COMPETITIVENESS OF AGRI-FOOD EXPORTS OF THE REPUBLIC OF SERBIA IN THE COVID-19 CONDITIONS

Milan Marković; Bojan Krstić; Slavica Popović

doi:10.5937/ekoPolj2201227M

Authors

Milan Marković Innovation Center of the University of Niš http://orcid.org/0000-0002-9617-6697
Bojan Krstić Faculty of Economics, University of Niš http://orcid.org/0000-0003-4597-6819
Slavica Popović Faculty of applied sciences, University "Union-Nikola Tesla" http://orcid.org/0000-0003-4985-929X

DOI:

https://doi.org/10.5937/ekoPolj2201227M

Keywords:

exports, agri-food sector, competitiveness, Republic of Serbia, pandemic

Abstract

The research aims to determine the intensity and direction of the impact of the global health and economic crisis from 2020 on the export competitiveness of the agri-food sector of the Republic of Serbia. Empirical study shows that there was an increase in the importance of exports of agri-food products in the crisis year 2020 according to all analysed indicators (net exports index, index of contribution to trade balance, relative coverage of imports by exports, unit values of exports). This confirms the hypothesis that this sector has exceptional resilience to crisis events. Moreover, net exports of these products increased significantly in 2020 compared to 2019 as a pre-crisis year. Therefore, the agri-food sector of the Republic of Serbia plays an important role in periods of such a crisis caused by non-economic factors, because it can compensate for the decline in exports and gross value added of other sectors.

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Author Biographies

Milan Marković, Innovation Center of the University of Niš

Ph.D. in Economics, Research Associate

Bojan Krstić, Faculty of Economics, University of Niš

PhD, Full professor

Slavica Popović, Faculty of applied sciences, University "Union-Nikola Tesla"

PhD, Assistant professor

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