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INTERNATIONAL SCIENTIFIC CONFERENCE “LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT OF SEE IN THE CONTEXT OF EU ACCESSION” Cover Image

INTERNATIONAL SCIENTIFIC CONFERENCE “LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT OF SEE IN THE CONTEXT OF EU ACCESSION”
INTERNATIONAL SCIENTIFIC CONFERENCE “LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT OF SEE IN THE CONTEXT OF EU ACCESSION”

Contributor(s): Jasmina Osmanković (Editor), Mirko Pejanović (Editor)
Subject(s): Politics, Business Economy / Management, Civil Society, Governance, Economic policy, Environmental and Energy policy, Methodology and research technology, Economic development, EU-Accession / EU-DEvelopment, Public Finances, Fiscal Politics / Budgeting, Tourism, Socio-Economic Research
Published by: Akademija Nauka i Umjetnosti Bosne i Hercegovine
Keywords: regional development; economic development; EU Accession; economic policy; local governance;
Summary/Abstract: The Conference is organized by the Academy of Sciences and Arts of Bosnia and Herzegovina (ANUBIH), Croatian Academy of Sciences and Arts (HAZU), University of Bologna, School of Economics and Business Sarajevo University Sarajevo, Institute of Economics Sarajevo, Faculty of Political Sciences University Sarajevo, Centre for development local and regional self-government. This is third conference about local and regional development after 1995, and reflected specific interest and tradition Academy in local, urban and regional development research. Academy, Department of Social Sciences has long tradition, more than six decade, in research problems local, urban, city and regional development. Conference will start on September 20, 2013, and will finish September 21, 2013. Conference will be first day, September 20, 2013. Forum mayors WB will be second day, September 21, 2013. The main conference topic is local economic and infrastructural development SEE in context EU accession. This topic sublimes and reflects economic and political approaches to four specific and important themes for local development (communities and cities): first, management and strategic planning of local economic development; second, financing of local economic and infrastructure development; third, the role of civil society in local economic and infrastructure development and fourth, local communities and territorial organization. In context constitutional and legal aspects of local economic and infrastructural development, authors discuss: constitutional and legal role local governments in economic and infrastructural development municipalities and cities, role of municipal prefects and majors in the local economic and infrastructural development; institutional forms and shapes in the implementation of regional development; local economic development and modernization of local governance; constitutional and legal position of municipal and city governments in strategic planning and promoting local economic development and infrastructure development Next part is local economic and infrastructural development with following themes: framework for sustainable local development strategy; situation and perspectives for economic development of city; integrated methodological framework for formulation and implementation of local development strategy; influence of tertiary activities on local and rural development; linking of the urban and rural tourist dimension for the purpose of increase in economic effect of tourism; opportunities and responsibilities of local self-government in environmental aspects of the EU integration process; competitiveness local government units; European union regional policy; the effect of capital construction of power facilities on the economic development of local communities Local communities and reform of territorial organization and economic and functional efficiency of territorial organization; and convergence of local government units consists third part focusing on connections local economic development and infrastructural development with state territorial organization. Financing of local economic and infrastructural development is very important part on the Conference and consists following themes: importance of the EU pre-accession assistance in financing of local economic and infrastructure development: experiences; the base methodology to safe implementation of public private partnership on the emerging market of the south east Europe; the role and importance of the public-private partnership in financing local economic development; innovation and entrepreneurship – investment in people and skills; the role of R&D and innovation in local economic development; PPP tools as an innovation element for the qualification of the public procurement sector in the EU policy framework from a regional point of view, fiscal federalism and possibility for borrowing. In the end, but not least, last part is non-government organization (NGO) and their position or role in economic and infrastructural local development focusing on civil society: an inevitable partner in the development of local communities in young democracies. Mayors of capital city (Ljubljana, Zagreb, Belgrade, Podgorica, Skopje, Sarajevo, Priština) new state on the Western Balkan, part of the Adriatic macro region invited to present experiences about city development, infrastructures, legal framework, financing, and other important question city (urban) development. We hope, with support Delegation EU in Bosnia and Herzegovina and City of Sarajevo, Forum city mayors should be organize each years and should be place for exchanging experiences and searching answers for the most important questions of local, city and regional development in context EU accession, new development framework, and new approaches. Proceeding contains papers authors from Italy, Slovenia, Croatia, Serbia, Macedonia, Montenegro, and Bosnia and Herzegovina. Number of papers submitted is of great importance for this conference. Papers were subjected to a blind reviewing process of international team reviewers. Proceeding indexed in EBSCO and CEEOL (Central and Eastern European Online Library), and has CIP cataloging, ISBN and COBISS number. Keynote speakers for first day Conference “Local economic and infrastructure development SEE in context EU accession” are: members of Academy of Sciences and Arts of Bosnia and Herzegovina (ANUBIH), Croatian Academy of Sciences and Arts (HAZU), University of Bologna, Unit Forward Studies and Cross-sector policies of Region Emilia-Romagna, Faculty of Economics University of Zagreb, etc. Keynote speakers for second day (Forum mayors) are: mayors of Ljubljana, mayors of Zagreb, mayors of Belgarde, mayors of Podgorica, mayors of Sarajevo, etc. Prof. Komšić, Mayors of Sarajevo City is host of Forum mayors this year. Conference participant are: academicians, professors, member of university, researchers, policymakers on the local, city, regional and state level, city mayors, community mayors, member of associations municipalities and cities in region, prime ministries and ministries, representatives NGO, international communities, development agencies, PhD students, etc. The Conference was supported by Ministry of environmental and tourism, Elektroprivreda BiH, BH Telecom d.d. Sarajevo, Sarajevo City, Canton Sarajevo, Municipality Centar Sarajevo, Municipality Novi Grad Sarajevo, Municipality Ilidža, Delegation EU in Bosnia and Herzegovina. We would like to thank the authors, reviewers, the members of committees, supporters and others for their efforts toward making this Conference a success.

Series: Posebna izdanja ANUBiH

  • E-ISBN-13: 978-9958-501-92-0
  • Print-ISBN-13: 978-9958-501-92-0
  • Page Count: 436
  • Publication Year: 2013
  • Language: English
CONSTITUTIONAL AND LEGAL ROLE OF LOCAL AUTHORITIES IN ECONOMIC AND INFRASTRUCTURAL DEVELOPMENT OF MUNICIPALITIES AND CITIES IN BOSNIA AND HERZEGOVINA

CONSTITUTIONAL AND LEGAL ROLE OF LOCAL AUTHORITIES IN ECONOMIC AND INFRASTRUCTURAL DEVELOPMENT OF MUNICIPALITIES AND CITIES IN BOSNIA AND HERZEGOVINA
(CONSTITUTIONAL AND LEGAL ROLE OF LOCAL AUTHORITIES IN ECONOMIC AND INFRASTRUCTURAL DEVELOPMENT OF MUNICIPALITIES AND CITIES IN BOSNIA AND HERZEGOVINA)

