MACROECONOMIC ANALYSIS OF THE ECONOMY OF THE REPUBLIC OF SERBIA IN THE PRE-CRISIS AND POST-CRISIS PERIOD (2000-2020)
MACROECONOMIC ANALYSIS OF THE ECONOMY OF THE REPUBLIC OF SERBIA IN THE PRE-CRISIS AND POST-CRISIS PERIOD (2000-2020)
Author(s): Darko Martinov, Dragan L. VukasovićSubject(s): National Economy, Economic history, International relations/trade, Financial Markets, Socio-Economic Research
Published by: Nezavisni univerzitet Banja Luka
Keywords: economy; investments; crisis; GDP; import; export;
Summary/Abstract: Insufficient export activity and low level of investments in the formation of the gross domestic product are negative features of the economy of the Republic of Serbia in the last twenty years. The global financial and economic crisis showed that the previously valid model of economic growth, which was basically based on the growth of domestic consumption and imports and the low share of investments in the structure of GSP use, was unsustainable. It became clear that such a model must be replaced by a pro-investment and export-oriented model of economic growth. Bearing in mind the macroeconomic trends in the economy of the Republic of Serbia, it is clear that the increase in investments and the competitiveness of domestic production are imposed as one of the most important tasks of economic policy in the future.
Journal: SVAROG
- Issue Year: 2023
- Issue No: 26
- Page Range: 63-73
- Page Count: 11
- Language: English
