Pub Date : 2022-01-01DOI: 10.5937/ekonomika2204043g
Dušan Garabinović, S. Anđelić, Miloš Papić
Modern means of tourism promotion have become difficult to imagine without the Internet usage. As one of the oldest forms of presentation on the Internet, a website still plays an important role that should not be neglected. In this paper, website is considered as the basis for establishing better promotional activities of the existing dental institutions in health tourism, or dental tourism, to be more specific. Health tourism is one of the potentials for tourism development in the Republic of Serbia, although not exploited in its full potential. The aim of this paper is to contribute to the dental tourism institutions marketing management practice overview in Serbia, indicating the situation in online presence of health institutions highlighted by the Ministry of Health of the Republic of Serbia. Forty dental institutions were analysed from the point of the official website existence as well as their structural and content characteristics.
{"title":"Website promotion of dental institutions: An example of Serbia as a dental tourism destination","authors":"Dušan Garabinović, S. Anđelić, Miloš Papić","doi":"10.5937/ekonomika2204043g","DOIUrl":"https://doi.org/10.5937/ekonomika2204043g","url":null,"abstract":"Modern means of tourism promotion have become difficult to imagine without the Internet usage. As one of the oldest forms of presentation on the Internet, a website still plays an important role that should not be neglected. In this paper, website is considered as the basis for establishing better promotional activities of the existing dental institutions in health tourism, or dental tourism, to be more specific. Health tourism is one of the potentials for tourism development in the Republic of Serbia, although not exploited in its full potential. The aim of this paper is to contribute to the dental tourism institutions marketing management practice overview in Serbia, indicating the situation in online presence of health institutions highlighted by the Ministry of Health of the Republic of Serbia. Forty dental institutions were analysed from the point of the official website existence as well as their structural and content characteristics.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211471","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2203091k
N. Kljaić, P. Vuković, S. Arsić
Fruit production has great importance for the Serbian economy, especially the production of berries, where the production of raspberries can be highlighted. Investments in raising raspberry plantations are relatively high, but the invested funds return quickly, given that raspberry fruits have a high market value in both domestic and foreign markets, so the economic risk that accompanies production is much lower than for large fruits. Due to the high value of production on a small area and due to the high position that raspberries have in the total market value, the interest of producers to raise larger areas under raspberry plantations is increasingly pronounced, and therefore its production is constantly increasing. Accordingly, the paper presents the volume of raspberry production in our country for the last ten years (period 2011-2020), trade and foreign trade with other countries, sales and purchase, as well as problems in the market of raspberry purchase in our country.
{"title":"Raspberry production, trade and market in the Republic of Serbia","authors":"N. Kljaić, P. Vuković, S. Arsić","doi":"10.5937/ekonomika2203091k","DOIUrl":"https://doi.org/10.5937/ekonomika2203091k","url":null,"abstract":"Fruit production has great importance for the Serbian economy, especially the production of berries, where the production of raspberries can be highlighted. Investments in raising raspberry plantations are relatively high, but the invested funds return quickly, given that raspberry fruits have a high market value in both domestic and foreign markets, so the economic risk that accompanies production is much lower than for large fruits. Due to the high value of production on a small area and due to the high position that raspberries have in the total market value, the interest of producers to raise larger areas under raspberry plantations is increasingly pronounced, and therefore its production is constantly increasing. Accordingly, the paper presents the volume of raspberry production in our country for the last ten years (period 2011-2020), trade and foreign trade with other countries, sales and purchase, as well as problems in the market of raspberry purchase in our country.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211830","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2201031k
J. Končar, S. Vučenović, Radenko Marić
This paper investigated the role and importance of e-retailing in traditional marketing channels in the selected countries of the Danube region. The main aim of the research was to highlight the economic benefits of e-retailing in traditional retail institutions analyzing the revenue from the sale of e-retailing in traditional retailers' business and representation of e-retailing "click and brick" in the group of largest e-retailers. The core idea of this paper was to empirically evaluate if the e-retailing implementation is in correlation with business profit, origin and specific form of a retailer. In this context, the study was conducted using the volume of sales revenue, the origin of retailer and form of the retail outlet, as independent variables based on which a volume of e-retailing presence as the dependent variable is evaluated. This study eliminates retailer's sales revenue as a statistically significant indicator which influences the implementation of e-retailing. On the other hand, the findings show that foreign retailers significantly less likely to implement e-retailing than domestic retailers when analyzing all countries in the region. When it comes to retailing formats, results suggest that retailers with retail format shopping centres and kiosks don't have e-retailing. All remaining retail formats have e-retailing. This paper formulates practical suggestions for further using of e-retailing in Danube region countries' marketing channels.
