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Preliminary communication

Serbian SME’s Still Represent a Potential for Overall Economic Development

Miroljub Hadžić ; University Singidunum, Belgrade, Serbia
Branka Paunović ; School of Business, Novi Sad, Serbia

Fulltext: english, pdf (126 KB) pages 31-40 downloads: 29* cite
APA 6th Edition
Hadžić, M. & Paunović, B. (2019). Serbian SME’s Still Represent a Potential for Overall Economic Development. Journal of Accounting and Management, IX (1), 31-40. Retrieved from https://hrcak.srce.hr/224766
MLA 8th Edition
Hadžić, Miroljub and Branka Paunović. "Serbian SME’s Still Represent a Potential for Overall Economic Development." Journal of Accounting and Management, vol. IX, no. 1, 2019, pp. 31-40. https://hrcak.srce.hr/224766. Accessed 14 Aug. 2020.
Chicago 17th Edition
Hadžić, Miroljub and Branka Paunović. "Serbian SME’s Still Represent a Potential for Overall Economic Development." Journal of Accounting and Management IX, no. 1 (2019): 31-40. https://hrcak.srce.hr/224766
Harvard
Hadžić, M., and Paunović, B. (2019). 'Serbian SME’s Still Represent a Potential for Overall Economic Development', Journal of Accounting and Management, IX(1), pp. 31-40. Available at: https://hrcak.srce.hr/224766 (Accessed 14 August 2020)
Vancouver
Hadžić M, Paunović B. Serbian SME’s Still Represent a Potential for Overall Economic Development. Journal of Accounting and Management [Internet]. 2019 [cited 2020 August 14];IX(1):31-40. Available from: https://hrcak.srce.hr/224766
IEEE
M. Hadžić and B. Paunović, "Serbian SME’s Still Represent a Potential for Overall Economic Development", Journal of Accounting and Management, vol.IX, no. 1, pp. 31-40, 2019. [Online]. Available: https://hrcak.srce.hr/224766. [Accessed: 14 August 2020]

Abstracts
Although late, economic development of Serbia prior to the Global economic crisis was relatively fast, comparing to other transitory economies. Small and medium scale enterprises (SMEs) had also fast growth and become important economic subject. The Global economic crisis has negatively influenced the national economy from late 2009, including SMEs. Those companies and shops are on the low level of international competitiveness, as a consequence of process of de – industrialization and slow process of restructuring. In order to get better look into labor productivity driving forces an analysis was performed through regression framework, while the analyses, performed for EU countries was used as a benchmark. Those results pointed that labor productivity growth of Serbian SMEs during recession years was results of decreasing employment and not from expansion. It also pointed that export growth and investments growth are important for increase in labor productivity. Improving labor productivity is essentially important for increasing international competitiveness of Serbian SMEs. It is very complex issue from analytical point of view and improvement in data basis and analytical methodology would be useful, especially for decision makers and policy makers also.

Keywords
transition; SME; growth; development; competitiveness; productivity

Hrčak ID: 224766

URI
https://hrcak.srce.hr/224766

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