  • Author(s):Mirko Pejanović
  • Language:English
  • Subject(s):Constitutional Law, Governance, Government/Political systems, Politics and law, Economic development
  • Page Range:25-44
  • No. of Pages:20
  • Keywords:Legal and constitutional role; Local authorities; Economical and infrastructural development; European Charter on Local Self-Government;
  • Summary/Abstract:Basic aim of this article is to present constitutional and legal role of local authorities within economic and infrastructural development of municipalities and cities in Bosnia and Herzegovina. Hence, it presents two models. Basic hypothesis that will be verified in this article is: local authorities, based upon their legal jurisdiction, are able to provide important contribution to the local economic and infrastructural development. Methodology consists of case study method in two cases. The first case study is Municipality of Gračanica in Federation of Bosnia and Herzegovina, and the second case study is City of Bijeljina in Republic of Srpska. Time period of this research is post Dayton period, with distinctive focus on the period 2008– 2012. Territorial frame of this research is Bosnia and Herzegovina. Also, in the process of verification of this research, other relevant methods have been used. This article is systematized in six chapters: introductory approach on local community and local self-government; political-legal concept of local self-government in the regulations of European Charter on Local Self-Government; legal and statutory concept of municipality and city jurisdiction in the area of local economic and infrastructural development; main aspects of the role of local self-government unit in the local economic and infrastructural development; model of local economic and infrastructural development in the local communities: case study of Municipality of Gračanica; model of local economic and infrastructural development in the local communities: case study of City of Bijeljina and conclusion.
CIVIL SOCIETY: AN INEVITABLE PARTNER IN THE DEVELOPMENT OF LOCAL COMMUNITIES IN YOUNG DEMOCRACIES

CIVIL SOCIETY: AN INEVITABLE PARTNER IN THE DEVELOPMENT OF LOCAL COMMUNITIES IN YOUNG DEMOCRACIES
(CIVIL SOCIETY: AN INEVITABLE PARTNER IN THE DEVELOPMENT OF LOCAL COMMUNITIES IN YOUNG DEMOCRACIES)

  • Author(s):Josip Kregar, Antonija Petričušić
  • Language:English
  • Subject(s):Civil Society, Governance, Social development, Economic development
  • Page Range:45-57
  • No. of Pages:13
  • Keywords:Democratic consolidation; Consolidation of civic culture and civil society; Civil society; Trust;
  • Summary/Abstract:The classical democratization theories often ignore the importance of civil society in successful democratic consolidation emphasizing predominantly the importance of institutional consolidation and legislative reforms. However, institutions and legal norms are often empty shells in democratic consolidation if not promoted among political forces (representative and behavioural consolidation) and through consolidation of civil society and civic culture (attitudinal consolidation). In this article we argue that the process of democratic consolidation has many dimensions and is result of specific ideographic circumstances. The cultural (political culture) and institutional dimension (institutional building) of democratic consolidation do not correspond and have different pace and scope of changes. That is because the cultural change is slow, reinforced by mentalities which are often not supportive towards new institutional principles and blueprints, legislative changes and official politics. In such discrepancy, the phenomenon is seen as unpredictable, as a gap between programs and realities, strategies and realization. The change is perceived as formal and successes are reversible. In the emerging democracies such a gap is bridged by the activity of the civil society. Though the civil society is promoting democratic values and policies it cannot replace the main institutional skeleton of state (bureaucracy, political parties, etc.). It furthermore depends significantly on global programs and international support which subsequently might result in a strong bias toward isolation from society and the local priorities. The situation is paradoxical: the state and political elites are not ready to promote (democratic) changes and civil society organizations are marginalized to politically neutral subjects. In explaining conditions pertinent to a successful democratic consolidation, this article assesses if civil society has the capacity to promote changes of predominant social values in young democracies and induce an emergence of civic culture.
CONSTITUTIONAL AND LEGAL POSITION OF MUNICIPAL AND CITY GOVERNMENTS IN STRATEGIC PLANNING AND PROMOTING LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT

CONSTITUTIONAL AND LEGAL POSITION OF MUNICIPAL AND CITY GOVERNMENTS IN STRATEGIC PLANNING AND PROMOTING LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT
(CONSTITUTIONAL AND LEGAL POSITION OF MUNICIPAL AND CITY GOVERNMENTS IN STRATEGIC PLANNING AND PROMOTING LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT)

  • Author(s):Veljko Trivun
  • Language:English
  • Subject(s):Regional Geography, Constitutional Law, Governance, Economic policy, Government/Political systems, Politics and law, Economic development
  • Page Range:59-77
  • No. of Pages:19
  • Keywords:Local communities; Municipalities; Constitution; Economic status; Regional development;
  • Summary/Abstract:Nowadays, the importance of the local community is growing all over, but the fact that Bosnia and Herzegovina (hereinafter: BiH) has no state law on local self-government that would clearly define the position and the role of citizens in the system administration, is not officially recognized at the state level. Also, it is important to note that this area is not under the direct jurisdiction of any of the ministries. Given that there are entity laws and cantonal laws, or municipal statutes, there are cases of overlapping responsibilities of higher and lower levels of government, for example between entities and cantons or between cantons and municipalities. Here it is matter of the fulfilment of the obligations of BiH in terms of implementation of the principles contained in the European Charter of Local Self-Government of the Council of Europe. BiH Constitution did not specifically specify constitutional and legal position of municipal and city governments. In terms of the constitutional provisions, in the Federation of BiH cantons have all the responsibilities that are not expressly granted to the Federal Government. The Constitution of the Republic of Srpska also, among other things, determines the constitutional order based on local government. In the Brčko Distrikt situation is somewhat simpler because the District is considered a single unit of local self-government, and in this sense instruments of international law are directly applicable. Local Governance in BiH is devoted adequate attention through special entity laws. Separate entity legislation does not end the process of division of the system of local self-government, because each canton in the Federation of BiH has a law on local self-government, and in addition, municipalities have statutes. As in RS there are no regional or cantonal laws on local self-government, the municipalities are considered the base units of local government. This is an advantage in RS compared to the Federation of BiH in which the system of local government is compounded by the existence of a cantonal law. “The system of local government shall be regulated by law. A law may entrust the performance of local government tasks to the city. The city and the municipality shall be entitled to revenues determined by law and shall be provided with the funding for the performance of their duties.” The Act contains a specific provision on the so-called local governments that have followed different laws.
INSTITUTIONAL FORMS AND SHAPES IN THE IMPLEMENTATION OF REGIONAL DEVELOPMENT IN THE REPUBLIC OF MACEDONIA

INSTITUTIONAL FORMS AND SHAPES IN THE IMPLEMENTATION OF REGIONAL DEVELOPMENT IN THE REPUBLIC OF MACEDONIA
(INSTITUTIONAL FORMS AND SHAPES IN THE IMPLEMENTATION OF REGIONAL DEVELOPMENT IN THE REPUBLIC OF MACEDONIA)

  • Author(s):Borče Davitkovski, Elena Davitkovska, Vesna Gočeva
  • Language:English
  • Subject(s):Politics, Regional Geography, Economic policy, Economic development
  • Page Range:79-93
  • No. of Pages:15
  • Keywords:Regional development; Regional policy; Bureau for regional development; Institutional forms; Centres for regional development;
  • Summary/Abstract:Regional development is a current issue not only for the Republic of Macedonia but also for the whole European Union. This problem has just started to attract the attention in the Republic of Macedonia. Europe urges and favours the idea that the development should not be addressed only locally, within the municipality, but from another higher level, that is, regionally. In this paper the authors will specifically explore the institutional forms for implementation of the regional development in the country. Therefore, the aim of this paper is to explain the institution in charge of implementation of the regional policy of the Republic of Macedonia. Thus, the legal status of Bureau for Regional Development as the body having separate legal entity within the Ministry of Local Government and the Centres for Regional Development will be in particular presented. Macedonia is, namely, divided into 8 statistical regions on NUTS 3 level as well as the same number of centres responsible for development and promotion of development of separate regions. There will be special emphasis toward legal position and status of these centres under current legislation (2007 Law on Balanced Regional Development and other regulations concerning the regional development of the Republic of Macedonia). Also, the legal position and status of the Bureau for Regional Development as administrative body which takes care for regional development and should be understood as a chief implementer of regional policy in Macedonia will be specifically presented.
ROLE OF MUNICIPAL PREFECTS AND MAJORS IN THE LOCAL ECONOMIC AND INFRASTRUCTURAL DEVELOPMENT

