https://scidar.kg.ac.rs/handle/123456789/8208 2026-03-12T15:49:30Z 2026-03-12T15:49:30Z Despotović, Danijela Veselinović, Petar Stevanović, Saša https://scidar.kg.ac.rs/handle/123456789/22883 2025-12-31T03:01:56Z 2025-01-01T00:00:00Z

Title: INSTITUCIONALNI KVALITET I EKONOMSKI RAST U EVROPSKOJ UNIJI I ZEMLJAMA ZAPADNOG BALKANA Authors: Despotović, Danijela; Veselinović, Petar; Stevanović, Saša Abstract: Institutional quality represents a key factor of economic growth and European integration. This study empirically analyzes the impact of institutional quality on economic growth in the European Union (EU) member states and Western Balkan countries in the period 1996–2023, using data from the Worldwide Governance Indicators (WGI) database of the World Bank. The analysis encompasses 27 EU member states, including those that joined during the enlargement in 2004, 2007, and 2013, as well as the United Kingdom, which exited the EU in 2020. Additionally, the study incorporates Western Balkan countries – Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia – which are at various stages of the European integration process. The methodological framework is based on linear and exponential regression analysis, examining the interdependence between institutional factors and GDP per capita growth. The findings indicate that improvements in institutional quality significantly contribute to economic growth, with the strongest effects observed in countries that have implemented extensive institutional reforms as part of their EU accession preparations. While the positive impact of institutional quality is also evident in the most developed EU member states, it is particularly pronounced in countries that joined after 2004. The greatest potential for economic growth through the improvement of institutional quality has been identified in the countries of the Western Balkans, where reforms still play a key role in the process of European integration.

2025-01-01T00:00:00Z Stojmenović, Marija https://scidar.kg.ac.rs/handle/123456789/22707 2025-12-02T03:01:09Z 2025-01-01T00:00:00Z

Title: UTICAJ IZVOZA VISOKOTEHNOLOŠKIH PROIZVODA NA EKONOMSKI RAST REPUBLIKE SRBIJE Authors: Stojmenović, Marija Abstract: Innovation capacity can be defined as the ability of a national economy to produce and commercialize the flow of innovations, i.e. it represents the potential of the national economy to produce goods and services based on the creation of new skills and knowledge. It also represents one of the key determinants of economic prosperity, growth and development of the national economy, influencing the creation of competitive advantage. Accordingly, the aim of this paper is to analyze the impact of exports of high-tech domestic products on economic growth measured by gross domestic product per capita of the Republic of Serbia. The World Bank international database was used as the main source of data, the time period covered by this research from 2008 to 2023. The analysis applied a simple linear regression model to determine the relationship between exports of high-tech products and gross domestic product per capita. The research results in this paper show that there is a positive impact of exports of high-tech products on gross domestic product per capita of the Republic of Serbia.

2025-01-01T00:00:00Z Marinković, Veljko Marić, Dražen Vidosavljević, Julija M. https://scidar.kg.ac.rs/handle/123456789/22706 2025-12-02T03:01:05Z 2025-01-01T00:00:00Z

Title: KOMPARATIVNA ANALIZA POTROŠAĈKIH SEGMENATA U POGLEDU KORIŠĆENJA ONLAJN KUPOVINE Authors: Marinković, Veljko; Marić, Dražen; Vidosavljević, Julija M. Abstract: The development of the internet and digital platforms has enabled the rapid expansion of e-commerce, which is becoming a key channel for connecting sellers and consumers worldwide. E-commerce represents a dynamic form of trade that enables the buying and selling of goods and services over the Internet, transforming traditional consumer behavior patterns. The increasing prevalence of modern technologies in everyday life highlights the need for a deeper understanding of the factors that influence the adoption and use of digital shopping channels. Considering the widespread use of modern technologies, this paper aims to examine and compare the behavior of different consumer segments regarding online shopping. Unified Theory of Acceptance and Usage of Technology (UTAUT) was a theoretical basis of the empirical research in this study. Data analysis employed the independent samples t test (based on gender and age) and the paired sample t test. The results indicate that there are significant differences between the attitudes of respondents segmented according to the specified criteria. Women demonstrated a higher level of agreement with statements related to the perceived ease of use and usefulness of e-commerce, while younger respondents exhibited a higher level of positive attitudes and intention for future use. The findings contribute to a better understanding of the factors shaping consumer behavior in a digital environment and can serve as a basis for developing targeted marketing strategies to enhance the user experience.

2025-01-01T00:00:00Z Čakajac, Božidar Janković, Nenad https://scidar.kg.ac.rs/handle/123456789/22705 2025-12-02T03:02:38Z 2025-01-01T00:00:00Z

Title: PLATNOBILANSNA POLITIKA REPUBLIKE SRBIJE U NOVOM MILENIJUMU: IZAZOVI, MOGUĆNOSTI I OGRANIĈENJA Authors: Čakajac, Božidar; Janković, Nenad Abstract: For open market economies, balance of payments policy represents one of the most significant segments of economic policy and, at the same time, a representative indicator of its effectiveness. Therefore, the efficiency of the balance of payments policy depends on its alignment with broader macroeconomic goals, as well as on the ability to adapt to global economic trends. The essence of successfully conducting balance of payments policy is based on establishing external balance, whereby this task is considerably more delicate in countries with chronic balance of payments deficits, as is the case with the Republic of Serbia. In line with the above, the subject of this paper is the evaluation of the balance of payments policy of the Republic of Serbia in the new millennium. The research results suggest that the chosen model of balance of payments policy in the Republic of Serbia, which relies on financing the balance of payments deficit, is unsustainable in the long run, since its application does not eliminate the fundamental causes of external imbalance. At the same time, the paper points out the key challenges in conducting balance of payments policy in the coming period in the event of lower inflows of foreign capital and personal transfers.

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