis and studies how well-structured is a country’s economy. The estimations of the index of the cycle of money of Serbia are compared with the global average index of the cycle of money. The estimations reveal that Serbia belongs to medium rate according to the average global value. Serbia results reveal that it is a fine structured economy and can face an economic crisis, with a moderate dynamic. The applied methodology based on the analysis of theory, mathematical, statistical, and econometrical results. Moreover, this is first published work for Serbia according to this theory and is part of a project that examines the cycle of money of multiple countries.

How Different Forms of Corruption Affect the Economy of Bosnia and Herzegovina: A Research Project

Corruption is globally viewed as dishonest and illegal behavioral activity that has negative influence on the overall economic and social environment. The aim of this research paper is to identify and examine effects of bribery, fraud, and favoritism on the economy of Bosnia and Herzegovina (B&H). The research was conducted on the territory of B&H including two hundred economic experts. The objective was to collect participants’ opinions and experiences with corruption and its forms. Secondary data was extracted from books, journals, articles, and web pages. The findings show that majority of the participants encountered corruption but they did not report because they were mainly afraid of the illegal consequences they may face. The most widespread corruption form in B&H is bribery and the participants emphasized some of the effects of corruption on the economy such as uneven distribution of wealth, inefficient allocation of resources, lower growth rates, unfavorable business environment, demotivation of workers, slower process towards the European Union (EU) membership, etc. I concluded that as B&H needs more time to become EU member, it loses the opportunity to establish fair and efficient trade, higher EU protection, larger budget, etc. Also, I realized that there is a high presence of corruption in B&H which does not decrease from year to year and appears in both public and private sector. This also destroys the legitimacy of the state and the quality of public services as well as the economic growth of B&H.

Rural Infrastructure and its Implication to Labor Market Participation in Jimma Zone, South-West Ethiopia

Rural economy remain the back bone of Ethiopian economy absorbing tremendous labor share while how these labor market behave in rural economy of Ethiopia is yet uncovered. Besides the appreciated role of rural access to basic infrastructure with reference to rural labor supply decision, the topic is not bold in domestic literature. Considering this inadequate attention to the topic, we tried to examine the impact of rural infrastructure provision on individual labor supply, and assess the implication with each component of rural services to household participation decision in the labor market, using household survey from Jimma zone. Our multinomial logit regression indicated that rural services like education, health, credit, market information and access to all-weather-road are important considerations with regard to individual labor supply decision in farm and off-farm activities. It would be better to enhance rural access to efficient agricultural extension as well as other basic services towards empowering rural livelihood, and ensuring economic transformation at large.