ROLE OF MUNICIPAL PREFECTS AND MAJORS IN THE LOCAL ECONOMIC AND INFRASTRUCTURAL DEVELOPMENT
(ROLE OF MUNICIPAL PREFECTS AND MAJORS IN THE LOCAL ECONOMIC AND INFRASTRUCTURAL DEVELOPMENT)

  • Author(s):Željko Josić, Elmir Sadiković
  • Language:English
  • Subject(s):Politics, Governance, Public Administration, Economic policy, Economic development
  • Page Range:95-107
  • No. of Pages:13
  • Keywords:Local development; Local self-government; Municipal prefect/mayor;
  • Summary/Abstract:Local economic development implies maintained and premeditated process in which, beside local authorities, participate other actors, in order to create better conditions for the economic development and growth, and to improve life quality of population within local communities. Due to their constitutional and legal position local self-governments are an important segment of political system and an important subject of social development. In the local self-government system in Bosnia and Herzegovina, municipal prefects and mayors as the representatives of an executive authority functions are important institutions of the local selfgovernment. Significance of their role in the local economic and infrastructural development is observable not only because of their executive function but also in their role to recommend development policy to the municipal council/city council related to all issues within the localself-government jurisdiction. Municipal prefects and mayors create and report economic and development plans to the municipal/city council, they create and report various investment programmes, environmental and urban development strategies and other plans and strategies together with regulatory acts. Units of municipal self-government, besides delivering basic services, do have obligation to create an environment for expansion of local economic capacities and ensure long and sustainable development. Countries in transitional process such as Bosnia and Herzegovina require time in order to change local business and economic circumstances, to create participative competences and capacitate local actors for the participation in this particular process. On that path, taking into the consideration legal and structural authorities of executive political function of local self-government, it is possible to emphasize that solution of local economic development in Bosnia and Herzegovina is in hands of municipal prefects and mayors. Paper has following parts: Introductions, Local Community as the Social Base of Local Self-Government; Constitutional and Legal Position of Local Self-Government Units in Bosnia and Herzegovina; Local Economic Development, Local Economic Development in Bosnia and Herzegovina The Role of Municipal Prefects/Mayors in Creation of Local Economic Development, Conclusion, and References.
LOCAL ECONOMIC DEVELOPMENT AND MODERNIZATION OF LOCAL GOVERNANCE IN BOSNIA AND HERZEGOVINA

LOCAL ECONOMIC DEVELOPMENT AND MODERNIZATION OF LOCAL GOVERNANCE IN BOSNIA AND HERZEGOVINA
(LOCAL ECONOMIC DEVELOPMENT AND MODERNIZATION OF LOCAL GOVERNANCE IN BOSNIA AND HERZEGOVINA)

  • Author(s):Saša Leskovac
  • Language:English
  • Subject(s):Politics, Governance, Economic policy, Economic development
  • Page Range:109-128
  • No. of Pages:20
  • Keywords:Municipal governance; (Indicators of) local economic development; Modernization of municipal services; Own-source revenues; Participatory planning; Political stability;
  • Summary/Abstract:The purpose of this paper is to show the correlation between reform of governance in 72 BIH municipalities and local socio-economic and infrastructure development. The paper is a synthesis of eight years of monitoring of impacts the multi-faceted municipal reforms had on the communities undertaking the reforms. The examining period is from 2004 to 2012. The municipalities that are subject of this study are geographically, politically and in terms of size and stage of development equally spread throughout Bosnia and Herzegovina. In the paper we first provide a theoretical basis for understanding of the factors of the local economic development and we discuss several LED indicators. Main avenues of the municipal reform are discussed in the second, analytical section, as follows: modernization of the municipal services, urban permitting and spatial planning, municipal budget and finance and managing the development planning and infrastructure development. In the third section of the paper, we put the described reforms in a correlation with the empirical evidence on socioeconomic development, from which we draw conclusions on the reforms’ impact on LED and intensity of its correlation to the selected indicators.
FRAMEWORK FOR SUSTAINABLE LOCAL DEVELOPMENT STRATEGY A CASE STUDY OF SERBIA

FRAMEWORK FOR SUSTAINABLE LOCAL DEVELOPMENT STRATEGY A CASE STUDY OF SERBIA
(FRAMEWORK FOR SUSTAINABLE LOCAL DEVELOPMENT STRATEGY A CASE STUDY OF SERBIA)

  • Author(s):Sofija Adžić
  • Language:English
  • Subject(s):Politics, Governance, Economic policy, Government/Political systems, Economic development
  • Page Range:131-154
  • No. of Pages:24
  • Keywords:Serbia; Territorial cohesion; Sustainable local development; Planning and institutional framework; Coordination and integration;
  • Summary/Abstract:Serbia made the first step in constituting a framework for sustainable local development in order to increase the (national) territorial cohesion by adopting the National strategy for sustainable development, Spatial Plan of Republic of Serbia 2010-2020, a number of territorial and sectoral strategies, including the obligation to make the Local spatial plans by the end of 2013. However nothing has been done regarding the implementation plan or on innovation in accordance with the causes and consequences of the spillover of first and second wave of the global financial and economic crisis. A key orientation in this paper is that the problem of constituting a framework for sustainable strategy of local development should be done on the basis of coordination and integration of key sectoral and territorial policies, plans and strategies in line with the creative analysis of the goals and achievements of local development in the EU Member States. The main finding is that the framework for a strategy for sustainable local development needs to establish a clear, precise and transparent relationship between the spatial, urbanistic and environmental local policies, plans and strategies in relation to sectoral plans and strategies, in particular, the strategy of national re-industrialization and transition to the regime of sustainable macroeconomic development. In this context, it is necessary to: (1) Enter the territorial dimension in general sectoral and planning basis, (2) Introduce the clearly defined procedures for coordination in the process of integration of general plans and strategies with local spatial, urbanistic and environmental policies, plans and strategies, and (3) Establish and coordinate the sets of key indicators and criteria for monitoring the implementation of plans and strategies on sustainable development of functional urban areas, municipalities and rural areas.
INTEGRATED METHODOLOGICAL FRAMEWORK FOR FORMULATION AND IMPLEMENTATION OF LOCAL DEVELOPMENT STRATEGY

INTEGRATED METHODOLOGICAL FRAMEWORK FOR FORMULATION AND IMPLEMENTATION OF LOCAL DEVELOPMENT STRATEGY
(INTEGRATED METHODOLOGICAL FRAMEWORK FOR FORMULATION AND IMPLEMENTATION OF LOCAL DEVELOPMENT STRATEGY)

