The aims of this study are to: (a) identify the most frequently used conflict management style; (b) determine the level of cohesion; and (c) examine the relationship between conflict and cohesion in interactive sports teams. The study was conducted on a sample of 205 professional sports players from interactive sports teams from Serbia (basketball, handball, water polo, volleyball, and football teams). The data was collected through the Rahim Organizational Conflict Inventory – II (ROCII – II) and the Group Environment Questionnaire (GEQ). In relation to all of the sports considered, the findings revealed high levels of all four dimensions of cohesion (Group Integration – Task, Group Integration – Social, Individual Attractions to the Group – Task, and Individual Attractions to the Group – Social). The study has shown a positive correlation between cohesion and the collaborative conflict management style, and a negative correlation between cohesion and the competing style. Cooperation proved to be the most frequently used conflict management style, and competing proved the least frequently used style in interactive sports teams.
本研究的目的是:(a)确定最常用的冲突管理方式;(b)确定凝聚力水平;(c)考察互动式体育团队中冲突与凝聚力的关系。这项研究的样本是来自塞尔维亚互动运动队(篮球队、手球队、水球队、排球队和足球队)的205名职业运动员。数据通过Rahim组织冲突量表- II (ROCII - II)和群体环境问卷(GEQ)收集。在所有考虑的运动中，研究结果揭示了凝聚力的所有四个维度(群体整合-任务，群体整合-社会，个人对群体的吸引力-任务，个人对群体的吸引力-社会)的高水平。研究发现，凝聚力与合作型冲突管理风格呈正相关，与竞争型冲突管理风格呈负相关。在互动式体育团队中，合作被证明是最常用的冲突管理方式，而竞争被证明是最不常用的冲突管理方式。
{"title":"INTRAGROUP CONFLICT AND COHESION IN INTERACTIVE SPORTS TEAMS","authors":"Gordana Dobrijević, Slavko Alčaković","doi":"10.22190/teme210623004d","DOIUrl":"https://doi.org/10.22190/teme210623004d","url":null,"abstract":"The aims of this study are to: (a) identify the most frequently used conflict management style; (b) determine the level of cohesion; and (c) examine the relationship between conflict and cohesion in interactive sports teams. The study was conducted on a sample of 205 professional sports players from interactive sports teams from Serbia (basketball, handball, water polo, volleyball, and football teams). The data was collected through the Rahim Organizational Conflict Inventory – II (ROCII – II) and the Group Environment Questionnaire (GEQ). In relation to all of the sports considered, the findings revealed high levels of all four dimensions of cohesion (Group Integration – Task, Group Integration – Social, Individual Attractions to the Group – Task, and Individual Attractions to the Group – Social). The study has shown a positive correlation between cohesion and the collaborative conflict management style, and a negative correlation between cohesion and the competing style. Cooperation proved to be the most frequently used conflict management style, and competing proved the least frequently used style in interactive sports teams.","PeriodicalId":31832,"journal":{"name":"Teme","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135602030","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The global COVID-19 pandemic has shaken the global economy, not sparing the cryptocurrency market. In this paper, we investigate the impact of the COVID-19 pandemic on the dynamics of log returns of the Ethereum. The observed period is divided into three parts: the pre-pandemic period, the pandemic-induced shock, and the period after the pandemic-induced shock on the cryptocurrency market. The research focuses on the impact of the pandemic on the degree of non-linearity and multifractality of log returns. To assess the degree of non-linearity, we used the BDS test and the value of the largest Lyapunov exponent. For multifractality, long-range correlations and information efficiency, we used MF-DFA (Multifractal Detrended Fluctuation Analysis). The research results show that all observed periods have a pronounced non-linearity, but that there is no evidence of the existence of low-dimension chaos. Also, based on the results of the MF-DFA analysis, we conclude that the COVID-19 pandemic has significantly affected the long memory of the log returns of the Ethereum; however, their dynamics and characteristics are returning to the trends present before the pandemic.
