MONTENEGRIN AGRICULTURE: DIAGNOSIS AND POLICY RECOMMENDATIONS

  • Nikola Fabris, PhD Faculty of Economics, Belgrade University, Chief Ecnomist, Central Bank of Montenegro
  • Igor Pejović Professional Studies in Accounting and Financial Markets, Belgrade

Abstract

Montenegro has turned to the service sector in the last two decades and agriculture is largely neglected. The neglect of agriculture has a negative effect on the creation of GDP, employment, current account defcit (of balance of payment) and starting of migrations from rural to urban areas of the country. The authors of this paper set up two goals. First to do an analysis of the situation in agriculture from macroeconomic and accounting aspect. Second goal is to provide policy recommendations for improving situation in agriculture of Montenegro on the bases of the obtained results. The authors used the base of the fnal accounts of Central Bank of Montenegro for the calculation of the most important ratio indicators. Key recommendations relate to the credit support to agricultural sector, increasing amount of subventions, granting of tax benefts, raising the degree of technical equipment and application of agro-technical measures, as well as the improvement of general living conditions in rural areas.

Downloads

Download data is not yet available.

References

1. Centralna Banka Crne Gore (2011): Informacija o poslovanju crnogorske privrede, Podgorica.
2. Centralna Banka Crne Gore (2011a): Preporuke za ekonomsku politiku u 2012 godini, poglavlje Preporuke u domenu poljoprivredne proizvodnje i šumarstva, Podgorica.
3. Christiaensen, L. J., Demery, L. (2007): Down to Earth: Agriculture and Poverty in Africa, World Bank, Washington.
4. Croppenstedt, A., Mulat, D., Meschi, M. (2003): Technology Adoption in the Presence of Constraints: The Case of Fertilizer Demand in Ethiopia, Review of Development Economics, Blackwell Publishing, vol. 7, issue 1:58–70, New Jersey.
5. Datt, G., Ravallion, M. (1996): How Important to India‘s Poor is the Sectoral Composition of Economic Growth?, The World Bank Economic Review, World Bank, vol. 10, issue 1:1–25, Washington.
6. Dethier, J. J., Effenberger, A. (2011): Agriculture and Development, World Bank Policy Research Working Paper no 5553, World Bank, Washington.
7. Dimitrijević, B., Fabris, N. (2007): Ekonomska politika, Ekonomski fakultet, Beograd.
8. Dragos, I. (2012): Financing Rural and Agri-food Economy in the Conditions of World crisis, Economics of Agriculture, Institute of Agricultural Economics, Vol. 59, Special issue – 1, p. 142 -148.
9. Fabris, N., Jandrić, M. (2011): Crnogorski model tranzicije: ex post analiza, Kontroverze ekonomskog razvoja u tranziciji, 7. maj 2011, Beograd, Naučno društvo ekonomista, str. 109-124.
10. Fabris, N., Mijatović, M. (2011): Critical Overview of Montenegro’s Growth Model, Europe and the Balkans: Economic Integrations, Challenges and Solutions, February 3 and 4, Orleans, University of Orleans, p. 112-126.
11. FAO (2006): World Agriculture: Towards 2030/2050, Interim Report, Rome.
12. Investopedia, Debt Ratio, available at: http://www.investopedia.com/terms/d/debtratio.asp#axzz1ozIZrRYl
13. Jakšić, M., Redaktor (2006): Ekonomski rečnik, Ekonomski fakultet, Beograd.
14. Jovanovic, M., Despotovic, A. (2012): The Analysis of Socio-Economic Conditions for Organic Production in Montenegro, Economics of Agriculture, Institute of Agricultural Economics, Belgrade, Vol. 59, issue 2, p. 207-216.
15. Kozarić, K., Fabris, N. (2012): Monetarno-kreditna poltika, Fojnica štamparija, Sarajevo.
16. Loayza, N. V., Raddatz, C. (2010): The Composition of Growth Matters for Poverty Alleviation, Journal of Development Economics, Elsevier, vol. 93, issue 1:137–151.
17. Matz, L. (2005): Liquidity Risk Management, Sheshunoff, New York.
18. McNeely, J., Scherr, S. (2002): Ecoagriculture: Strategies to Feed the World and Save Wild Biodiversity, Island Press, Washington.
19. Mellor, J. W. (2001): Irrigation Agriculture and Poverty Reduction: General Relationships and Specifc Needs, Pro-Poor Intervention Strategies in irrigated Agriculture in Asia, August 9-10, 2001, Colombo, Sri Lanka, International Water Management Institute.
20. Ministarstvo Ekonomije Crne Gore (2010): Strategija regionalnog razvoja Crne Gore 2010–2014, Podgorica.
21. Ministarstvo poljoprivrede, šumarstva i vodoprivrede Crne Gore (2010): Agrarni budžet za 2011 godinu, Podgorica.
22. Ministarstvo poljoprivrede, šumarstva i vodoprivrede Crne Gore (2008): Nacionalni program proizvodnje hrane i razvoja ruralnih područja 2009 – 2013, Podgorica.
23. Monstat (2005): Nacionalna ili etnička pripadnost – Podaci po naseljima I opštinama, Knjiga 1, Podgorica.
24. Monstat (2010): Popis poljoprivrede – prvi rezultati, Podgorica.
25. Monstat (2011): Statistički godišnjak 2011, Podgorica.
26. MONSTAT (2011a): Prvi rezultati popisa stanovništva, domaćinstava i stanova u Crnoj Gori, Podgorica.
27. Monstat (2012): Minimalna potrošačka korpa u Crnoj Gori, Saopštenje br. 3/2012, Podgorica.
28. Monstat (2012a): Prosječne zarade, Saopštenje br. 4/2012, Podgorica.
29. Pretty, J. (1995): Regenerating Agriculture: An Alternative Strategy for Growth, Earthscan Publications Limited, London.
30. Self, S., Grabowski, R. (2007): Economic Development and the Role of Agricultural Technology, Agricultural Economics, International Association of Agricultural Economists, vol. 36, issue 3:395–404.
31. Spasić, I. (2012): Fundamentalna analiza akcija i fnansijska analiza, Ekonomski fakultet, Beograd, www.ekof.bg.ac.rs/nastava/trgovina_HOV/FUNDAMENTALNA_ANALIZA_AKCIJA%20I.ppt#256,1,FUNDAMENTALNA_ANALIZA_AKCIJA_I, retrived march2012.
32. Trajčevska, R., Galic, J., Fabris, N. (1999): Wheter rules of WTO will Broaden Gap beetween the Least and the Most Developed Countries?, The 12th World Congress of International Economics Association, 23-27 August, 1999, Buenos Aires, available at http://pdc.ceu.hu/archive/00001415/01/gal99-e.pdf
33. World Bank (2007): World Development Report 2008: Agriculture for Development, Washington.
34. World Bank (2009): Agriculture Plan for 2010 – 2012, Washington.
35. Žugić, R. (2012): Medjuzavisnost strukturnih promjena i efkasnosti investicija na primjeru Crne Gore, Neobjavljena doktorska disertacija, (neobjavljena doktorska disertacija), Beogradska banakarska akademija, Beograd.
Published
2012-12-31
How to Cite
FABRIS, Nikola; PEJOVIĆ, Igor. MONTENEGRIN AGRICULTURE: DIAGNOSIS AND POLICY RECOMMENDATIONS. Economics of Agriculture, [S.l.], v. 59, n. 4, p. 657-673, dec. 2012. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/536>. Date accessed: 22 oct. 2020.