  • Author(s):Đorđe Kaličanin, Dragan Lončar
  • Language:English
  • Subject(s):Politics, Economic policy, Methodology and research technology, Economic development, ICT Information and Communications Technologies
  • Page Range:155-170
  • No. of Pages:16
  • Keywords:Local development; Balanced Scorecard (BSC); Strategy; Strategy map; Software support;
  • Summary/Abstract:This paper aims to display basic foundations of Balanced Scorecard methodology, which was used for formulation of local development strategy, and results that arose from its application. The paper starts with explaining basic theoretical pillars of regional development, continues with the methodology basics along with specifics of methodology application at the local level. Then, the concrete example is used to test applicative methodological framework in three phases: 1. diagnosis based on SWOT matrix, 2. visualisation of local community goals with strategy maps, and 3. goals specification through key performance indicators, tasks and initiatives. Finally, the authors pinpoint potential problems in strategy implementation process and give basic features of the software which eases the creation of scorecards and strategy maps.
ECONOMIC AND FUNCTIONAL EFFICIENCY OF TERRITORIAL ORGANIZATION OF BOSNIA AND HERZEGOVINA

ECONOMIC AND FUNCTIONAL EFFICIENCY OF TERRITORIAL ORGANIZATION OF BOSNIA AND HERZEGOVINA
(ECONOMIC AND FUNCTIONAL EFFICIENCY OF TERRITORIAL ORGANIZATION OF BOSNIA AND HERZEGOVINA)

  • Author(s):Marijana Galić, Jasmina Osmanković, Ensar Šehić
  • Language:English
  • Subject(s):Politics, Constitutional Law, Governance, Government/Political systems, Methodology and research technology
  • Page Range:171-180
  • No. of Pages:10
  • Keywords:Territorial organization; Bosnia and Herzegovina; the Federation of Bosnia and Herzegovina; Efficiency; Data Envelopment Analysis methodology;
  • Summary/Abstract:This paper presents a comprehensive assessment of territorial organization efficiency of the Federation of Bosnia and Herzegovina. During assessment, an output-oriented Charnes, Cooper and Rhods (CCR) and Banker, Charnes and Cooper (BCC) models have been applied on data representing the financial, demographic and functional capacities. Furthermore, this paper analyzes the efficiency of the territorial organization of the Federation of Bosnia and Herzegovina through years 1990, 2000 and 2010. Results of CCR and BCC models show that the Local Government Unit (LGU) efficiency has been significantly reduced. Paper consists of Introduction, Efficiency of the territorial organization of the Federation of Bosnia and Herzegovina, CCR model, Inefficiency of LGU, Conclusion, References.
CONVERGENCE OF LOCAL GOVERNMENT UNITS IN BOSNIA AND HERZEGOVINA

CONVERGENCE OF LOCAL GOVERNMENT UNITS IN BOSNIA AND HERZEGOVINA
(CONVERGENCE OF LOCAL GOVERNMENT UNITS IN BOSNIA AND HERZEGOVINA)

  • Author(s):Emir Agić, Muamer Halilbašić
  • Language:English
  • Subject(s):Politics, Governance, Government/Political systems, Economic development
  • Page Range:181-190
  • No. of Pages:10
  • Keywords:Convergence; Local government units; Bosnia and Herzegovina;
  • Summary/Abstract:This paper studies the convergence in economic development between different local communities in Bosnia and Herzegovina in 1990–2010 time periods. We are testing the hypotheses that dispersion in level of real per capita income between municipalities decreases over time (Sigma-convergence). We also discuss on possible reasons for the observed trends. Results of this research can be useful for profiling and discussions about more balanced regional development policy, as well as for defining EU programmes and projects to support regional and local development of the county from 2014 to 2020.
COMPETITIVENESS UNITS OF LOCAL GOVERNMENT

COMPETITIVENESS UNITS OF LOCAL GOVERNMENT
(COMPETITIVENESS UNITS OF LOCAL GOVERNMENT)

  • Author(s):Ensar Šehić, Marijana Galić
  • Language:English
  • Subject(s):Governance, Labor relations, Economic policy, Methodology and research technology
  • Page Range:191-197
  • No. of Pages:7
  • Keywords:Competitiveness; Methodology; LGU; Bosnia and Herzegovina;
  • Summary/Abstract:The paper attempts to analyze competitiveness for Local Government Unit (LGU) based on unit labour costs, as well as labour productivity. The main purpose of this paper is to identify those local government units, which are the most competitive, based on unit labour cost that can be considered as indicator for future investments. This paper analyzes local government units during the timeframe 2010–2012 in Federation of Bosnia and Herzegovina. Main hypothesis is that labour costs should not increase faster than labour productivity on a permanent basis. This paper introduces basic information on local government unit, reviews research methodology, discusses results and finally gives conclusion. The contribution of the paper is LGU productivity and competitive indicator as barrier for future investments.
THE EFFECT OF CAPITAL CONSTRUCTION OF POWER FACILITIES ON THE ECONOMIC DEVELOPMENT OF LOCAL COMMUNITIES

THE EFFECT OF CAPITAL CONSTRUCTION OF POWER FACILITIES ON THE ECONOMIC DEVELOPMENT OF LOCAL COMMUNITIES
(THE EFFECT OF CAPITAL CONSTRUCTION OF POWER FACILITIES ON THE ECONOMIC DEVELOPMENT OF LOCAL COMMUNITIES)

  • Author(s):Elvedin Grabovica
  • Language:English
  • Subject(s):Energy and Environmental Studies, Economic policy, Economic development, EU-Accession / EU-DEvelopment
  • Page Range:199-216
  • No. of Pages:18
  • Keywords:Power sector; Development; Local community;
  • Summary/Abstract:Construction of new power plants is necessary for the development of the electricity industry, which needs to meet three basic requirements of energy policy as defined in EU strategies: security of supply, sustainability and competitiveness. These criteria allow for energy independence, respecting environmental aspects and economic growth at the national level, as well as at the level of the local communities where production facilities are located. This paper analyzes the contribution of production facilities in the electricity sector in the economic development of society as a whole, with special emphasis on the impact on the local community. The effects are analyzed for the period of construction and during operation of various types of power plants. For this purpose, a model was developed for the evaluation and calculation of direct effects and indirect benefits assessment. Some examples of the analysis for the existing power plants and for several new projects are shown. The analyzes show a significant contribution of the power plants to economic status of local communities in the actual circumstances, but the potential for an even greater share of domestic components in the construction and operation of production facilities as well. This requires establishing long-term national strategies and concrete measures in order to create an incentive environment for development and strengthening of domestic firms.
ECONOMIC SITUATION IN THE CITY OF KRAGUJEVAC

ECONOMIC SITUATION IN THE CITY OF KRAGUJEVAC
(ECONOMIC SITUATION IN THE CITY OF KRAGUJEVAC)