{"title":"THE EFFECTS OF COVID-19 ON MULTIFRACTALITY AND LONG-MEMORY IN ETHEREUM’S RETURNS","authors":"Jelena Radojičić, O. Radović","doi":"10.22190/teme221228014r","DOIUrl":"https://doi.org/10.22190/teme221228014r","url":null,"abstract":"The global COVID-19 pandemic has shaken the global economy, not sparing the cryptocurrency market. In this paper, we investigate the impact of the COVID-19 pandemic on the dynamics of log returns of the Ethereum. The observed period is divided into three parts: the pre-pandemic period, the pandemic-induced shock, and the period after the pandemic-induced shock on the cryptocurrency market. The research focuses on the impact of the pandemic on the degree of non-linearity and multifractality of log returns. To assess the degree of non-linearity, we used the BDS test and the value of the largest Lyapunov exponent. For multifractality, long-range correlations and information efficiency, we used MF-DFA (Multifractal Detrended Fluctuation Analysis). The research results show that all observed periods have a pronounced non-linearity, but that there is no evidence of the existence of low-dimension chaos. Also, based on the results of the MF-DFA analysis, we conclude that the COVID-19 pandemic has significantly affected the long memory of the log returns of the Ethereum; however, their dynamics and characteristics are returning to the trends present before the pandemic.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42816966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Marjanović, Rastko S. Marković, N. Tomić, Ninoslav Golubović, Zlatko Langović, A. Radivojević
The promotion of fortified towns, as Serbia’s significant cultural heritage, represents a major element of tourism development. The main goals of this paper are to highlight the tourism potential of fortifications in Serbia and to investigate the prospect of creating a cultural route of fortified towns. The route is comprised of six fortresses. This article applies CREM (Cultural Route Evaluation Model) to assess the tourism potential of fortified towns and the possibility of linking them in a thematic route. The CREM model provided principal information about the possibilities of developing cultural routes, and details about the sites’ requirements. Furthermore, it identified the main areas in need of improvement at each fortress to be visited by a substantial number of tourists in the upcoming period.
{"title":"THE POSSIBILITY OF PROMOTING THE CULTURAL HERITAGE OF SERBIA THROUGH A CULTURAL ROUTE OF FORTIFIED TOWNS","authors":"M. Marjanović, Rastko S. Marković, N. Tomić, Ninoslav Golubović, Zlatko Langović, A. Radivojević","doi":"10.22190/teme220303001m","DOIUrl":"https://doi.org/10.22190/teme220303001m","url":null,"abstract":"The promotion of fortified towns, as Serbia’s significant cultural heritage, represents a major element of tourism development. The main goals of this paper are to highlight the tourism potential of fortifications in Serbia and to investigate the prospect of creating a cultural route of fortified towns. The route is comprised of six fortresses. This article applies CREM (Cultural Route Evaluation Model) to assess the tourism potential of fortified towns and the possibility of linking them in a thematic route. The CREM model provided principal information about the possibilities of developing cultural routes, and details about the sites’ requirements. Furthermore, it identified the main areas in need of improvement at each fortress to be visited by a substantial number of tourists in the upcoming period.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42054723","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The turbulent business environement acknowledges innovativeness and learning as dominant success factors of modern business organizations. The differences in their innovativeness can be explained by the ownership structure, as an internal mechanism of corporate governance, with significant attention being paid to the ownership type. The paper seeks to identify potential differences in innovativeness and learning orientation among companies from the aspect of domestic and foreign ownership. The research sample consists of 71 companies operating in the territory of the Republic of Serbia. Primary data were collected by the survey method. An appropriate quantitative methodology was implemented in this empirical research. and analyzed with non – parametric Mann – Whitney U test. The results obtained revealed statistically significant differences in the level of innovation and learning orientation between domestically and foreign – owned companies. The originality of the research is reflected in the analysis of individual innovation dimensions, from the ownership type aspect, including product or service innovations, process and organizational innovations. By studying the link between learning orientation and type of ownership, the paper fills the identified research gap in the existing literature.
