scholarly journals USING COMPARATIVE ADVANTAGE OF THE REPUBLIC OF SERBIA IN THE FUNCTION OF INCREASING THE EXPORT EFFECTS

TEME ◽  
2019 ◽  
pp. 489
Author(s):  
Vladislav Marjanovic ◽  
Maja Marjanović
Keyword(s):  
Economic Policy ◽  
Special Focus ◽  
Competitive Advantages ◽  
Export Demand ◽  
Positive Effects ◽  
Long Run ◽  
Comparative Advantages ◽  
Service Sectors ◽  
The Republic

For many years, the Republic of Serbia has had a huge problem with balance of payment, which can be seen in chronic deficit in the current balance. Small and inadequate supply and large export demand caused by structural and economic system`s problems are the main reason for such a situation. Regardless the fact that the balance on services of the Republic of Serbia has recorded permanent surplus for years (with an exception of few years when it was in deficit due to errors of economic policy) it is not able to fill in the gaps between export and import of balance on goods, which has been chronically in deficit for decades. Because of that, the future economic policy of the Republic of Serbia should be directed to long-term solutions of problems of the balance of payment, in the sense of its sustainable deficit. This means that the increase in export should be an imperative in the long run, and restructuring of the economy in the sense of increasing the share of export-propulsive sectors is a condition sine qua non.In order for effects of export to be higher and to have positive effects on the balance of payment and the competitiveness of the Republic of Serbia, all comparative advantages of the economy should be used and their shift to competitive advantages should be speeded up. In this regard, this paper will particularly analyze the “revealed comparative advantages”. We will make an attempt to identify crucial sectors and groups, which show revealed comparative advantages, with a special focus on identifying service sectors, which traditionally record surplus in the foreign trade.

scholarly journals Sector Volatility Spillover and Economic Policy Uncertainty: Evidence from China’s Stock Market

Mathematics ◽  
2021 ◽  
Vol 9 (12) ◽  
pp. 1411
Author(s):  
Xiaqing Su ◽  
Zhe Liu
Keyword(s):  
Economic Policy ◽  
Stock Market ◽  
Asset Allocation ◽  
Policy Uncertainty ◽  
Volatility Spillover ◽  
Economic Policy Uncertainty ◽  
Long Run ◽  
Transmission Structure ◽  
Long Term Impact

Following generalized variance decomposition, we identify the transmission structure of financial shock among ten sectors in China. Then, we examine whether economic policy uncertainty (EPU) affects it through GARCH-MIDAS regression. We find that consumer discretionary, industrials, and materials sectors are systemically important industries during the sample period. Further research of dynamic analysis shows that each sector acts in a time-varying role in this structure. The results of the GARCH-MIDAS regression indicate that none of the selected EPU indexes has a significant long-term impact on the total volatility spillover of the inter-sector stock market in China. However, the EPUs do affect some sectors’ spillover indexes in the long run, and they are significantly heterogeneous. This paper can provide regulatory suggestions for policymakers and reasonable asset allocation and risk avoidance methods for investors.

scholarly journals Short-term and long-term international scientific mobility of Italian PhDs: An analysis by gender

2021 ◽  
pp. 35-40
Author(s):  
Valentina Tocchioni ◽  
Alessandra Petrucci ◽  
Alessandra Minello
Keyword(s):  
Multinomial Logistic Regression ◽  
Early Career ◽  
International Mobility ◽  
Short Term ◽  
Host Countries ◽  
Academic Mobility ◽  
Positive Effects ◽  
Long Run ◽  
The Brain

In the last years, there has been a large increase in high-educated and high-skilled people’s mobility as a consequence of the internationalization and globalization, the weakening of research and university systems of sending countries (the “brain drain” process), the increase in skilled demand and improvements in higher education of host countries (the “brain gain” process). At the micro-level, academic mobility has positive consequences on occupational prospects and careers of researchers, both in the short- and long- run. Nevertheless, numerous research studies have demonstrated the challenges of engaging in international academic mobility for people with caring responsibilities, particularly women. Using Italian data on occupational conditions of PhDs collected in 2018 by Istat and modelling multinomial logistic regression analyses, we intend to verify if female researchers are associated with a lower international mobility irrespective their field of study, and the extent to which gender interacts differently in the various fields of study in affecting the probability of moving abroad after PhD qualification. Also, the distinction between long-term and short-term mobility, which has been mainly neglected in the literature concentrating on longer stays, has taken into account. In this respect, short-term mobility is a potentially high-value investment that may be pursued also by those researchers and scientists who cannot move for longer periods, such as women with caring responsibilities. In the literature, it is acknowledged that an experience abroad during early career may have positive effects on future occupational prospects. With our work, we intend to shed light on potential disparities on moving abroad that may exist among researchers in their early career by gender, and which could contribute to leave behind women in academia.

scholarly journals Natural disasters as a development opportunity: a spatial economic resilience interpretation

