Article metrics

  • citations in SCindeks: [1]
  • citations in CrossRef:0
  • citations in Google Scholar:[=>]
  • visits in previous 30 days:13
  • full-text downloads in 30 days:6
article: 9 from 10  
Back back to result list
2015, vol. 43, iss. 4, pp. 25-45
article language: English
document type: Original Scientific Paper
published on: 30/03/2016
doi: 10.5937/industrija43-8484
Structural changes in manufacturing industry at division level: Serbia and new EU member states
aUniversity of Belgrade, Faculty of Economy
bUniveristy of Niš, Faculty of Economy
cUniversity of Kragujevac, Faculty of Economy



Rural Labour Market and Rural Economy of Serbia - Income Diversification as a Tool to Overcome Rural Poverty (MESTD - 179028)
Development and utilization of novel and traditional technologies in production of competitive food products with added valued for national and global market - CREATING WEALTH FROM THE WEALTH OF SERBIA (MESTD - 46001)


Research in this paper is oriented towards structural changes at the division level of the manufacturing industry. The goal of the research is to point at the significance of the efficient structural reforms of Serbia's manufacturing industry, more precisely to point at the size, intensity, speed and directions of the changes made in its structure. In the paper, the basic indicators of structural changes are used, namely the trend of the share of employment and the value added. The size of the changes is analyzed by the standard deviation and the dispersion of growth rates, whereas the intensity of changes is analyzed by the elasticity of the divisions' growth rates. A correlation analysis is used to determine the directions and nature of the connectedness of structural changes between divisions, whereas the direction of changes is shown by the Spearman rank correlation coefficient of their growth rates. The Structural Change Indicator is used for researching the pace and patterns of structural changes. At the division level, by applying the comparison method, differences in the directions, speed and patterns of the structural changes of the Serbian manufacturing industry are analyzed against the new EU member states for which there are comparative data (Bulgaria, Romania, Hungary, the Czech Republic, Poland, Slovenia and Slovakia). The research results indicate that growth rates were higher in those divisions in which reforms were more comprehensive, faster, more intensive and efficiently fully implemented.


divisions of manufacturing industry; structural changes; employment; added value; industrial policy


Bah, E.H. (2009) Structural transformation in developed and developing countries
Cimoli, M. (2003) Structural reforms, technological gaps and economic development: a Latin American perspective. Industrial and Corporate Change, 12(2): 387-411
Crkvenac, M. (1993) Ekonomika industrije i gospodarski razvoj Hrvatske. 260-261
Fagerberg, J. (2000) Technological Progress, Structural Change and Productivity Growth: A Comparative Study. Structural Change and Economic Dynamics, 11(4); 393-418
Havlik, P. (2005) Central and East European industry in an enlarged European Union: Restructuring, specialisation and catching-up. Économie internationale, 107-132; 2
Havlik, P. (2013) Structural Change and Economic Growth in the New EU Member States, Growth-Innovation-Competitiveness: Fostering Cohesion in Central and Eastern Europe. The Vienna Institute for International Economic Studies
Jorgenson, D.W., Timmer, M.P. (2011) Structural Change in Advanced Nations: A New Set of Stylised Facts*. Scandinavian Journal of Economics, 113(1): 1-29
Kallioras, D., Petrakos, G. (2010) Industrial growth, economic integration and structural change: Evidence from the EU new member-states regions. Annals of Regional Science, 45(3); 667-680
Khan, M., Blankenburg, S. (2009) The political economy of industrial policy in Asia and Latin America. in: Dosi G., Cimoli M., Stiglitz J.E. [ed.] Industrial Policy and Development: The Political Economy of Capabilities Accumulation, Oxford: Oxford University Press
Lin, J., Chang, H. (2009) Should Industrial Policy in Developing Countries Conform to Comparative Advantage or Defy it? A Debate Between Justin Lin and Ha-Joon Chang. Development Policy Review, 27(5): 483-502
Lin, Y.J. (2012) New structural economics: A framework for rethinking development and policy. Washington: World Bank
Maddison, A. (1987) Growth and slowdown in advanced capitalist economies: Techniques of quantitative assessment. Journal of Economic Literature, vol. 25, jun, str. 649-706
Naude, W., Szirmai, A., Lavopa, A. (2013) Industrialization lessons from BRICS: A comparative analysis. pp. 1-3
O`mahony, M., Timmer, M.P. (2009) Output, input and productivity measures at the industry level: The eu klems database. Economic Journal, 119(538)
Ocampo, J.A., Vos, R., ur. (2008) Uneven economic development. United Nations Publications
Rodrik, D. (2008) Normalizing industrial policy. in: Commission on growth and development working paper, Washington: World Bank,
Roman, Z. (1969) A note on measuring structural changes. Review of Income and Wealth, 15(3): 265-268
Russu, C. (2007) Structural changes of the manufacturing industry of the European Union member countries and their specialization. Change, 1995
Saccone, D., Valli, V. (2009) Structural change and economic development in China and India. in: University of Torino Department of Economics Research Paper
Syrquin, M. (2007) Structural Change and Development. in: Dutta A., Ros C. [ed.] International Handbook of Development Economics, UK: Edward Elgar Publishing
Szirmai, A., Naude, W., Alcorta, L. (2013) Introduction and Overview: The Past, Present and Future of Industrialization. in: Szirmai A., Naude W., Alcorta L. [ed.] Pathways to Industrialization in the Twenty-First Century-New Challenges and Emerging Paradigms, Oxford: Oxford University Press
Timmer, M.P., Inklaar, R., O`mahony, M., Van, A.B. (2010) Economic growth in Europe: A comparative industry perspective. Cambridge University Press
UNIDO (2013) Industrial Development Report 2013, Sustaining Employment Growth: The Role of Manufacturing and Structural Change. Vienna
Warwick, K. (2013) Beyond Industrial Policy: Emerging Issues and New Trends. OECD Science. Technology and Industry Policy Papers, 2
Weiss, J. (2011) Industrial policy in the twenty-first century: Challenges for the future. Helsinki: UNU World Institute for Development Economics Research, Working Paper