Industrija

Managing the energy transition - the road to a green economy without losers

Zoran Ristić, Petar Čelik — Tue, 17 Sep 2024 13:49:31 +0200

The transition towards a low-carbon economy over the next few decades poses a global challenge, including for Serbia. In regions whose economic development relies on mining (exploitation of non-renewable sources of energy and raw materials), there is a crucial need for investments in new sources of clean energy, the development of new industries, and the creation of new green jobs. Anticipating these trends and their impact on existing mine workers is essential for effectively managing the energy transition and creating a green economy where they won't be left behind. The authors of this paper focus on analyzing the attitudes of mine workers in Serbia regarding this issue and their readiness to embrace changes, aiming to contribute to the promotion of the need for an accelerated and fair energy transition. To ensure the relevance of the conclusions, field research was conducted during November and December 2023, coupled with an analysis of available literature and officially accessible public documents related to this field. Efficient management of the energy transition requires aligning strategies for reindustrialization, innovation, the adoption of clean technologies, and investments in green infrastructure. Simultaneously, measures ensuring a smooth transition are necessary, including social protection, training for acquiring new knowledge and skills, labor market policies, as well as community development and renewal.

Keywords: just energy transition, green economy, renewable sources.

How macroeconomic determinants influence the bank liquidity: The case of Serbia

Branimir Kalaš, Vera Mirović, Nataša Pavlović — Tue, 17 Sep 2024 14:01:23 +0200

The objective of the research paper is to highlight the importance of macroeconomic framework to banking sector stability, as well as determine how selected macroeconomic determinants affect bank liquidity. The paper analyzes the influence of macroeconomic determinants on bank liquidity in Serbia from 2008 to 2022. Employing OLS model, the research discovered a significant influence of GDP growth rate, inflation, unemployment and gross savings, while gross government debt negatively affects bank liquidity, but without statistical significance. The obtained results indicate that a higher GDP growth rate and inflation rate lead to greater bank liquidity position, while a greater unemployment rate erodes the bank liquidity for the observed period. Likewise, a sufficient evel of gross savings enable positive influence on bank liquidity, while increased debt position has harmful effect on bank liquidity. These findings can be lucrative for bank managers, regulators, and economic policymakers during creating strategies, policies and procedures in terms of bank liquidity and stability.

Post-covid recovery of the meetings industry in the Republic of Serbia

Sonja Lazarević, Milena Laban — Tue, 17 Sep 2024 14:04:24 +0200

The meetings industry is one of the fastest developing segment of the tourism market and inevitable component of performances achieved on the destination level. The Covid-19 crisis has transformed the way this industry operates, leading to new ways of holding meetings. The aim of the paper is to analyze the effect of the Covid-19 pandemic on meetings’ industry performances of the Republic of Serbia, as well as its post-covid recovery in this country. The results of the analysis showed a decrease in the meetings held in pandemic years, but also a recovery in 2022. Results also showed that holding virtual meetings became the new normal. Moreover, online meetings were the foundation for developing novel approaches for the new future of the meetings industry and special event management.

Will Bitcoin Become the 21st Century Gold? Spillover Effect of Return and Volatility Between Digital and Traditional Assets

Putra Sadewa, Andrian Dolfriandra Huruta — Tue, 17 Sep 2024 14:06:53 +0200

This study aims to examine the spillover effects of return and volatility between three different assets (Bitcoin,Gold, and Nasdaq) using GARCH-ARMA models. The data is taken from monthly closing prices from January 2015 to February 2024 through Investing.com. The analysis focuses on understanding how these three assets interact regarding the spillover effect of return and volatility, particularly during periods of economic uncertainty. Our findings indicate that spillover effects of return are visible from Bitcoin to Nasdaq, Nasdaq to Bitcoin, and Nasdaq to Gold. In addition, spillover effects of volatility are visible from Gold to Bitcoin, Bitcoin to Nasdaq, Nasdaq to Bitcoin, and Nasdaq to Gold. Our finding highlights the dynamic relationship between traditional and digital assets, emphasizing Bitcoin's potential role as a financial hedge likely to Gold and Nasdaq.

The impact of tax incentives on the growth of value-added agricultural exports - Evidence from Zimbabwe

Forward Abinal, Peter Mazuruse — Tue, 17 Sep 2024 13:57:25 +0200

This paper empirically examines the impact of export tax incentives on value-added agricultural export performance in Zimbabwe using historical annual time-series data from 1980-2021. The study uses unit root tests, cointegration analysis, and the Error Correction Model in the analysis. Using an augmented Cobb-Douglass production function, the study aims at determining wether export tax incentives, real effective exchange rate and value-added agricultural exports are cointegrated.. Export tax incentives and real effective exchange rate were found to have a positive and statistically significant effect in the long run on the country’s growth of value-added agricultural exports. From the results, policymakers are encouraged to deepen and broaden export tax incentives specifically targeted at value-addition of agricultural products as part of the country’s efforts in reforming its trade systemto improve the welfare of producers, workers and generate foreign currency for the country.