  • Author(s):Jasna Dimitrijević, Petar Veselinović
  • Language:English
  • Subject(s):Governance, Policy, planning, forecast and speculation, Economic development, Socio-Economic Research
  • Page Range:217-234
  • No. of Pages:18
  • Keywords:Kragujevac; Local development; Economic structure;
  • Summary/Abstract:Kragujevac economy is mainly based on metal-processing complex, and within it, the production of transport equipment and weapons. Loss of markets and cooperative relationship following the dissolution of the former SFRY in 1991 and the UN embargo in 1992, and the bombing of significant facilities in the business system “Zastava” in 1999, caused a negative impact on the socio-economic development of the city. In addition to the technological lag behind developed countries, the city was faced with the problem of unemployment, so that in June 2004 it was named one of 13 devastated areas in Serbia. After that, the city is making significant progress in economic development through the creation of a favourable business environment (adopted Local Economic Development Strategy 2007– 2012, based on modern standards and defined set of stimulus measures for investors in productive activities; infrastructure supplied to industrial zone, support for self-employment and other), which resulted in bringing significant companies (“Fiat”, “Sigit”, “HTL”, “Promo Magnieti”, “Johnson Controls”, “TPV”, “Metro”, “Mercator”, “Idea”, “DIS”, “Plaza”, “Supernova”, “TUŠ” and others) and promoting economic activity in the city. The creation of the joint venture “Fiat Automobiles Serbia” created the opportunity, together with local cooperation, to gradually start the engine of development, not only of the city but of the whole of Serbia. These results influenced the fact that in 2007, before the arrival of “Fiat”, Kragujevac gained recognition of Club of Business Journalists: “City of the Future” Silver Cup. In 2008 the city was awarded the Golden Cup “City of the Future” and certification as a city with a favourable business environment, which was awarded by the National Alliance for Local Economic Development (NALED) and the Ministry of Economy and Regional Development. Important economic development objectives of the city of Kragujevac include the following: infrastructure improvements; economic development and entrepreneurship; environment; rural development; improvement of health and social care; promotion of education and culture; development of sport and tourism.
LOCAL COMMUNITIES AND REFORM OF TERRITORIAL ORGANIZATION: CASE OF BOSNIA AND HERZEGOVINA

LOCAL COMMUNITIES AND REFORM OF TERRITORIAL ORGANIZATION: CASE OF BOSNIA AND HERZEGOVINA
(LOCAL COMMUNITIES AND REFORM OF TERRITORIAL ORGANIZATION: CASE OF BOSNIA AND HERZEGOVINA)

  • Author(s):Marijana Galić, Ensar Šehić, Jasmina Osmanković
  • Language:English
  • Subject(s):Politics, Constitutional Law, Governance, Government/Political systems, Economic development
  • Page Range:235-244
  • No. of Pages:10
  • Keywords:Local community; Territorial organization; Bosnia and Herzegovina; Reform;
  • Summary/Abstract:Interaction between local economic development and reform of territorial organization is the topic of this paper. In this paper we research the problem of negative reflections, quality and instability of territorial organization on the local economic development. Aim is to identify the problem, its input and output. Timeframe is period 1952-2013, with focus on 1990, 2000 and 2010. Spatial frame of the research is Bosnia and Herzegovina and other countries in region. Main hypothesis is: number of local units (communities) is increasing in time of instability. In this paper we used DEA method of analysis and other relevant methods. Paper consists of: abstract, introduction, overview of territorial organization, evaluation of efficiency of territorial organization applying Data Envelopment Analysis, conclusion, and resources. Authors research transformation in territorial concepts from nation building to concessions, interaction of geographical and territorial vision facing the crisis, objective and framework for territorial development in different states, territorial organization and territorial cohesion between expectations, disparities and contradiction, territorial organization of society and territorial structure of a state from state to local level, the quest for new territorial paradigms in an interconnected world economy, and other. Main question in this paper is: Is it possible to give the territorial dimension more relevance for choices of competitiveness, efficiency and sustainable policies?
INFLUENCE OF TERTIARY ACTIVITIES ON LOCAL AND RURAL DEVELOPMENT IN BOSNIA AND HERZEGOVINA

INFLUENCE OF TERTIARY ACTIVITIES ON LOCAL AND RURAL DEVELOPMENT IN BOSNIA AND HERZEGOVINA
(INFLUENCE OF TERTIARY ACTIVITIES ON LOCAL AND RURAL DEVELOPMENT IN BOSNIA AND HERZEGOVINA)

  • Author(s):Rahman Nurković
  • Language:English
  • Subject(s):Politics, Governance, Economic policy, Rural and urban sociology, Economic development
  • Page Range:245-257
  • No. of Pages:13
  • Keywords:Tertiary activities; Transformation; Rural development; Transition; Bosnia and Herzegovina;
  • Summary/Abstract:The paper includes a detailed theoretical and practical analysis of spatial processes of tertiary activities in local and rural development in Bosnia and Herzegovina. In recent period, particularly after 1995, in local development of municipalities and, in particular, in rural settlements of Bosnia and Herzegovina big spatial changes occurred thanks to fast development of tertiary activities, which strongly affected the transformation in rural settlements. Our research will be focused primarily on the local, rural development of settlements, expansion of new tertiary activities in rural settlements and on various housing constructions, and arrangement of traffic infrastructure. The mentioned processes strongly affect the contemporary spatial and functional structure of rural settlements in Bosnia and Herzegovina. For analysis of a complex development of tertiary activities in Bosnia and Herzegovina elements of social, economic and physiognomic nature have been taken, which were special and significant for transformation, respectively for the changes of local and rural areas with orientation of spatial development of new economic activities. Bosnia and Herzegovina has significant difficulties in restructuring, but also good prospects to be fast included into the European economic courses.
LINKING OF THE URBAN AND RURAL TOURISTIC DIMENSION FOR THE PURPOSE OF INCREASE IN ECONOMIC EFFECT OF TOURISM

LINKING OF THE URBAN AND RURAL TOURISTIC DIMENSION FOR THE PURPOSE OF INCREASE IN ECONOMIC EFFECT OF TOURISM
(LINKING OF THE URBAN AND RURAL TOURISTIC DIMENSION FOR THE PURPOSE OF INCREASE IN ECONOMIC EFFECT OF TOURISM)

  • Author(s):Šemsudin Džeko
  • Language:English
  • Subject(s):Rural and urban sociology, Economic development, Tourism
  • Page Range:259-267
  • No. of Pages:9
  • Keywords:Urban tourist product; Rural tourist product; Valorisation of rural areas; Sustainable development;
  • Summary/Abstract:This paper advocates new way of improvement of cooperation between private and public sector by creating strategic plans for integration of urban (existing) and rural tourist products, with an application of the principles of sustainable development, in order to form a unique tourist itinerary. Repositioning of existing urban products by linking with new rural products will result in creation of competitive tourist products, which concurrently include the less valorised areas. Thus, a foundation for extension of tourist stays and increase in income in less developed areas is created. So, the tourism, which has been identified as one of the key branches of economy development in Bosnia and Herzegovina, accomplishes its role of an instrument for poverty alleviation, advancement of local entrepreneurship, renewal of demographic structure and improvement of living conditions in rural communities. The tourist itinerary/product of such quality, which meets the expectations of international tourist and is, at the same time, adjusted with the trends on the world’s tourist market, guarantees a social-economic effect of tourism.
STRATEGIC PLANNING AT CANTONAL LEVEL – STEP CLOSER TO EU: CANTON SARAJEVO EXAMPLE

STRATEGIC PLANNING AT CANTONAL LEVEL – STEP CLOSER TO EU: CANTON SARAJEVO EXAMPLE
(STRATEGIC PLANNING AT CANTONAL LEVEL – STEP CLOSER TO EU: CANTON SARAJEVO EXAMPLE)