{"title":"Analysis of e-retailing in Danube region countries","authors":"J. Končar, S. Vučenović, Radenko Marić","doi":"10.5937/ekonomika2201031k","DOIUrl":"https://doi.org/10.5937/ekonomika2201031k","url":null,"abstract":"This paper investigated the role and importance of e-retailing in traditional marketing channels in the selected countries of the Danube region. The main aim of the research was to highlight the economic benefits of e-retailing in traditional retail institutions analyzing the revenue from the sale of e-retailing in traditional retailers' business and representation of e-retailing \"click and brick\" in the group of largest e-retailers. The core idea of this paper was to empirically evaluate if the e-retailing implementation is in correlation with business profit, origin and specific form of a retailer. In this context, the study was conducted using the volume of sales revenue, the origin of retailer and form of the retail outlet, as independent variables based on which a volume of e-retailing presence as the dependent variable is evaluated. This study eliminates retailer's sales revenue as a statistically significant indicator which influences the implementation of e-retailing. On the other hand, the findings show that foreign retailers significantly less likely to implement e-retailing than domestic retailers when analyzing all countries in the region. When it comes to retailing formats, results suggest that retailers with retail format shopping centres and kiosks don't have e-retailing. All remaining retail formats have e-retailing. This paper formulates practical suggestions for further using of e-retailing in Danube region countries' marketing channels.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211462","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2203061m
Nina Mitić, Dragan Janjušić, Milan Beslać
The aim of this article is to research and demonstrates effectiveness of the proposed a multicriteria decision-making methodology, applied for a case of the meat processing industry for cans as a packaging material supplier selection supported by an environmental approach. There are 7 criteria of supplier selection with green dimensions identified, examined and ranked by evaluation factors, the financial, qualitative and environmental management system criteria. The results of this study will support the introduction of the environmental management system and a quality of the suppliers. Sustainable packaging in a food industry is a relatively new addition to the environmental considerations for packaging and could have a pivotal role in a green supply chain of food production, in sustainable partnerships development and a buyer's corporate green image and competencies.
{"title":"AHP multicriteria decision-making methodin green procurement","authors":"Nina Mitić, Dragan Janjušić, Milan Beslać","doi":"10.5937/ekonomika2203061m","DOIUrl":"https://doi.org/10.5937/ekonomika2203061m","url":null,"abstract":"The aim of this article is to research and demonstrates effectiveness of the proposed a multicriteria decision-making methodology, applied for a case of the meat processing industry for cans as a packaging material supplier selection supported by an environmental approach. There are 7 criteria of supplier selection with green dimensions identified, examined and ranked by evaluation factors, the financial, qualitative and environmental management system criteria. The results of this study will support the introduction of the environmental management system and a quality of the suppliers. Sustainable packaging in a food industry is a relatively new addition to the environmental considerations for packaging and could have a pivotal role in a green supply chain of food production, in sustainable partnerships development and a buyer's corporate green image and competencies.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211773","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2204015n
L. Nastić, S. Todorović, S. Ivanović
Sweet corn is not commonly produced at Serbian family farms, although it has a significant economic potential. Besides, there is a lack of research related to economic performance of the sweet corn production. Therefore, the goal of this research was to determine economic effects of introducing sweet corn in the sowing structure of specialized field crops farms in Serbia. The analysis was performed on the model of family farm specialized in the field crops production. Determination of average gross margin for appropriate field crops was followed by the optimization of farms' sowing structure (by applying linear programming approach). Authors analyzed three variants depending on sweet corn participation in the sowing structure. It was determined that the optimization itself increases the use of labor force and positively influences the level of farm gross margin. By combining the optimization with the introduction of sweet corn in the sowing structure even better results are achieved. Therefore, family farms specialized in the field crops production should be encouraged to extend their sowing structure by producing sweet corn. The paper offers an important insight into the combination of crops which can improve an overall economic performance of family farms.