{"title":"DOES OWNERSHIP TYPE MATTER FOR INNOVATIVENESS AND LEARNING ORIENTATION? EMPIRICAL EVIDENCE FROM SERBIA","authors":"J. Nikolić, M. Mirić, Dejana Zlatanović","doi":"10.22190/teme211001052n","DOIUrl":"https://doi.org/10.22190/teme211001052n","url":null,"abstract":"The turbulent business environement acknowledges innovativeness and learning as dominant success factors of modern business organizations. The differences in their innovativeness can be explained by the ownership structure, as an internal mechanism of corporate governance, with significant attention being paid to the ownership type. The paper seeks to identify potential differences in innovativeness and learning orientation among companies from the aspect of domestic and foreign ownership. The research sample consists of 71 companies operating in the territory of the Republic of Serbia. Primary data were collected by the survey method. An appropriate quantitative methodology was implemented in this empirical research. and analyzed with non – parametric Mann – Whitney U test. The results obtained revealed statistically significant differences in the level of innovation and learning orientation between domestically and foreign – owned companies. The originality of the research is reflected in the analysis of individual innovation dimensions, from the ownership type aspect, including product or service innovations, process and organizational innovations. By studying the link between learning orientation and type of ownership, the paper fills the identified research gap in the existing literature.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46053090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Judging by the number of travellers, tourism underwent a massive expansion during the second half of the 20th century. The expansion that tourism experienced in the second half of the 20th century continued during the 21st century, with the exception of the periods of the 2008 economic crisis, and the current health crisis (COVID-19 pandemic). In accordance with the aforementioned, it can be pointed out that tourism was in constant progression and development until the crisis, that it was ‘the world’s leading industry’, and that its impact on the process of socio-economic development was continuously growing and intensifying. With this in mind, the aim of this paper is to examine the characteristics and dynamics of the growth of international tourism before, during and after the economic crisis of 2008, as well as during the current health crisis (COVID-19 pandemic), based on relevant macroeconomic indicators. The results of the analysis confirm the well-known facts that tourism is not only very sensitive to crises but also that it is a highly flexible sector that adjusts and resumes the growth of traffic very quickly following the end of a crisis.
{"title":"INTERNATIONAL TOURISM: THE CHARACTERISTICS AND DYNAMICS OF GROWTH IN CONDITIONS OF CRISIS","authors":"Živorad Gligorijević, Ivana Kostadinović","doi":"10.22190/teme210826050g","DOIUrl":"https://doi.org/10.22190/teme210826050g","url":null,"abstract":"Judging by the number of travellers, tourism underwent a massive expansion during the second half of the 20th century. The expansion that tourism experienced in the second half of the 20th century continued during the 21st century, with the exception of the periods of the 2008 economic crisis, and the current health crisis (COVID-19 pandemic). In accordance with the aforementioned, it can be pointed out that tourism was in constant progression and development until the crisis, that it was ‘the world’s leading industry’, and that its impact on the process of socio-economic development was continuously growing and intensifying. With this in mind, the aim of this paper is to examine the characteristics and dynamics of the growth of international tourism before, during and after the economic crisis of 2008, as well as during the current health crisis (COVID-19 pandemic), based on relevant macroeconomic indicators. The results of the analysis confirm the well-known facts that tourism is not only very sensitive to crises but also that it is a highly flexible sector that adjusts and resumes the growth of traffic very quickly following the end of a crisis.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42776595","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Maja Strugar Jelača, Nemanja Berber, Maja Ivanović Đukić, Slobodan Marić, Marijana Rodić
The primary purpose of this research paper is to present an empirical study framed by the Situational Leadership Theory, also referred to as the Hersey-Blanchard Model, which states that people-oriented leadership behaviours, which include more employee participation, are positively related to contextual performance. The data used in this research was collected through a combination of two quantitative instruments aimed at determining the relative contribution that the independent variables (leadership style) make to the dependent variables (contextual performance). The main method used in this research is hierarchical regression analysis. The research results revealed that people-oriented leadership behaviours with more employee participation (dominant delegating leadership style) have a positive and significant relationship with contextual performance. In terms of practice, this paper may enable organisations to understand the need for an adequate leadership style that ensures greater employee commitment and employee readiness to make additional efforts, which are beyond the job description. In terms of originality and value, along with previous research in this area, this paper enables future research and contributes to a better understanding of the impact of an adequate leadership style, as a predictor variable, on contextual performance, as dependent variables.