  • Author(s):Senad Softić, Emir Kurtović, Gordana Memišević, Maida Fetahagić
  • Language:English
  • Subject(s):Politics, Governance, Economic policy, Policy, planning, forecast and speculation, Economic development, EU-Accession / EU-DEvelopment
  • Page Range:269-281
  • No. of Pages:13
  • Keywords:Development planning; Canton Sarajevo; Action plan; Development strategy;
  • Summary/Abstract:This article is focused on significance and necessity to include Canton Sarajevo into development planning process in Bosnia and Herzegovina as a precondition for accession of our country to EU. Apart from significance and development planning process, special attention is being paid to the need to integrate and include, in organizational-management sense, all cantons in Federation as implementation units in that process. Present strategic planning process in Bosnia and Herzegovina has focused on state and entity level, while in future it is necessary also to include lower governmental levels, especially cantons in Federation of Bosnia and Herzegovina which represents a task of this article. In the article, present process issues and development planning results in BIH are being presented as well as the process of strategic development documents implementation, monitoring and canton level reporting. Additionally, legal framework is also being presented due to the fact that it establishes obligation to create action plans and establish implementation units at cantonal level. The aforementioned legal framework defines Federal Institute for Development Programming as the key coordinator of all activities. Canton Sarajevo’s Action Plan for Strategic Planning is structured in line with strategic development goals determined in state BIH development documents referring to the following areas: macro stability, competitiveness, employment, sustainable development and social inclusion. Significance of action planning is being emphasized in the conclusion but only as a first step in BIH development strategy assuming creation of other relevant development aspects (social, economic and environmental). Also, necessity to harmonize aforementioned aspects with spatial planning documents is being emphasized. Sarajevo Canton has been continuously focusing its activities on this segment for a longer time period.
OPPORTUNITIES AND RESPONSIBILITIES OF LOCAL SELF-GOVERNMENT IN ENVIRONMENTAL ASPECTS OF THE EU INTEGRATION PROCESS FOR BIH

OPPORTUNITIES AND RESPONSIBILITIES OF LOCAL SELF-GOVERNMENT IN ENVIRONMENTAL ASPECTS OF THE EU INTEGRATION PROCESS FOR BIH
(OPPORTUNITIES AND RESPONSIBILITIES OF LOCAL SELF-GOVERNMENT IN ENVIRONMENTAL ASPECTS OF THE EU INTEGRATION PROCESS FOR BIH)

  • Author(s):Arijana Huseinović, Tarik Kupusović
  • Language:English
  • Subject(s):Politics, Energy and Environmental Studies, Governance, Environmental and Energy policy, EU-Accession / EU-DEvelopment
  • Page Range:283-300
  • No. of Pages:18
  • Keywords:Environment; Local self-government; Environmental infrastructure; EU - BIH;
  • Summary/Abstract:The EU environmental policy does not address consequences resulting from various segments of development, but their harmonization with environment, which is a milestone of every economic, social and cultural development. The EU environmental policy has been implemented on different levels. Therefore, harmonization and implementation of legislation in BIH is an indicator of good government, as well as local self-government. Every decision, regulation and conclusion issued at any level should be characterized by short-term, midterm and long-term effects relating to the right of present and future generations to the equal use and management of limited natural resources. Although environmental policy has been identified as one of the priorities in the EU integration process, and legislation substantially harmonized with the EU legislation has been implemented in BIH, it is still insufficiently applied. The control level of implementing environmental permits and environment protection in general is relatively low. The responsible entity and cantonal (in the Federation of BIH) institutions insufficiently implement the required political, legal and institutional reforms in order to develop this framework. Neither national nor entity levels have undertaken significant steps for implementing programmes and strategies required by the signed agreements and contracts between the EU and BIH. Only few local communities show some dynamics and ability to join contemporary European trends in the environmental aspects of public utility infrastructure development and take advantage of existing opportunities that have been significantly increased after the Stabilization and Association Agreement EU – BIH has come into effect.
EUROPEAN UNION REGIONAL POLICY: LESSONS FOR BOSNIA AND HERZEGOVINA

EUROPEAN UNION REGIONAL POLICY: LESSONS FOR BOSNIA AND HERZEGOVINA
(EUROPEAN UNION REGIONAL POLICY: LESSONS FOR BOSNIA AND HERZEGOVINA)

  • Author(s):Damir Šaljić, Jasmin Jusić, Alisa Mujkić
  • Language:English
  • Subject(s):Politics, Regional Geography, Economic policy, Economic development, EU-Accession / EU-DEvelopment
  • Page Range:301-318
  • No. of Pages:18
  • Keywords:EU; EU regional policy; Regional development;
  • Summary/Abstract:European Union regional policy has fundamental importance in elimination of existing disparities between regions, making conditions for increasing economic growth and achieving full potential of each region. Common policies have proved to be the most complex area of European integrations, particularly in funding and the allocation EU funds. Bosnia and Herzegovina has the same practice that, as pointed out by representatives of Directorate for European Integration (DEI) and Directorate for Economic Planning (DEP), has not developed regional policy or strategic approach to the funds allocation. Object and aim of this research will be identification of lessons that the EU led, leads or will lead for implementation of regional policy that BIH could use in its further development, especially for the period 2014–2020. The document could be used as development document for DEI and DEP, and as a document that would be used as the basis for further programming of funds (obtaining for period 2014–2020), aiming to regional involvement. The necessary methodology in completing this work encompasses using the historical method, method of analysis and synthesis, comparative method and the actual researches overview enriched with secondary data sources. Primary data sources will be collected through semi-structured interviews with representatives of DEI and DEP, and with other relevant institutions’ representatives. EU Regional Policy course is for the first time available course at Doctoral program within the Bologna concept of study at the School of Economics and Business Sarajevo in cooperation with University of Vienna and Faculty of Economics, University of Ljubljana, which is of special significance for this research.
PPP TOOLS AS AN INNOVATION ELEMENT FOR THE QUALIFICATION OF THE PUBLIC PROCUREMENT SECTOR IN THE EU POLICY FRAMEWORK FROM A REGIONAL POINT OF VIEW. EMILIAROMAGNA POLICY AND A CASE-STUDY, WITH AN ASSESSMENT ON PPPS IMPACTS AND ADDED VALUE AT A REGIONA

PPP TOOLS AS AN INNOVATION ELEMENT FOR THE QUALIFICATION OF THE PUBLIC PROCUREMENT SECTOR IN THE EU POLICY FRAMEWORK FROM A REGIONAL POINT OF VIEW. EMILIAROMAGNA POLICY AND A CASE-STUDY, WITH AN ASSESSMENT ON PPPS IMPACTS AND ADDED VALUE AT A REGIONA
(PPP TOOLS AS AN INNOVATION ELEMENT FOR THE QUALIFICATION OF THE PUBLIC PROCUREMENT SECTOR IN THE EU POLICY FRAMEWORK FROM A REGIONAL POINT OF VIEW. EMILIAROMAGNA POLICY AND A CASE-STUDY, WITH AN ASSESSMENT ON PPPS IMPACTS AND ADDED VALUE AT A REGIONA)

