ECONOMIC POTENTIAL OF AGRO-FOOD PRODUCTION IN THE REPUBLIC OF SERBIA
DOI:
https://doi.org/10.5937/ekoPolj2103687CKeywords:
competitiveness, trade structure, comparative advantage, RCA, Lafays and GL IndexAbstract
This research conducted a structural and analysis of the foreign trade position of the Republic of Serbia, with special emphasis on agricultural and food products, in order to provide detailed information regarding current trends, measuring the level of comparative advantage and international position in the world and European markets. The obtained results indicate the elements that have a limiting effect on the development of this type of production. Using the RCA Index methodology and the Lafays Index, the link between the food industry and the character of industrial exchange was established, which is measured by the Grubel Lloyds Index. The structure of exports was analyzed from the aspect of factor intensity, so the existence of negative values of a comparative advantage and intensive goods was confirmed. Finally, we believe that the results obtained have contributed to the unraveling of available instruments, the eventual efficient use of which would help rural development, and thus the overall economic development of the Republic of Serbia.
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References
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24. Tasić, J. Geographical and Economic Performance of Organic Agriculture and Tourist Gastronomy in Serbia. Oditor, 4(1), p. 38-51 [in Serbian: Geografske i ekonomske performance organske poljoprivrede i turistička gastronomija u Srbiji] doi: 10.5937/Oditor1801038T
25. Toming, K. (2006). Accession to the eu: did it boost the export competitiveness of the Estonian food processing industry? University of Tartu - Faculty of Economics & Business Administration Working Paper Series, 47, p. 3-63.
26. Voronkova, O.Y., Perepechkina, E. G., Shichiyakah, R. A., Kuts, V. I., Sungurov, P. A. & Glazkova, G. V. (2019). Ecological and Economic Potential and Prospects for Organic Production in the Regions of Russia. International Journal of Economics and Business Administration, 7(1), p. 583-594
27. Vujić, M. ., Đorđević, S. ., & Lakićević, M. . (2019). Service quality and customer satisfaction in the hotel industry in Serbia . Hotel and Tourism Management, 7(1), 61–70. https://doi.org/10.5937/menhottur1901061V
28. Yilmaz, B. & Ergun, S. J. (2003). The trade foreign trade pattern and foreign trade specialization of candidates of the European Union (No. 19). Ezoneplus Working Paper.
2. Balassa, B. (1965). Trade Liberalization and Revealed Comparative Advantage. The Manchester School, 33, p. 99-123
3. Brodowska-Szewczuk, J. (2019). Determinants of the development of enterprises innovativeness in the aspect of competitiveness of the economy. Entrepreneurship and Sustainability Issues, 7(2), p. 1279-1295. doi: 10.9770/jesi.2019.7.2(33)
4. Ceylan, R. F., Sayin, C., Ozkan, B., Akpinar, M. G. & Ilbasmis, E. (2018). Comparative advantage analysis for Turkish grape and cherries export market. International Journal of Agriculture, Forestry and Life Science, 2(2), p. 75-86.
5. Đukić, K., Prodanović, R., Čavlin, M. & Lukač-Bulatović, M. (2020). Economic Performances of Agro-Industry in AP Vojvodina. Oditor, 6(2), p. 7-19 [in Serbian: Ekonomske performanse agroindustrije u AP Vojvodini] doi: 10.5937/Oditor2002007D
6. Đukić, S., Tomaš-Simin, M. & Glavaš-Trbić, D. (2018). The Competitiveness of Serbian Agro-Food Sector. Economics of Agriculture, 64(2), p. 723-737. doi: 10.593/ekoPolj1702723D
7. Erlat, G. and Erlat, H. (2012). The Comaparative Advantage of Turkish Exports vis- à-vis the European Union and OECD Countries, 1990-2000. Ekonomik Yaklasim, 23(1), p. 77-106. doi: 10.5455/ey.20008
8. Gechabia, B., Kharaishvili, E. & Mushkudiani, Z. (2019). The trends of producing agro-food products and export innovative marketing strategy in Georgia. Economics. Ecology. Socium, 3(3), p. 1-10. doi: 10.31520/2616-7107/2019.3.3-1
9. Granabetter, D. (2016). Revealed Comparative Advantage Index: An Analysis of Export Trade in the Austrian District of Burgenland. Review of Innovation and Competitiveness, 2(2), p. 97-114
10. Grubel, H. and Lloyd, P. (1975). Intra-industry Trade: The Theory and Measurement of International Trade in Differentiated Products. New York: Wiley.
11. Hufbauer, C.G. and Chilas, J.C. (1974). Specialization by Industrial Countries: Extent and Consequences. The International Division of Labor: Problems and Perspectives – International Symposium (ed. by H. Gerisch), Tubinegen, Germany, p. 3-38
12. Ignjatijević, S., Ćirić, M., Đokić, M. & Kovačević, B. (2013). Structural analysis of international trade on the Danube region countries, Technics Technologies Education Management, 8(1), p. 120-128.
