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2016, vol. 64, iss. 1-2, pp. 93-109
Regional resilience: Structural analysis, entrepreneurship and specialisation
aMinistry of Economy, Department of Regional Development and Strategic Analyses of Economy, Belgrade
bUniversity of Belgrade, Faculty of Economy, Department of Economic Theory and Analysis
cUniversity of Belgrade, Faculty of Economy, Department of Business Economics and Management
Keywords: regional resilience; regional effects of privatization; structural analysis; regional competitiveness; entrepreneurship; specialization of manufacturing industry
The recession did not affect all the regions with the same intensity, as some were more resilient than others. The differences in regional resilience, besides the labor market, have mostly reflected on regional branches of the manufacturing industry. Developed industrial branches within the manufacturing industry have been affected the most. In addition, key economic parameters (employment and value added) in the entrepreneurial sector decreased by 20%. The in-depth research in the study is aiming in two directions: the testing of regional industrial resilience before and after the global recession and identifying of the key regional industrial branches in the context of regional specialization. This study promotes a new methodological approach based on dynamic structural analysis of the manufacturing industry of Serbia. In addition, the research contribution of authors also encompasses the affirmation of new analytical instruments (two new composite indexes: RISI and Regional coefficient of successfulness of privatization). The economic messages in this study are being targeted in several directions: regional resistance depends primarily on sectoral connections and endogenous regional resources, factors that increase regional resilience include technology, knowledge and innovation, and regional resistance is increased through the specialization of traditional branches of manufacturing industry. The economic transformation toward the entrepreneurial economy and dynamic company structures will be of crucial importance in the coming period.
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article language: English
document type: Original Scientific Paper
DOI: 10.5937/ekopre1602093J
published in SCIndeks: 13/01/2017