INTERSECTORAL LINKAGES AND THEIR CONTRIBUTION TO ECONOMIC GROWTH IN THE REPUBLIC OF SERBIA

Jelena Stanojević, Bojan Krstić

DOI Number
https://doi.org/10.22190/FUEO1902197S
First page
197
Last page
213

Abstract


The high level of interconnection between economic sectors, respectively agriculture, manufacturing and the service sector, imposes the need to understand intersectoral structural changes and transfer of resources between sectors in order to perceive their contribution to economic development. Based on the rich information base compiled by data from various national and international statistic sources, intersectoral structural changes in the Republic of Serbia as one of the transition economies are analysed from different aspects. The paper deals primarily with the share of economic sectors in the gross domestic product. Further, it points to the participation of economic sectors in overall employment, but also in international trade. The research goal is to analyze the structural changes in the Serbian economy, identify the direction of resource transfer between sectors, as well as their contribution to the economic development measured by different indicators.


Keywords

Intersectoral linkages, structural changes, economic growth, the Republic of Serbia

Full Text:

PDF

References


Adelman, I. (1999). Fallacies in Development Theory and Their Implications for Policy. In M. &. Stiglitz, Frontiers of development economics: The future in perspective (pp. 103-134). New York: World Bank.

Ark, V. (1995). Sectoral Growth Accounting and Structural Change in Postwar Europe. Groningen Growth and Development Centre, University of Groningen.

Dietrich, A. (2009). Does Growth Cause Structural Change, or Is it the Other Way Round? A Dynamic Panel Data Analyses for Seven OECD Countries. Jena: Jena Economic Research Papers.

Downes, P. & Stoeckel, A. (2006). Drivers of Structural Change in the Australian Economy. Sydney: Centre for International Economics – Canberra & Sydney.

Frane, A. (2014). Measuring National Innovation Performance. Springer Briefs in Economics.

Hayami, Y. & Godo, Y. (2005). Development Economics: From the Poverty to the Wealth of Nations. Oxford: Oxford University Press.

Johnston, W. (1990). Structural Change and the Recognition of Diversity. American Journal of Agricultural Economics, 72, 1109-1123.

Kenneth, D., Caroline, J. & Lynk, E.L. (1992). Industrial Organization: Competition, Growth and Structural Change. London: Routledge.

Крстић, Б., Станојевић, Ј., Станишић, Т. (2015). Глобализација и њене импликације као једног од најзначајнијих фактора структурних промена Globalization and its implications as one of the most important drivers of structural changes. Друштвени и технолошки развој у ери глобализације - СЕРДА 2015 (стр. 31-44). Бијељина: Слобомир П Универзитет.

Memedovic, O. & Lapadre, L. (2010). Structural Change in the World Economy: Main Features and Trends. Vienna: United Nations Industrial Development.

Mankiw, G. (2002). Principles of Economics. South-Western Cengage Learning.

Mankiw, G. (2001). Principles of Macroeconomics. South-Western Cengage Learning.

Raiser, M. Schaffer, M. & Schuchhardt, J. (2003). Benchmarking structural change in transition. European Bank for Reconstruction and Development.

Quatraro, F. (2012). The Economics of Structural Change in Knowledge. Valbonne: Routledge.

Seyoum, B. (2009). Export-Import Theory, Practices, and Procedures. London: Routledge.

Statistical Office of the Republic of Serbia. (2018). Retrieved: www.stat.gov.rs.

Statistical Office of the Republic of Serbia. (2005-2016). The Statistical Yearbook

WEF. (2016-2017). Global Competitiveness Report. Geneva: World Economic Forum.




DOI: https://doi.org/10.22190/FUEO1902197S

Refbacks

  • There are currently no refbacks.


ISSN 0354-4699 (Print)

ISSN 2406-050X (Online)