Original scientific paper
ANALYSIS OF THE PERFORMANCE OF THE SERBIAN ECONOMY BASED ON THE MEREC-WASPAS METHOD
Radojko Lukić
orcid.org/0000-0001-6529-0297
; Faculty of Economics, University of Belgrade, Serbia
Abstract
It is a very challenging problem to analyze the performance of the economy of each country based on
multi-criteria decision-making methods. Based on that, this paper analyzes the performance of the
Serbian economy based on the MEREC-WASPAS method. According to the results of the WASPAS
method, the best performance of the Serbian economy was in 2012. The following are: 2016, 2021,
2010, 2011, 2017, 2019, 2015, 2018, 2013, 2014, and 2020. The performance of the Serbian economy
was infl uenced by real GDP growth, consumer prices , foreign exchange reserves, export of goods
and services, import of goods and services, unemployment, earnings, consolidated fi nancial result,
public debt, exchange rate and GDP. Effective control of these and other factors can signifi cantly infl
uence the achievement of the target performance of the Serbian economy. By increasing liquidity,
solvency, the degree of open economy, as well as by mitigating exposure to fi nancial risk, it is also
possible to infl uence the improvement of the performance of the Serbian economy. In addition, it
should be emphasized that recently the performance of the Serbian economy has been affected to a
certain extent by the global political climate, the Covid 19 pandemic and the energy crisis.
Keywords
performance; determinants; Serbian economy; MEREC-WASPAS method
Hrčak ID:
301434
URI
Publication date:
8.5.2023.
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