{"title":"THE IMPACT OF LEADERSHIP STYLE ON CONTEXTUAL PERFORMANCE: EVIDENCE FROM SERBIA","authors":"Maja Strugar Jelača, Nemanja Berber, Maja Ivanović Đukić, Slobodan Marić, Marijana Rodić","doi":"10.22190/teme211001051s","DOIUrl":"https://doi.org/10.22190/teme211001051s","url":null,"abstract":"The primary purpose of this research paper is to present an empirical study framed by the Situational Leadership Theory, also referred to as the Hersey-Blanchard Model, which states that people-oriented leadership behaviours, which include more employee participation, are positively related to contextual performance. The data used in this research was collected through a combination of two quantitative instruments aimed at determining the relative contribution that the independent variables (leadership style) make to the dependent variables (contextual performance). The main method used in this research is hierarchical regression analysis. The research results revealed that people-oriented leadership behaviours with more employee participation (dominant delegating leadership style) have a positive and significant relationship with contextual performance. In terms of practice, this paper may enable organisations to understand the need for an adequate leadership style that ensures greater employee commitment and employee readiness to make additional efforts, which are beyond the job description. In terms of originality and value, along with previous research in this area, this paper enables future research and contributes to a better understanding of the impact of an adequate leadership style, as a predictor variable, on contextual performance, as dependent variables.","PeriodicalId":31832,"journal":{"name":"Teme","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41346085","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The subject of this paper is the behaviour of consumers in relation to travel planning during the COVID-19 pandemic. The aim of this paper is to examine and understand the behaviour of travellers during the pandemic. Theoretically, the paper relies on the results of previous research on the impact of health crises on tourism and consumer behaviour. The specificity of this work is reflected in the respondents, belonging to Generation Y (Millennials) and Generation Z, which took part in this empirical research. This paper examines the respondents’ intentions in planning a vacation during the pandemic, as well as the degree to which fear affects travel planning abroad. The results of this empirical research, conducted in the Republic of Serbia in May 2021, prove that a significant percentage of Generation Y and Generation Z travelled during the pandemic, prior to May 2021 (25% abroad, 56% in Serbia), and that they plan to travel both in Serbia (64%) and abroad (74%) in the near future.
{"title":"CONSUMER BEHAVIOUR IN TOURISM DURING THE COVID-19 PANDEMIC","authors":"K. Perčić, Nada Spasić","doi":"10.22190/teme210707051p","DOIUrl":"https://doi.org/10.22190/teme210707051p","url":null,"abstract":"The subject of this paper is the behaviour of consumers in relation to travel planning during the COVID-19 pandemic. The aim of this paper is to examine and understand the behaviour of travellers during the pandemic. Theoretically, the paper relies on the results of previous research on the impact of health crises on tourism and consumer behaviour. The specificity of this work is reflected in the respondents, belonging to Generation Y (Millennials) and Generation Z, which took part in this empirical research. This paper examines the respondents’ intentions in planning a vacation during the pandemic, as well as the degree to which fear affects travel planning abroad. The results of this empirical research, conducted in the Republic of Serbia in May 2021, prove that a significant percentage of Generation Y and Generation Z travelled during the pandemic, prior to May 2021 (25% abroad, 56% in Serbia), and that they plan to travel both in Serbia (64%) and abroad (74%) in the near future.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42290191","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Ivana Tasić Mitić, Aleksandar Stojadinović, Ana Spasić Stošić
This paper discusses the possibility of teaching prose literary texts in the first cycle of primary education using individualized instruction in order to highlight its effectiveness in helping students grasp this type of learning content. The conducted experimental research aimed to examine how the application of individualized teaching to the process of teaching prose literary works in the lower grades of primary school contributes to their more complete understanding. The results obtained have shown that the experimental group, which learned the planned teaching units by using the individualized instruction approach achieved significantly better results compared to the control group, which worked in the usual way.
{"title":"THE EFFECTS OF THE APPLICATION OF INDIVIDUALIZED INSTRUCTION IN TEACHING PROSE TEXTS","authors":"Ivana Tasić Mitić, Aleksandar Stojadinović, Ana Spasić Stošić","doi":"10.22190/teme210416046t","DOIUrl":"https://doi.org/10.22190/teme210416046t","url":null,"abstract":"This paper discusses the possibility of teaching prose literary texts in the first cycle of primary education using individualized instruction in order to highlight its effectiveness in helping students grasp this type of learning content. The conducted experimental research aimed to examine how the application of individualized teaching to the process of teaching prose literary works in the lower grades of primary school contributes to their more complete understanding. The results obtained have shown that the experimental group, which learned the planned teaching units by using the individualized instruction approach achieved significantly better results compared to the control group, which worked in the usual way.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43955141","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The aim of this paper is to investigate the determinants relevant to the identity of family enterprises from the perspective of their owners, in order to determine the differences in perspective according to gender, and to point out their social role. To this end, small and medium-sized family-owned enterprises operating in Serbia were observed. The focus was on determining their identity and the wider (social) role they play. It has been established that there are significant differences in certain attitudes of the owners of small and medium-sized enterprises stemming from a difference in their genders, which affects their identities and the positioning of the role they play in society.