{"title":"Economic performance of specialized field crops farms producing sweet corn","authors":"L. Nastić, S. Todorović, S. Ivanović","doi":"10.5937/ekonomika2204015n","DOIUrl":"https://doi.org/10.5937/ekonomika2204015n","url":null,"abstract":"Sweet corn is not commonly produced at Serbian family farms, although it has a significant economic potential. Besides, there is a lack of research related to economic performance of the sweet corn production. Therefore, the goal of this research was to determine economic effects of introducing sweet corn in the sowing structure of specialized field crops farms in Serbia. The analysis was performed on the model of family farm specialized in the field crops production. Determination of average gross margin for appropriate field crops was followed by the optimization of farms' sowing structure (by applying linear programming approach). Authors analyzed three variants depending on sweet corn participation in the sowing structure. It was determined that the optimization itself increases the use of labor force and positively influences the level of farm gross margin. By combining the optimization with the introduction of sweet corn in the sowing structure even better results are achieved. Therefore, family farms specialized in the field crops production should be encouraged to extend their sowing structure by producing sweet corn. The paper offers an important insight into the combination of crops which can improve an overall economic performance of family farms.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211411","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2204065c
Danica Cicmil, Miloš Đaković, Milica Inđić
In this paper various topics related to programming, statistics and financial modelling were addressed with the main idea of establishing a trading strategy. As discussed in the paper, no research has been done on this topic. On the other hand, much research has been done on which model is better, which distribution or confidence level is more appropriate or provides better forecasting capabilities. No one has investigated whether these differences could lead to a development of trading strategy. The paper starts with a definition of the gap in literature and practice. Then the research methodology is outlined in detail. Formulas and parameters are defined and presented. The main conclusion of this paper is the importance of GARCH VaR and the possibility of creating trading strategies. As long as the difference between the GARCH VaR and the other two VaRs does not exceed 1.5%, there is no need to leave the market. Should this situation change, one should leave the market as long as these differences do not fall below 1.50%.
{"title":"Development of a trading strategy for risk-averse investors based on VaR models","authors":"Danica Cicmil, Miloš Đaković, Milica Inđić","doi":"10.5937/ekonomika2204065c","DOIUrl":"https://doi.org/10.5937/ekonomika2204065c","url":null,"abstract":"In this paper various topics related to programming, statistics and financial modelling were addressed with the main idea of establishing a trading strategy. As discussed in the paper, no research has been done on this topic. On the other hand, much research has been done on which model is better, which distribution or confidence level is more appropriate or provides better forecasting capabilities. No one has investigated whether these differences could lead to a development of trading strategy. The paper starts with a definition of the gap in literature and practice. Then the research methodology is outlined in detail. Formulas and parameters are defined and presented. The main conclusion of this paper is the importance of GARCH VaR and the possibility of creating trading strategies. As long as the difference between the GARCH VaR and the other two VaRs does not exceed 1.5%, there is no need to leave the market. Should this situation change, one should leave the market as long as these differences do not fall below 1.50%.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211528","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2202067k
Nevena Krasulja, Gordana Đuretić, Dejan Ilić
The paper presents the importance, basic determinants, as well as the best world practice of one of the leading insurance companies in Europe, If P&C Insurance and technology giant Google in the field of application of innovative Mindfulness concept with the aim of improving the total performances of employees. The above examples are addressed in the argument of growing importance and broader application of the innovative concept towards the development of employee potential through the development of emotional intelligence, cognitive abilities, but also through stress reduction. The main goal is to point out to the management of companies, as well as to other authors and researchers, the importance of this concept, which gives ever more positive results in the direction of improving the overall performance of employees and, consequently, the overall performance of organizations in order to achieve a sustainable competitive advantage.
