WHAT HAS BEEN DRIVING THE RAPID GROWTH OF SERBIAN MANUFACTURING SINCE 2014 - WHY DOES TECHNOLOGY MATTER?
WHAT HAS BEEN DRIVING THE RAPID GROWTH OF SERBIAN MANUFACTURING SINCE 2014 - WHY DOES TECHNOLOGY MATTER?
Author(s): Ivan Nikolić, Marina ZorojaSubject(s): Business Economy / Management, Economic development, Present Times (2010 - today)
Published by: Ekonomski fakultet - Univerzitet u Zenici
Keywords: manufacturing; export; value added; technological change;
Summary/Abstract: By the end of 2017 Serbia has reached the highest level of industrial production in the last quarter of the century. Rapid growth started in mid-2014. However, this paper argues that industrial dynamics are accompanied by a moderate technological upgrading, insufficient to significant increase of the gross added value of the economy. Furthermore, by means of a theoretical and empirical approach – deductive methods, statistical and mathematical evaluation, the authors have come to the conclusion that there are no uniform development solutions, nor it can be said exclusively that industrialization and its technological development are crucial for the pace of growth. It is a necessary, not a sufficient condition.
Journal: BH ekonomski forum
- Issue Year: 2018
- Issue No: 9
- Page Range: 29-40
- Page Count: 12
- Language: English