• citations in SCIndeks: [1]
  • citations in CrossRef:[1]
  • citations in Google Scholar:[]
  • visits in previous 30 days:10
  • full-text downloads in 30 days:6


article: 5 from 10  
Back back to result list
2021, vol. 69, iss. 3-4, pp. 203-216
Expansion of direct investment and resilience of Serbian labour market: A regional and sectoral perspective
aUniversity of Belgrade, Faculty of Economy, Department of Economic Theory and Analysis
bUniversity of Belgrade, Faculty of Economy, Department of Business Economics and Management
In recent years, Serbia has established itself as a leading destination for FDI thanks to its generous policy aimed at attracting direct investment. In this paper we look at the labour market effects of the policy of incentivised direct investment, first from a sectoral and regional perspective, and then by taking a holistic view at its impact on the overall labour market and economic development. We find that this policy has contributed to overall sectoral rebalancing of the labour market by increasing manufacturing jobs. It has also contributed to regional labour market rebalancing, most notably in improving the quality of employment in less developed regions and in stabilizing the shares of regional wage funds. Still, labour market, educational and infrastructure cleavages between regions remain very large. The transformational potential of Serbian labour market is far from being fully exploited, and Serbia still needs to sustain high level of investment in manufacturing jobs while at the same time supporting the gradual shift toward high-technology investment.
Aleksić, D., Arandarenko, M., Ognjanov, G. (2020) Ex Post Analysis of the National Employment Strategy for the Period 2011-2020. Belgrade: Foundation for the Advancement of Economics
Arandarenko, M., Vukojević, V. (2008) Labor Costs and Labor Taxes in the Western Balkans. in: Bredenkamp C., Gragnolati M., Ramljak V. [ed.] Enhancing Efficiency and Equity: Challenges and reform opportunities facing health and pension systems in the Western Balkans, Washington, DC: World Bank, pp. 119-158
Arandarenko, M. (2018) Izazovi tržišta rada i zaposlenosti u Srbiji u XXI veku. in: Kostić A. [ed.] Ekonomija - zaposlenost i rad u Srbiji u XXI veku, Srpska akademija nauka i umetnosti, 17-42
Arandarenko, M., ed. (2006) Mapa tržišta rada Srbije. Beograd: CEVES
Arandarenko, M., Corrente, S., Jandrić, M., Stamenković, M. (2020) Multiple criteria decision aiding as a prediction tool for migration potential of regions. European Journal of Operational Research, 284(3): 1154-1166
Bojović, V., Obradović, F. (2018) Efficiency Analysis of Subsidies for Investments using Stochastic Frontier Analysis: Case of Serbia. in: Horská E., Kapsdorferová Z., Hallová M. [ed.] International Scientific Days 2018: Towards Productive, Sustainable and Resilient Global Agriculture and Food Systems, Proceedings, Prague: Wolters Kluwer ČR, 2546-2566
Estrin, S., Uvalic, M. (2014) FDI into transition economies: Are the Balkans different?. Economics of Transition, 22(2): 281-312
Kastratović, R. (2016) Uticaj stranih direktnih investicija na privredni i društveni razvoj Srbije. Bankarstvo, vol. 45, br. 4, str. 70-93
Leitner, S. (2021) Net Migration and its Skill Composition in the Western Balkan Countries between 2010 and 2019: Results from a Cohort Approach. Vienna: Vienna Institute for International Economic Studies, (wiiw Policy Note/Policy Report No. 47)
Madžar, Lj. (2016) Strane investicije u ekonomskoj politici Srbije. in: Kovačević R., Gligorić M. [ed.] Strane direktne investicije i privredni rast u Srbiji, Beograd: Naučno društvo ekonomista Srbije, 11-34
Rapaić, S. (2016) Uloga stranih direktnih investicija u lokalnom ekonomskom razvoju u Republici Srbiji (2001-2013). Belgrade: University of Belgrade-Faculty of Political Sciences, (PhD Thesis)
Rodrik, D. (2012) Unconditional Convergence in Manufacturing. Quarterly Journal of Economics, 128(1): 165-204
Uvalic, M. (2010) Serbia's Transition: Towards a Better Future. Basingstoke: Palgrave Macmillan
Vladisavljević, M. (2019) Ekonometrijska analiza premije zarada javnog sektora u Srbiji u uslovima fiskalne konsolidacije. Belgrade: University of Belgrade-Faculty of Economics, PhD Thesis
World Bank (2020) Serbia's new growth agenda: Forging a new future. in: The Serbia Country Economic Memorandum 2.0 (CEM), Washington, DC
World Bank (2020) Reforming state aid for growth: New growth agenda. in: The Serbia Country Economic Memorandum 2.0 (CEM), Washington, DC


article language: English
document type: Original Scientific Paper
DOI: 10.5937/EKOPRE2103203A
received: 17/01/2021
published in SCIndeks: 25/05/2021

Related records

Ekonomika (2018)
Foreign direct investments as a source of financing of economic development of Western Balkan countries
Cvetanović Slobodan, et al.

Zb Pravnog fak Niš (2020)
State aid and fair competition
Nikolić Ljubica

Ekonomika preduzeća (2019)
Why is Serbia an economic growth underachiever?
Petrović Pavle, et al.

show all [7]