  • Author(s):Elena Tagliani
  • Language:English
  • Subject(s):Politics, Regional Geography, Economic policy, Policy, planning, forecast and speculation, EU-Accession / EU-DEvelopment, Public Finances
  • Page Range:321-341
  • No. of Pages:21
  • Keywords:Innovation in procurement; Territorial dimension; Regional policy; Sustainable development and territorial strategic planning;
  • Summary/Abstract:In the European and Italian policy contexts, the evolution of PPPs instruments was characterized firstly by the interest for the anti-cyclical aspects, and afterwards for the high innovation potential these tools can bring to the public procurement market. Italian Regions are in charge of many territorial development policies; not only are they policy owners, but also a key factor for the success of any development strategy. Emilia-Romagna Region presents a local policy for the promotion of PPP tools in the regional context; moreover, the Region published in 2013 a case study, with an analysis of the main PPP aspects which can bring positive impacts to the regional economy. The study concludes that PPPs can become a real value for money for a regional authority, mostly when a PPP is operating in a regional strategic framework and in a coherent regional system. In that case, PPP is an instrument to enhance the quality in the public-private relationship, not only regarding the project’s outputs, but also regarding the possible outcomes for the economy and the social inclusion. Furthermore, in a solid regional policy context, public and private partner can build/create added value for all, making sure that the right conditions for success are put in place, and that the PPP instrument is the best suitable for the specific territorial need it’s aimed at.
POTENTIALS OF THE EU PRE-ACCESSION ASSISTANCE IN FINANCING OF LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT: EXPERIENCES OF MONTENEGRO IN MFF 2007-2013

POTENTIALS OF THE EU PRE-ACCESSION ASSISTANCE IN FINANCING OF LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT: EXPERIENCES OF MONTENEGRO IN MFF 2007-2013
(POTENTIALS OF THE EU PRE-ACCESSION ASSISTANCE IN FINANCING OF LOCAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT: EXPERIENCES OF MONTENEGRO IN MFF 2007-2013)

  • Author(s):Gordana Đurović
  • Language:English
  • Subject(s):Politics, Economic history, Economic policy, Transformation Period (1990 - 2010), Present Times (2010 - today), EU-Accession / EU-DEvelopment
  • Page Range:343-363
  • No. of Pages:21
  • Keywords:IPA; Infrastructure projects; Local development; Co-financing; Montenegro;
  • Summary/Abstract:The main aim of the EU instrument for pre-accession assistance (IPA) is to support and assist the candidate countries and potential candidate countries in aligning with the Acquis Communautaire, democratic and economic reforms in countries including infrastructure development, strengthening of local economic development, institutional building including administrative and absorption capacities of local self-government, and improving of regional and cross-border cooperation. IPA support in MFF 2007-2013 will amount to some €11.46bn or €103 per capita in the beneficiary countries (Western Balkans, Turkey and Iceland). For Montenegro, the per capita levels of funding are higher than for the other countries, reflecting a minimum level of funding needed for building adequate central and local administrations, irrespective of the size of the country. Consequently, the EU became the biggest donor in the Western Balkans countries on annual basis. Through the pre-accession assistance based on co-financing principle, the Union significantly supports infrastructure projects, which represent the driving force of the regional and local development. The existence of adequate infrastructure enhances economic development, trade, competitiveness, productivity, economic and social cohesion, as well as better standard of living for the inhabitants of the Western Balkans region. This paper is focused on analysis of IPA programmes in Montenegro in the area of infrastructure and capacity building on local level in the MFF 2007-2013. Main infrastructure projects are defined in the transportation sector (roads, railways) and the environment (water supply, wastewater treatment, and solid waste management) in each IPA budget year, such as support for strengthening of local self-government (capacity building, small infrastructure grants). Based on lessons learned from the previous implementation period it is possible to define challenges ahead for the next 7-years programming period and to define areas of specific interest for future economic development and better regional infrastructure networking.
THE ROLE OF R&D AND INNOVATION IN LOCAL ECONOMIC DEVELOPMENT

THE ROLE OF R&D AND INNOVATION IN LOCAL ECONOMIC DEVELOPMENT
(THE ROLE OF R&D AND INNOVATION IN LOCAL ECONOMIC DEVELOPMENT)

  • Author(s):Maja Bučar
  • Language:English
  • Subject(s):Methodology and research technology, Economic development
  • Page Range:365-382
  • No. of Pages:18
  • Keywords:Innovation policy; Support measures; Governance capacity; R&D;
  • Summary/Abstract:The paper looks at the issue of R&D and innovation first from the overall impact on economic growth and development and discusses questions of national innovation system and its constitutive elements. From there we focus more precisely on the concept of innovation capacity, which is a prerequisite for a specific environment if R&D and innovation efforts are to result in economic development. The build-up of innovation capacity depends on the development of innovation infrastructure, R&D capacity, diffusion and assimilation of innovation as well as the level of market development. Each of these elements can be influenced by appropriate innovation policy and a set of innovation support measures provided by the state, regional or/and local government. The ability to successfully implement innovation support measures depends on governance capacity, which is one of the most critical issues in many transition countries, including Bosnia and Herzegovina.
FISCAL FEDERALISM AND BORROWING OPPORTUNITIES OF LOCAL COMMUNITIES

FISCAL FEDERALISM AND BORROWING OPPORTUNITIES OF LOCAL COMMUNITIES
(FISCAL FEDERALISM AND BORROWING OPPORTUNITIES OF LOCAL COMMUNITIES)

  • Author(s):Željko Rička, Izudin Kešetović
  • Language:English
  • Subject(s):Governance, Economic policy, Economic development, Public Finances, Fiscal Politics / Budgeting
  • Page Range:383-400
  • No. of Pages:18
  • Keywords:Fiscal federalism; Local communities; Fiscal equalization; Public debt; Budget; Public-private partnerships; Emission of municipal bonds;
  • Summary/Abstract:The principles of the European Charter of Local Self-Government were accepted and incorporated in the legislation of Bosnia and Herzegovina. Fiscal federalism is classified in the area of public finance theory that studies the system of collection and distribution of resources in the public sector with two or more levels of government. In practice, in the public sector we have an increasing presence of a trend of decentralization of powers and jurisdictions of the state through: the transfer of political power and the transfer of influence from higher to lower levels of government. Decentralization achieves some of the following goals: reducing the share of public sector in the overall economy, mobilization of public revenues while reducing the cost of public services, harmonization of responsibilities for local public expenditures and the available financial resources, boosting of own revenues of local authorities, promotion of cooperation between different levels of fiscal government in provision of public services. Characteristic of the mechanisms of financing of local government units in Bosnia and Herzegovina are different levels of development, which is why there is a need to find financing models that would meet the needs of local population and achieve the highest possible level of harmonization of standards, as well as a higher degree of fiscal decentralization. The theory and practice developed the forms of financial equalization: vertical financial equalization and horizontal financial equalization. According to the principles of the European Charter on Local Self-Government, local authorities have the right to adequate sources of financing which they shall freely use within the framework of their powers. Funding sources should be appropriate to their powers. Objectification of allocation of public revenues by levels of state organization is achieved through harmonized policy for allocation of public revenue and fiscal equalization policy at all levels of government. A significant part of the local units’ budget is quite meagre and strict. This is particularly true in local units in which most of the revenues are non-tax revenues. These non-tax revenues have established intended use (mostly for the cost of maintenance functions of the local community and large constructions). Such tying of revenue with precisely set use prevents local governments to be more flexible in allocation of budgetary resources. Based on the analysis of debt and borrowing of local government units, as well as research, we came to an assessment that there are real conditions and opportunities for local government borrowing in Bosnia and Herzegovina. Local units mainly borrow from a bank (or banks) in which they have deposited funds and whose accounts are used for cash management. There are few incentives and initiatives for borrowing by issuing of municipal bonds. One limitation is the lack of interest or knowledge to present all the costs and benefits of planned capital investments and to assess the financial potential and ability to repay debt. Promising modalities of financing of local communities in Bosnia and Herzegovina are those of public-private partnerships and emissions of municipal bonds that would require reliable demonstration of justification of borrowing purposes at the time of approval.
INNOVATION AND ENTREPRENEURSHIP - INVESTMENT IN PEOPLE AND SKILLS