{"title":"Application of the innovative concept \"mindfulness\" in organizational and academic practice","authors":"Nevena Krasulja, Gordana Đuretić, Dejan Ilić","doi":"10.5937/ekonomika2202067k","DOIUrl":"https://doi.org/10.5937/ekonomika2202067k","url":null,"abstract":"The paper presents the importance, basic determinants, as well as the best world practice of one of the leading insurance companies in Europe, If P&C Insurance and technology giant Google in the field of application of innovative Mindfulness concept with the aim of improving the total performances of employees. The above examples are addressed in the argument of growing importance and broader application of the innovative concept towards the development of employee potential through the development of emotional intelligence, cognitive abilities, but also through stress reduction. The main goal is to point out to the management of companies, as well as to other authors and researchers, the importance of this concept, which gives ever more positive results in the direction of improving the overall performance of employees and, consequently, the overall performance of organizations in order to achieve a sustainable competitive advantage.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211679","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2203071r
J. Radović-Stojanović, Jovana Đerić, Ratko Ljubojević
The aim of this paper is to present, decompose and analyze time series of average gross and net nominal and real wages in the Republic of Serbia. The paper presents monthly time series of wages for the period from January 2001 to December 2020. Time time series of wages are seasonally adjusted using the software JDemetra +, ver. 2.1.0 and the X13-ARIMA program. Real gross and net wages were obtained by dividing the series of nominal average gross and net wages by the retail price index (until January 2009) and then by the consumer price index (since January 2009). It has been noticed that there are three periods in the movement of time series of wages. In the period before the Global Financial and Economic Crisis (2000-2008), nominal and real wages recorded a strong upward trend. In the post-crisis period, from 2009 to 2017, there was a slowdown in wage growth. In that period, nominal wages were rising, and as a consequence of inflation, real wages stagnated. In the third period, from 2018-2020, due to wage growth in the public sector and low and stable inflation rates, both nominal and real wages have been growing. The beginning of each of these three periods coincides with changes in the methodology of calculating the average wage, which affected the appearance and variability of time series of wages, and especially the seasonal component in the series.
{"title":"Nominal and real wages in the Republic of Serbia 2001-2020","authors":"J. Radović-Stojanović, Jovana Đerić, Ratko Ljubojević","doi":"10.5937/ekonomika2203071r","DOIUrl":"https://doi.org/10.5937/ekonomika2203071r","url":null,"abstract":"The aim of this paper is to present, decompose and analyze time series of average gross and net nominal and real wages in the Republic of Serbia. The paper presents monthly time series of wages for the period from January 2001 to December 2020. Time time series of wages are seasonally adjusted using the software JDemetra +, ver. 2.1.0 and the X13-ARIMA program. Real gross and net wages were obtained by dividing the series of nominal average gross and net wages by the retail price index (until January 2009) and then by the consumer price index (since January 2009). It has been noticed that there are three periods in the movement of time series of wages. In the period before the Global Financial and Economic Crisis (2000-2008), nominal and real wages recorded a strong upward trend. In the post-crisis period, from 2009 to 2017, there was a slowdown in wage growth. In that period, nominal wages were rising, and as a consequence of inflation, real wages stagnated. In the third period, from 2018-2020, due to wage growth in the public sector and low and stable inflation rates, both nominal and real wages have been growing. The beginning of each of these three periods coincides with changes in the methodology of calculating the average wage, which affected the appearance and variability of time series of wages, and especially the seasonal component in the series.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211817","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2203001s
Tanja Stanišić, V. Radivojevic, J. Dimovski
The importance of tourism sector in modern conditions and its significant participation in the macroeconomic indicators of countries, determine it as one of the key factors of competitiveness and development of national economies. Tourism contribution of tourism to competitiveness and economic development, as well as the economic effects of tourism, may vary from country to country. The purpose of the paper is to examine the interdependence between tourism competitiveness and the economic effects of tourism, as well as between tourism competitiveness and development of the Southern European countries. The methods applied in the paper are comparative analysis, descriptive statistics and correlation analysis. The results of the research indicate that there is no significant positive relationship between the tourism competitiveness and economic effects of tourism in the analysed group of countries, while the relationship between tourism competitiveness and development of these countries is characterized by a high level of positive correlation. This conclusion can be useful for economic and tourism development policy makers and the creator of the policy of improving the competitiveness of tourism.