{"title":"THE IDENTITY OF FAMILY FIRMS FROM THE PERSPECTIVE OF OWNERS ACCORDING TO THE GENDER CRITERION AND THEIR SOCIAL ROLE","authors":"Srđan Milašinović, Snežana Knežević, G. Milošević","doi":"10.22190/teme221109056m","DOIUrl":"https://doi.org/10.22190/teme221109056m","url":null,"abstract":"The aim of this paper is to investigate the determinants relevant to the identity of family enterprises from the perspective of their owners, in order to determine the differences in perspective according to gender, and to point out their social role. To this end, small and medium-sized family-owned enterprises operating in Serbia were observed. The focus was on determining their identity and the wider (social) role they play. It has been established that there are significant differences in certain attitudes of the owners of small and medium-sized enterprises stemming from a difference in their genders, which affects their identities and the positioning of the role they play in society.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45365844","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Given the developments in economic theory so far, the European Union (EU) accession process is believed to bring significant benefits to newcomers, especially in terms of fostering their economic growth, which is induced by abolishing import tariffs and other trade barriers, intensifying trade flows and ensuring a more efficient usage of resources. Although empirical evidence on these correlations is mixed, many in the new EU member states and in candidate countries hope that EU membership will pave the way towards their economic prosperity, which would ensure a meaningful reduction in the income gap between new and old EU members. Accordingly, trade liberalisation, which implies lower transaction costs, increased specialisation, scale economy, and competitive pressures, has become a priority, especially for the accessing economies which are traditionally less open in comparison to the economies which first joined the EU. This study aims to assess the impact of trade openness, measured through the dynamics of exports and imports, on the economic growth of the last three member countries to join the EU (Romania, Bulgaria and Croatia) by employing panel data for the period before and after their accession (1997-2017). The results of the study confirm the expansion of the sample countries’ trade flows after the accession, as well as a positive correlation between the dynamics of trade flows and gross domestic product (GDP) growth. Still, it can be concluded that the exploitation of the positive effects of trade openness is conditioned by the level of the countries’ pre-accession economic progress and other determining variables.
{"title":"TRADE OPENESS FUNCTIONING TO PROMOTE ECONOMIC PROSPECTS: AN ANALYSIS OF THE NEW EU MEMBER STATES","authors":"J. Dimovski, V. Radivojevic, Gabrijela Mitić","doi":"10.22190/teme210423047d","DOIUrl":"https://doi.org/10.22190/teme210423047d","url":null,"abstract":"Given the developments in economic theory so far, the European Union (EU) accession process is believed to bring significant benefits to newcomers, especially in terms of fostering their economic growth, which is induced by abolishing import tariffs and other trade barriers, intensifying trade flows and ensuring a more efficient usage of resources. Although empirical evidence on these correlations is mixed, many in the new EU member states and in candidate countries hope that EU membership will pave the way towards their economic prosperity, which would ensure a meaningful reduction in the income gap between new and old EU members. Accordingly, trade liberalisation, which implies lower transaction costs, increased specialisation, scale economy, and competitive pressures, has become a priority, especially for the accessing economies which are traditionally less open in comparison to the economies which first joined the EU. This study aims to assess the impact of trade openness, measured through the dynamics of exports and imports, on the economic growth of the last three member countries to join the EU (Romania, Bulgaria and Croatia) by employing panel data for the period before and after their accession (1997-2017). The results of the study confirm the expansion of the sample countries’ trade flows after the accession, as well as a positive correlation between the dynamics of trade flows and gross domestic product (GDP) growth. Still, it can be concluded that the exploitation of the positive effects of trade openness is conditioned by the level of the countries’ pre-accession economic progress and other determining variables.","PeriodicalId":31832,"journal":{"name":"Teme","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44038200","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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