2020 ◽  
Vol 40 (2) ◽  
pp. 223-249
Author(s):  
Alexandru Bănică ◽  
Karima Kourtit ◽  
Peter Nijkamp
Keyword(s):  
Natural Disasters ◽  
Public Management ◽  
Empirical Test ◽  
Economic Effects ◽  
Economic Resilience ◽  
Systematic Classification ◽  
Positive Effects ◽  
Long Run ◽  
Spatial Systems

AbstractNatural disasters are usually regarded as damage factors causing high private and social costs. Notwithstanding the incontestable validity of this premise, natural disasters do not necessarily lead to a structural deprivation of the area affected. Recent studies have clearly shown that in the long run one may even observe positive socio-economic effects (‘blessings in disguise’).This paper investigates this challenging proposition by developing a risk-disaster-opportunity framework for a territorial system, and by analysing the socio-economic impacts of natural shocks from a resilience perspective. This is inter alia done by designing a typology of natural disasters, and by presenting a systematic classification of long-range impacts.An empirical test of the above proposition of positive recovery effects of natural disasters is carried out by using, in particular, long-term data from the worldwide EM-DAT database. The attention is then focussed on positive feedback loops in spatial systems that are affected by a natural perturbation. Various case studies (USA, China, Haiti, Chile, Japan) are undertaken in order to test the existence of long-term ‘blessings in disguise’ effects, using in particular the HDI-index. In various cases, such positive effects appear to exist, depending on the effectiveness of public management of natural disaster phenomena.

The Competitive Advantage of Nations 25 years – opening up new perspectives on competitiveness

2015 ◽  
Vol 25 (5) ◽  
pp. 471-481 ◽  
Author(s):  
Örjan Sölvell
Keyword(s):  
Competitive Advantage ◽  
Competitive Advantages ◽  
Content Type ◽  
Long Run ◽  
Diamond Model ◽  
New Perspective ◽  
New Research ◽  
Sustainable Competitive Advantages ◽  
Opening Up

Purpose – The purpose of this study is to analyze how The Competitive Advantage of Nations project led by Professor Michael E. Porter has opened up new perspectives on competitiveness of nations and firms for scholars, practitioners and policymakers. With the publication of The Competitive Advantage of Nations (CAON) book in 1990, Professor Michael E. Porter opened up a whole new perspective on competitiveness and clusters, including both new research avenues and new perspectives for practitioners and politicians. By questioning the traditional, more static and macroeconomic, views on competitiveness, he opened up for a new model of microeconomic drivers of long-run firm competitiveness. The new conceptual model, the Diamond model, pointed to the importance of healthy rivalry and dynamic clusters, in the proximate firm environment, as central to our understanding of how firms build sustainable competitive advantages in global markets. Design/methodology/approach – Literature review and conceptual. Findings – To distinguish between short-term, more static, and long-term, more dynamic competitiveness of firms, and the competitiveness of nations and regions, the paper proposes a conceptualization into three interrelated concepts: competitiveness and innovativeness of firms, and attractiveness of nations and regions. Originality/value – This paper summarizes 40 years of Professor Porter’s seminal research with a focus on the CAON project that began with the 1990 book on The Competitive Advantage of Nations. The paper proposes three interrelated concepts to cover issues of competitiveness: competitiveness (firm’s static advantages), innovativeness (firm’s dynamic advantages) and attractiveness (national/regional advantages).

Long-Term Effects of the Targeting the Ultra Poor Program

2021 ◽  
Vol 3 (4) ◽  
pp. 471-486
Author(s):  
Abhijit Banerjee ◽  
Esther Duflo ◽  
Garima Sharma
Keyword(s):  
Controlled Trial ◽  
Main Channel ◽  
Long Term Effects ◽  
Positive Effects ◽  
Randomized Controlled ◽  
Long Run ◽  
Asset Transfer ◽  
Wage Employment ◽  
Big Push

This paper studies the long-run effects of a “ big-push” program providing a large asset transfer to the poorest Indian households. In a randomized controlled trial that follows these households over ten years, we find positive effects on consumption (0.6 SD), food security (0.1 SD), income (0.3 SD), and health (0.2 SD). These effects grow for the first seven years following the transfer and persist until year ten. One main channel for persistence is that treated households take better advantage of opportunities to diversify into more lucrative wage employment, especially through migration. (JEL I32, I38, J22, J31, O12, O18)

scholarly journals Value and quality creation: natural resources, industrialization and standards of living in peru 1950 to 1997

1999 ◽  
pp. 69-123
Author(s):  
Santiago Roca ◽  
◽  
Luis Simabuko ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Natural Resources ◽  
Latin American ◽  
Washington Consensus ◽  
Competitive Advantages ◽  
Industrial Policies ◽  
Standards Of Living ◽  
Latin American Countries

Peru”s recent economic policy, like that of most Latin American countries! has followed the paradigm of the socalled “Washington Consensus”. Such paradigm precludes the implementation of “strategic” industrial policies as well as the active and deliberate construction of competitive advantages through measures that foster certain sectors or activities. “Washington-Consensus” thinkers hold that the “magic of the market” and its indiscriminate opening will allow countries to acquire the necessary long-term external competitiveness, promote economic growth and enhance standards of living, regardless of the country”s productive specialization.

