<abstract xmlns="http://www.w3.org/1999/xhtml">Different destinies of particular countries and nonexistence of warranted economic and social prosperity are explained by two paradigms: geographical and institutional one. Geographical paradigm insists upon the significance of physical geography, climate, ecology, that shape technology and individual behaviour. Institutional paradigm attributes the central role of institutions which promote investment in human, physical capital and technology. These two approaches have their roots in: 1. Traditional society theory (Theory of Asiatic mode of production): differences in traditional societies of each country explain their different growth rates and level of economic development, and 2. World system theory: only countries that escaped colonial status have a chance to develop.</abstract>

Geographical Deviation and Historical Development

<abstract xmlns="http://www.w3.org/1999/xhtml"> State aid aimed to certain market participants, especially some of its categories, carries a risk of distortion of competition. Therefore, it is necessary to control allocation of state aid and its direction from the sectoral objectives towards more justified horizontal objectives of allocating. This paper examines the practice of assigning sectoral state aid in the European Union and in the selected Western Balkan countries by using the methods of comparative and correlation analysis. The aim is to identify deviations and point out to the preferred ways of state aid allocation.</abstract>

University of Niš, Faculty of Economics, Serbia

University of Kragujevac, Faculty of Tourism and Hospitality in Vrnjačka Banja, Serbia

Sectoral State Aid in the European Union and the Western Balkan Countries

<abstract xmlns="http://www.w3.org/1999/xhtml">The policy of renewable energy sources has gained more importance over recent years. The European Union is facing serious challenges regarding greenhouse gas emissions and energy sustainability, followed by the supply security, import dependence and competitiveness as well as the effective implementation of the internal energy market. The energy policy of the European Union is the most effective response to the new situation the member states of the European Union are facing. The EU energy policy aims to cause a new industrial revolution and the growth of the economic energy efficiency with low emissions of carbon dioxide. In order to achieve this, targets have been set for the future. Among them is the increase in the share of production and consumption of renewable energy in the total energy balance.</abstract>

Higher economic school of professional studies Peć, Leposavić, Serbia

The Policy of Renewable Energy Sources in the Function of the Environmental Protection in the EU

<abstract xmlns="http://www.w3.org/1999/xhtml"> When and how will one country take care of its workers who are left due to their injury, illness, death or old age without ability to care for their existence, and who contributed most of their life as tax payers. The role of the social system is just that. Social systems of intergenerational solidarity operate for decades in all European countries, regardless of their political and economic structure and level of development. Number of employees within a pension system is dependent on many factors, but it is also independent compared to the category of pensioners and possibilities of functioning of the pension system. The total number of beneficiaries directly derived from the number of employees in some earlier period, while the possibility of pension payments vary depending on the current number of workers. Some categories may behave differently in relation to the total number of employed in an economic system, but the functioning of the pension system is depending on this indicator. In Serbia, for years the number of deaths exceeded the number of births, large-scale migration of citizens, the progress of medical science as a factor of increased life expectancy of people, higher rates of unemployment, longer years of service until retirement and some other less significant factors influenced the disproportion in the number of employees in relation to the number of pensioners. This resulted in a very poor state of the pension system and caused the question of its future functioning. A social problem is getting more difficult to resolve, in quality and quantitative terms, because its main source of inflow of funds is in constant decline while expenditures are increased.</abstract>

University of Novi Sad, Faculty of Economics Subotica, Serbia

Functional Dependence of Pension User Categories in Relation to the Total Number of the Employed

<abstract xmlns="http://www.w3.org/1999/xhtml"> The global financial crisis has revived interest in the introduction of the “narrow banking”, which has become a topical issue in both political and academic circles. There are attitudes that banks have maximized yields by excessive credit expansion, while the losses associated with the excessive risks undertaken in pre-crisis period fell at the expense of taxpayers. Based on the idea that modern financial systems have structural problems whose solution requires fundamental reform, a new wave of regulatory proposals is launched for solving the problems. They are generally aimed to eliminate the banks’ ability to issue credit money that enjoys both implicit and explicit government guarantees. The concept of narrow banking, as one of the variants of full-reserve banking, provides ex-ante a level of bank deposits’ protection which is the same as the level of central bank’s money protection. Motives for the application of this concept are the following: to make banks more resistant to bank runs; to avoid creating a speculative “bubbles”; and to make the financial system more stable. The paper gives an overview of historical and new proposals of narrow banking. In addition, the concept of narrow banking is analyzed from the point of view of its basic characteristics and objectives, followed by a discussion on the problems and possible success of its implementation.</abstract>

Narrow Banking – Banking System Without Private Issuance of Credit Money as a Solution for More Resistant Banks and More Stable Financial System