INNOVATION AND ENTREPRENEURSHIP - INVESTMENT IN PEOPLE AND SKILLS
(INNOVATION AND ENTREPRENEURSHIP - INVESTMENT IN PEOPLE AND SKILLS)

  • Author(s):Fuada Stanković
  • Language:English
  • Subject(s):Education, Business Economy / Management, Higher Education , State/Government and Education
  • Page Range:401-413
  • No. of Pages:13
  • Keywords:Innovation; Entrepreneurship; Skills; Smart specialisation; Role of universities;
  • Summary/Abstract:The paper focuses on the role of innovation, entrepreneurship and education in skills to create change and foster local/regional development in SEE. Short review of key theories and research are introduced as the basis for understanding the dynamics and practice of innovation and entrepreneurship. These include discussion on some global concepts such as smart specialization, the role of universities, national systems and institutions as well as some cases of good practice. International context is of great importance and international projects and cross-border cooperation play an important role – good example is EU Strategy for the Danube Region.
THE ROLE AND IMPORTANCE OF THE PUBLIC-PRIVATE PARTNERSHIP IN THE REPUBLIC OF SERBIA IN FINANCING LOCAL ECONOMIC DEVELOPMENT

THE ROLE AND IMPORTANCE OF THE PUBLIC-PRIVATE PARTNERSHIP IN THE REPUBLIC OF SERBIA IN FINANCING LOCAL ECONOMIC DEVELOPMENT
(THE ROLE AND IMPORTANCE OF THE PUBLIC-PRIVATE PARTNERSHIP IN THE REPUBLIC OF SERBIA IN FINANCING LOCAL ECONOMIC DEVELOPMENT)

  • Author(s):Andrijana Jovanović
  • Language:English
  • Subject(s):Business Economy / Management, Governance, Economic policy, Economic development, Public Finances
  • Page Range:415-425
  • No. of Pages:11
  • Keywords:Public private partnership; Concessions; Commission for public private partnership; Pubic sector; Private sector; Cooperation; Local economic development; Public interest; Budget funding;
  • Summary/Abstract:Due to the current needs of the construction of new public infrastructure, investment in goods of general interest and the public interest by providing services in the Republic of Serbia, it is necessary to create a framework to attract private investment, notably through the establishment of public-private partnerships, which would specifically be aimed to increase the number of private investments, contribute to the development of infrastructure and reduce public debt. With the Law on public-private partnerships and concessions, which was adopted in November 2011, the concept of public-private partnership was introduced to the legal system of the Republic of Serbia for the first time, and thus it was allowed to state and local authorities to fulfil the needs for infrastructure and public services and to achieve this model, with clearly established rules of conduct. The law regulates the models for public-private partnerships and concessions, and the Commission of a public-private partnership is established. The Commission has a consulting, informative, expertise and educational role in relation to the formulation and implementation of public-private partnerships, and it is authorized to produce methodological documents, determining the need for new forms of financing apart from traditional budgetary funding. Linking public and private sectors enables support to ongoing development and implementation of local strategies for sustainable development, in order to improve the quality of life. The essence of private sector involvement in traditional public affairs is to reduce the fiscal pressure on local budgets, accelerating infrastructure investments, improving services, and encouraging the growth of output and job creation.
THE BASE METHODOLOGY TO SAFE IMPLEMENTATION OF PUBLIC PRIVATE PARTNERSHIP ON THE EMERGING MARKET OF THE SOUTH EAST EUROPE

THE BASE METHODOLOGY TO SAFE IMPLEMENTATION OF PUBLIC PRIVATE PARTNERSHIP ON THE EMERGING MARKET OF THE SOUTH EAST EUROPE
(THE BASE METHODOLOGY TO SAFE IMPLEMENTATION OF PUBLIC PRIVATE PARTNERSHIP ON THE EMERGING MARKET OF THE SOUTH EAST EUROPE)

  • Author(s):Izet Bajrambašić
  • Language:English
  • Subject(s):Business Economy / Management, Regional Geography, Economic policy, Methodology and research technology, Economic development, Public Finances
  • Page Range:427-436
  • No. of Pages:10
  • Keywords:Project financing; Developer; Circular cooperation;
  • Summary/Abstract:The market of the South East Europe (SEE) is recognized as emerging market of the transition countries which needs priority investment in different infrastructure projects for sustainable development. Infrastructure of a country is understood as the fundamental service foundation of economy, society and overall development. It is very well known that adequate services are necessary for the development of the economy, including transport, electric power, telecommunications, water supply etc. The transition countries are financially constrained and they have big problems in financing infrastructure projects, especially during the global financial crisis. These projects are generally characterised by high development and maintenance costs, and historically it was seen as the role of the government to fund and manage these assets. A way to fund and manage these assets in this challenging environment is via Public Private Partnership (PPP). Financing and development of infrastructure on the base of PPP means introducing the private sector in financing and management of public services and physical infrastructure. The key question is how to implement PPP on the emerging market of the SEE? The methodology to implement PPP has to be understandable, functional and practicable. It has to cover core tasks and performers which can produce planed results. The base Methodology for safe implementation of PPP needs cohesion of the following important elements: training, projects development, finance structure arrangement and implementation. The units and individual experts of the organisation structure need strong cohesion and it is necessary that everybody understands individual and complete process. Training Unit has task to train experts of the beneficiaries for PPP. It has to have corresponding infrastructure and equipment, good trainer, experience in education and training and possibility to organise training. The Project Developer (project development and finance structure arrangement) has task to develop PPP projects. The Developer will develop projects based on strategic document of the beneficiaries (municipalities, cantons, entities and state). Certified experts from Training Unit will be included. Implementation of the PPP project is guided by the Beneficiary (including certified experts trained according to their needs), with assistance of the Developer. This Methodology for safe implementation of PPP has strong cohesion units and activities “top to down” to follow up feasible and sustainable investment process.
LIST OF PARTICIPANTS OF SCIENTIFIC CONFERENCE

LIST OF PARTICIPANTS OF SCIENTIFIC CONFERENCE
(LIST OF PARTICIPANTS OF SCIENTIFIC CONFERENCE)

  • Author(s):Not Specified Author
  • Language:English
  • Subject(s):Scientific Life
  • Page Range:437-441
  • No. of Pages:5
  • Keywords:conference; participants list;
LIST OF PARTICIPANTS OF FORUM OF MAYORS

LIST OF PARTICIPANTS OF FORUM OF MAYORS
(LIST OF PARTICIPANTS OF FORUM OF MAYORS)

  • Author(s):Not Specified Author
  • Language:English
  • Subject(s):Scientific Life
  • Page Range:442-444
  • No. of Pages:3
  • Keywords:conference; participants list; forum of mayors;
PROGRAMME

PROGRAMME
(PROGRAMME)

  • Author(s):Not Specified Author
  • Language:English
  • Subject(s):Scientific Life
  • Page Range:445-448
  • No. of Pages:4
  • Keywords:conference; programme;
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