scholarly journals Monetary policy and unemployment in the Republic of Serbia

Industrija ◽  
2020 ◽  
Vol 48 (2) ◽  
pp. 73-88
Author(s):  
Nevena Veselinović
Keyword(s):  
Monetary Policy ◽  
Unemployment Rate ◽  
Inflation Rate ◽  
Vector Error Correction ◽  
Vector Error ◽  
Vec Model ◽  
Long Run ◽  
Key Policy ◽  
The Republic

The main aim of the examination is to conclude whether monetary policy can influence the unemployment rate through the key policy rate and to analyze the fundamental linkages among inflation and unemployment in the Republic of Serbia, considering that those mentioned occurrences are major destabilizers of the developing economy. The Vector error correction model is used as the central model for inquiring the structure of the time series. From the cointegration equation of the VEC model, it can be concluded that there is no long-run equilibrium dynamic between the key policy rate and the unemployment rate in the Republic of Serbia over the period 2009M1-2019M6. Regarding the relationship between inflation and unemployment, there is a positive statistically significant effect of the inflation rate to the unemployment rate in the long-term. In the short term, results indicate that the key policy rate, as well as the inflation rate, do not cause the unemployment rate in the observed period.

scholarly journals Revitalisation of agriculture of the Republic of Serbia as a factor of economic development

2021 ◽  
Vol 3 (2) ◽  
pp. 123-132
Author(s):  
Mihailo Ćurčić ◽  
Stefan Slovak ◽  
Stevan Mitrović
Keyword(s):  
Economic Policy ◽  
Agricultural Sector ◽  
Comparative Method ◽  
National Level ◽  
The European Union ◽  
Policy Makers ◽  
Eu Member States ◽  
Comparative Advantages ◽  
The Republic ◽  
Historical Comparative

Today, in the era of industrial expansion of developing countries, the Republic of Serbia strives to maintain the required level of progress and join the European Union. On this path of transition, it is necessary to use the comparative advantages in relation to the countries of the region, but also the EU member states. Analysing the available data, it can be established that an important comparative advantage of Serbia lies in the agricultural sector. The aim of this paper is to point out the mentioned comparative advantages, primarily by using the historical-comparative method, and to provide a basis for further decision-making to economic policy makers at the regional and national level. The concept of agricultural and economic policy should be based on the complete revival of agriculture, its revitalization, financial consolidation, innovation and affirmation of the intensification of the production framework.

scholarly journals Is agriculture an engine of economic reconstruction and development in the case of the Republic of Burundi?

2021 ◽  
Vol 905 (1) ◽  
pp. 012071
Author(s):  
J B Aboyitungiye ◽  
D Prasetyani
Keyword(s):  
Economic Growth ◽  
Agricultural Development ◽  
Agricultural Sector ◽  
Arable Land ◽  
Value Added ◽  
World Population ◽  
Long Run ◽  
Ardl Approach ◽  
The Republic

Abstract Despite its importance for the economy, the agricultural sector faces many constraints that hamper its growth. With the increase in the world population and the demand for food production, farmers need to produce more with less arable land. This study used the ARDL approach to model the long-term and short-term dynamics and proposed examining the agricultural sector’s contribution to Burundi’s economic growth. Econometric estimations revealed that the gross domestic product per capita, agricultural, and exports (value-added) have long-run relationships but at different levels. The study, therefore, revealed that inflation persists in the short and long term. The consumer price of agricultural products reduces the country’s economic growth. Major adjustments in agricultural, environmental, and macroeconomic policy at national levels will have to be made to create the conditions for sustainable agricultural development.

scholarly journals INNOVATIVENESS OF BELARUSIAN ECONOMY THROUGH THE PRISM OF ITS COMPETITIVE POSITION IN INTERNATIONAL TRADE

2017 ◽  
Vol 5 ◽  
pp. 120-127 ◽  
Author(s):  
Krzysztof Falkowski
Keyword(s):  
International Trade ◽  
Foreign Trade ◽  
Innovation Policy ◽  
High Technology ◽  
Competitive Advantages ◽  
Depth Analysis ◽  
Comparative Advantages ◽  
Low Efficiency ◽  
Technological Intensity

The main purpose of this study is to answer the question of how innovative Belarusian economy is. Its innovativeness has been assessed through an in-depth analysis of Belarus’ position in international trade, especially in high- and medium-high-technology goods, on the back of the assumption that any competitive advantages possessed in them testify to the economy’s high innovativeness. The analysis of the dynamics of long-term revealed comparative advantages in Belarusian foreign trade by using Balassa’s RCA methodology and covering the years 2000-2014, has shown that the country was generally characterized by low innovativeness, as evidenced by the possession of such advantages only in trade in goods of relatively low technological intensity (medium-low technology). Meanwhile, in hi-tech goods (high and medium-high technology), Belarus did not have any (or only had relatively small) long-term revealed comparative advantages. Moreover, Belarus’ competitiveness in international trade deteriorated over that period, not only regarding high and medium-high technology goods but also in foreign trade overall. This seems to be, amongst others, the consequence of low efficiency of the country’s current innovation policy.

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