<abstract xmlns="http://www.w3.org/1999/xhtml">Process management is an essential element of modern management models, at the enterprise level, but also at the supply chain level. However, the importance of process management is explicitly indicated by the process management maturity models, through analysis of the level of process orientation, or through analysis of the level of quality of process orientation components. Starting from the fact that competition in modern conditions often takes place between supply chains, process management maturity grows into supply chain management maturity. Some of the supply chain management maturity models are SCMAT model, S(CM)2 model and SCPM3 model. In this paper the framework of another supply chain management maturity is formulated, by upgrading the SCOR model with process orientation, or SCORBPO model. This model involves analysis of the presence of supply chain management best practice, on one hand, and the presence of process orientation components, on the other hand. The aim of the research was to identify the maturity of enterprises in Serbia in applying supply chain management best practice, as well as process orientation components that are potential sources of competitive advantage or constraints for enterprises and supply chains. Analysis of justification of hypotheses is done by using correlation and regression analysis. The general conclusion is that between the presence of best practices and process orientation components there is a positive correlation, and that most of the process orientation components affect the implementation of supply chain management best practices.</abstract>

Process Orientation as a Basis for increasing supply chain Management Maturity

<abstract xmlns="http://www.w3.org/1999/xhtml">Employees’ satisfaction is one of the frequently analyzed subgroups of human attitudes connected to organizational environment. The authors’ aim is to study different categories of satisfaction or dissatisfaction of teachers in elementary schools in the Republic of Serbia, as a specific category of employees. The results of the research carried out have shown that teachers are dissatisfied with salaries, awards and benefits. The next category concerning the intensity of dissatisfaction is teachers’ dissatisfaction with operational procedures. On the other hand, teachers are mostly satisfied with the work they are doing, with their superiors, their colleagues and system of communicating within schools.</abstract>

University of Nis, Faculty of Economics, Republic of Serbia

PhD student, University of Nis, Faculty of Economics, Republic of Serbia

Research on Elementary School Teacher Satisfaction in the Republic of Serbia

<abstract xmlns="http://www.w3.org/1999/xhtml"> In a transition period lasting more than twenty years in Serbia, many organizations exist in turbulent and uncertain political, economic and social environment. Great changes in the environment with implications which are difficult to predict pose to the management of the organizations many crisis situations. Every manager possessing standard skills and knowledge for enterprise management must acquire additional skills for management of the crisis situations. Crisis management is set of actions undertaken to control over events composing crisis, in order to minimize losses. In order to undertake appropriate actions in crisis time, manager should know the direction of future events movement and how to allocate resources for reaction to the events. In that situation, the great problem is uncertainty resulting from fast and immediate emergence of crisis events, its complexity and unpredictability. Training system that has aim to enable managers for reaction in crisis situations is analysed in the paper. The system is based on application of contemporary information technologies. In addition, trends and opportunities of electronic learning and training as well as challenges in the development of a training program for crisis management is explained.</abstract>

Higher buciness school of professional studies, Kragujevac, Serbia

Training System for Crisis Management Supported by Contemporary Information Technologies

AHEAD OF PRINT

Volume 61 (2023): Issue 4 (December 2023)

Volume 61 (2023): Issue 3 (September 2023)

Volume 61 (2023): Issue 2 (June 2023)

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Volume 60 (2022): Issue 4 (December 2022)

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Volume 60 (2022): Issue 2 (June 2022)

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Volume 59 (2021): Issue 4 (December 2021)

Volume 59 (2021): Issue 3 (September 2021)

Volume 59 (2021): Issue 2 (June 2021)

Volume 59 (2021): Issue 1 (March 2021)

Volume 58 (2020): Issue 4 (December 2020)

Volume 58 (2020): Issue 3 (September 2020)

Volume 58 (2020): Issue 2 (June 2020)

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Volume 57 (2019): Issue 4 (December 2019)

Volume 57 (2019): Issue 3 (September 2019)

Volume 57 (2019): Issue 2 (June 2019)

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Volume 56 (2018): Issue 4 (December 2018)

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Volume 56 (2018): Issue 1 (April 2018)

Volume 55 (2017): Issue 4 (December 2017)

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Volume 54 (2016): Issue 4 (December 2016)

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Volume 53 (2015): Issue 4 (December 2015)

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Volume 52 (2014): Issue 4 (December 2014)

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Volume 52 (2015): Issue 1 (March 2015)

Economic Themes

 The Faculty of Economics in Niš publishes the journal Economic Themes within the Center for Publishing. According to the categorization of the Ministry of Education and Science of the Republic of Serbia the journal is classified as the leading journal of national importance (M51) and is issued quarterly (in Serbian and English). In the upcoming period we wish to implement two important aims: first, to continually enhance the quality of the journal in compliance with generally accepted standards and second, to improve the ranking of the journal in the following years. All articles sent for publishing are anonymously reviewed.  Rejection Rate   App. 28%  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 