{"title":"Interdependence of tourism competitiveness and development of Southern European countries","authors":"Tanja Stanišić, V. Radivojevic, J. Dimovski","doi":"10.5937/ekonomika2203001s","DOIUrl":"https://doi.org/10.5937/ekonomika2203001s","url":null,"abstract":"The importance of tourism sector in modern conditions and its significant participation in the macroeconomic indicators of countries, determine it as one of the key factors of competitiveness and development of national economies. Tourism contribution of tourism to competitiveness and economic development, as well as the economic effects of tourism, may vary from country to country. The purpose of the paper is to examine the interdependence between tourism competitiveness and the economic effects of tourism, as well as between tourism competitiveness and development of the Southern European countries. The methods applied in the paper are comparative analysis, descriptive statistics and correlation analysis. The results of the research indicate that there is no significant positive relationship between the tourism competitiveness and economic effects of tourism in the analysed group of countries, while the relationship between tourism competitiveness and development of these countries is characterized by a high level of positive correlation. This conclusion can be useful for economic and tourism development policy makers and the creator of the policy of improving the competitiveness of tourism.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211846","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}
Pub Date : 2022-01-01DOI: 10.5937/ekonomika2204057c
Milica D. Cvetkovic, Z. Simonović, Vladimir Đorđević
The paper points to the interaction and mutual connection of monetary and fiscal policy and their synergetic effect on economic growth. Regardless of the fact that both policies are independent in the implementation of their goals and apply different measures and instruments, they are not at odds in shaping economic policy, on the contrary, they complement each other and jointly contribute to ensuring macroeconomic stability and economic growth. In the Republic of Serbia, the joint effect of monetary and fiscal policy measures is reflected in the provision of macroeconomic and price stability and the reduction of public debt and a stable budget, which are key prerequisites for long-term economic growth.
{"title":"Sinergy monetary and fiscal policy in the function economic growth Republic of Serbia","authors":"Milica D. Cvetkovic, Z. Simonović, Vladimir Đorđević","doi":"10.5937/ekonomika2204057c","DOIUrl":"https://doi.org/10.5937/ekonomika2204057c","url":null,"abstract":"The paper points to the interaction and mutual connection of monetary and fiscal policy and their synergetic effect on economic growth. Regardless of the fact that both policies are independent in the implementation of their goals and apply different measures and instruments, they are not at odds in shaping economic policy, on the contrary, they complement each other and jointly contribute to ensuring macroeconomic stability and economic growth. In the Republic of Serbia, the joint effect of monetary and fiscal policy measures is reflected in the provision of macroeconomic and price stability and the reduction of public debt and a stable budget, which are key prerequisites for long-term economic growth.","PeriodicalId":36306,"journal":{"name":"Ekonomika Vilniaus Universitetas","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71211481","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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