13. Ignjatijević, S., Vassileva, A., Vapa Tankosić, J., Vapa, B., Ristić, K. & Mihajlović, M. (2021). Bulgarias Processed Food Industry – Transition to Market Economy. Economics of Agriculture, 68(1), p. 229-240. doi: 10.5937/ekoPolj2101229I
14. Korableva, O.N., Kalimullina, O.V., Zaytseva, A.A. & Larionov, A. I. (2018). Elaboration of database for the subject domain of innovation and economic growth potential. 31st International Business Information Management Associattion Conference – IBIMA Proceedings: Innovation Management and Education Excellence through Vision 2020, p. 6065-6073
15. Lafay, G. (1992). The Measurement of Revealed Comparative Advantages in M. G. Dagenais and P. A. Muet (eds). International Trade Modelling, London: Chapman & Hall.
16. Monaco, F., Zasada, I., Wascher, D., Glavan, M., Pintar, M., Schmutz, U., Mazzocchi, C., Corsi, S. & Sali. G. (2017). Food production and Consumption: City Regions between Localism, Agricultural Land Displacement, and Economic Competitiveness. Sustainability, 9(1), p. 96. doi: 10.3390/su9010096
17. Poltarykhin, A. L., Alekseev, А. E., Kudryavtsev, V. V., Makhanova, T. A., Voronkova, O. Y., & Aydinov, H. T. (2018). Prospects for the development of the green economy of russian federation. European Research Studies Journal, 21(4), 470-479. doi: 10.35808/ERSJ/1135
18. Popescu, G, Sima, V., Nica, E. & Gheorghe, I.G. (2017). Measuring Sustainable Competitiveness in Contemporary Economies – Insights from European Economy. Sustainability, 9(7), p.1230. doi: 10.3390/su9071230
19. Proag, V. (2014). Assessing and Measuring Resilience. Procedia Economic and Finance, 18, p. 222-229. doi: 10.1016/S2212-5671(14)00934-4
20. Rose, A. and Liao, S-Y. (2005). Modeling Regional Economic Resilience to Disasters: A Computable General Equilibrium Analysis of Water Service Disruptions. Journal of Regional Science, 45(1), p. 75-112. doi: 10.1111/j.0022-4146.2005.00365.x
21. Rutkauskas, V. (2008). On the sustainability of regional competitiveness development considering risk. Technological and Economic Development of Economy, 14(1), p. 88-99. doi: 10.3846/2029-0187.2008.14.89-99
22. Šapić, S., Furtula, S., Durkalić, D., (2018). Prestige and national identity as predictors of food products purchase. Economics of Agriculture, 65 (2), 643-657,. doi: https://doi.org/10.5937/ekoPolj1802643S.
23. Serin, V. & Civan, A. (2008). Revealed Comparative Advantage and Competitiveness: A Case Study for Turkey towards the EU. Journal of Economic and Social Research, 10(2), p. 25-41.
24. Tasić, J. Geographical and Economic Performance of Organic Agriculture and Tourist Gastronomy in Serbia. Oditor, 4(1), p. 38-51 [in Serbian: Geografske i ekonomske performance organske poljoprivrede i turistička gastronomija u Srbiji] doi: 10.5937/Oditor1801038T
25. Toming, K. (2006). Accession to the eu: did it boost the export competitiveness of the Estonian food processing industry? University of Tartu - Faculty of Economics & Business Administration Working Paper Series, 47, p. 3-63.
26. Voronkova, O.Y., Perepechkina, E. G., Shichiyakah, R. A., Kuts, V. I., Sungurov, P. A. & Glazkova, G. V. (2019). Ecological and Economic Potential and Prospects for Organic Production in the Regions of Russia. International Journal of Economics and Business Administration, 7(1), p. 583-594
27. Vujić, M. ., Đorđević, S. ., & Lakićević, M. . (2019). Service quality and customer satisfaction in the hotel industry in Serbia . Hotel and Tourism Management, 7(1), 61–70. https://doi.org/10.5937/menhottur1901061V
28. Yilmaz, B. & Ergun, S. J. (2003). The trade foreign trade pattern and foreign trade specialization of candidates of the European Union (No. 19). Ezoneplus Working Paper.
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Published
2021-09-25
How to Cite
Ćurčić, M., Todorović, V., Dakić, P., Ristić, K., Bogavac, M., Špiler, M., & Rosić, M. (2021). ECONOMIC POTENTIAL OF AGRO-FOOD PRODUCTION IN THE REPUBLIC OF SERBIA. Economics of Agriculture, 68(3), 687–700. https://doi.org/10.5937/ekoPolj2103687C
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