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Innovative and Economic Research Journal
Journal Details
Open Access
First Published
08 Sep 2015
Publication timeframe
2 times per year
Journal Subjects
Business and Economics, Political Economics, Economic Theory, Systems and Structures, Microeconomics, Macroecomics, Public Finance and Fiscal Theory

The Economics journal is indexed in Google Scholar and details on the citations can be found on Google Scholar Citations.

Starting from the fact that most of the economic progress is based on innovation, Economics- Innovative and Economic Research Journal has focused primarily on knowledge economy and innovation. Only unpublished papers, that represent original scientific research, which contribute to the knowledge economy and innovation, are published in the journal.

The reason is very simple: nothing happens in the world economy without being fundamentally connected with technological changes. Innovation is a key driving force that accelerates all kinds of social changes. Innovations and changes within the fourth industrial revolution are the most famous in the world of new technologies that shape the global economic and technological structure, international and local markets, as well as the entire socio-cultural system.

However, this fact is not important only for the information, communication, and data processing field. Changes and innovations that come from technologies of clean energy, better quality and healthier food, preservation of human health, as well as improving the quality of people's lives are also very important. In addition, those changes and innovations that come from technologies for the protection of natural resources (water protection, forestry, green infrastructure, irrigation, and air protection) are modern, dynamic and innovative, such as information communication technologies. Innovation and new technologies play an equally important role in the complex of everything that makes up "new economy" such as: sport, music, creative and entertainment industries, social institutions and religious organizations, non-governmental organizations, and trade unions.

This journal covers the most consequences that technological change brings to the economy and society, but innovations are not reserved only for technology. Innovations can have social, media, cultural and socio-psychological character, and when they are not just strictly a product of information technology.

One of the projects of the Journal and the Institute is the annual international scientific conference, usually held in May, focused on the topic of "New Economy" with the aim to highlight positive impact of modern technologies on the economy and society.

The general approach that we found to be legitimate and provocative enough for authors, readers and participants in our conferences is based on the thesis that innovation is eternal, multi-layered, unpredictable, and comprehensive in its economic, technological and cultural activities. Linking research and analysis of the impact of innovation, technological change and consequent structural changes in society, is a key "ecological niche" of our journal. For now, the readers and authors of the journal recognize that, and the original scientific-professional profile, we are striving for, is being formed.

Our scientific and professional orientation has proven to be correct. This is confirmed by the fact that we have become globally available journal. We cooperate with all continents and regions in the world. The interest in reading and publishing in our journal stems from accelerating social changes. Crisis innovations and accelerated structural changes have become a part of new reality and "new normality" in the years of global or regional recessions, and the current Covid-19 pandemic conditions.

We are facing a period of new challenges in which we expect a lot from innovation, from more effective vaccines, from new public health systems and lifestyles, and from the invention of some "now normality". Our modest contribution to that perception will be considered.

Economics-Innovative and Economic Research Journal is a double-blind peer reviewed journal. The authors’ names are anonymous to the reviewers. Also, the names of the reviewers are anonymous to the authors The peer review process takes 3-4 weeks. It is aimed at ensuring high quality of the research materials and serves as a validation mechanism of scholarly publishing.It publishes two issues per year (June and December).

APC Policy

Publishing fee is 100 EUR. Theauthors are expected to make the payment once their article is approved by the reviewers, prior to publishing the Journal.

Rejection Rate

  • 83,05% articles - completely rejected
  • 16,95% articles - accepted for publication following mandatory implementation of modifications suggested by peer reviewers


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.

Editor in Chief:
Stelios Dr. Bekiros, University of Malta, Malta

Editor in Chief Assistant:
Dragana dr Radičić, University of Lincoln, Department of Accountancy, Finance and Economics, United Kingdom

Editor in Chief Assistant:
Petar dr Đukić, Faculty of Technology and Metallurgy, University of Belgrade, Serbia

Editor in Chief Assistant:
Adis dr Puška, Government of the Brčko District of BiH, Bosnia and Herzegovina

Thomas dr Gillpatrick, Portland State University, USA
Leland dr Buddress, Portland State University, USA
Roofia dr Galeshi, Radford University, USA
Jason dr Caudill, King University, USA
Hugh dr Ault, Boston College, USA
Jason dr Patalinghug, Southern Connecticut State University, USA
Richard J. dr Fast, Troy University, Alabama, USA
Cevat dr Tosun, Director of Master in Tourism Administration Program Eisenhower Chair and Professor of Tourism Studies and Management, School of Business The George Washington University

Puerto Rico:
Cynthia dr Sénquiz - Diaz, Universidad Ana G. Méndez, Division of Business, Tourism & Entrepreneurship, Gurabo, Puerto Rico

Iqtidar dr Shah, Yorkville University, British Columbia Campus, Canada

United Kingdom:
Christopher dr A. Hartwell, Bournemouth University, United Kingdom
Denis dr Hyams - Ssekasi, University of Bolton, United Kingdom
Lorenzo dr Trapani, University of Nottingham, United Kingdom
Tarek dr AbdelFattah, University of Portsmouth, United Kingdom

Isabelle dr Collet, University of Geneva, Switzerland

Andrey dr Kudryavtsev, The Max Stern Yerzeek Valley Academic College Emek Yerzeel, Israel
Gil S. Epstein, Bar-Ilan University, Israel

Zsuzsa dr Reka Huszar, National University of Singapore

Hamid dr Khurshid, Lingnan University Hong Kong, Department of Management, Republic of China
Tafazal dr Kumail, Guangxi University of Finance and Economics, Nanning, China
Bin Zhou, Ningbo Univeristy, China

Willy dr Legrand, IU International University of Applied Sciences, Germany
Tristan dr Nguyen, Hochschule Fresenius University of Applied Sciences, Germany

Ahu Genis Gruber, University of Applied Sciences Upper Austria, Austria 

South Korea:
Bipithalal dr. Balakrishnan Nair, Woosong University, South Korea

Alberto dr Posso, RMIT University, Australia

Spyros dr Hidrais CEng FRINA, Maritime Technology, Aalto University, Finland

New Zealand:
Tauisi dr Taupo, Victoria Univeristy of Wellington, New Zealand
Mohammad dr Saud Khan, Victoria University of Wellington, New Zealand

Massoud dr Moslehpour, Asia University, Taiwan
Shu dr Lung Kuo, Technology Management Open University of Kaohsiung, Taiwan

Elena dr de la poza Plaza, University of Valencia Politécnica, Spain
María-Dolores dr Guillamón, University of Murcia, Spain
Francisco dr José García González, Universidad Complutense de Madrird, Spain

Joao dr Paulo Vieito, Polytechnic Insititute of Viana do Castelo, Portugal

Ubaldo dr Comite, University Giustino Fortunato, Italy
Marco dr Valeri, Faculty of Economics, Niccolo' Cusano University in Rome, Italy
Leslie dr Fadlon, University of Niccolò Cusano, Italy
Alberto dr Celani, Politecnico Milano, Italy
Gianluca dr Mattarocci, Facolta di Economia, Universita di Roma Tor Vergata, Italy
Marcello dr Signorelli, Dipartimento di Economica, Universita degli Studi di Perugia, Italy

Andrzej dr Niemiec, Poznan University of Economics, Department of Controlling, Financial Analysis and Valuation, Poland
Piotr dr Wisniewski, Corporate Finance Unit Institute of Finance, Warsaw School Economics, Poland

Andrea Szalavetz, Centre for Economic and Regional Studies Institute of World Economics, Hungary

Kieran dr James, University of the West of Scotland, Scotland

Eirini dr Daskalaki, Metropolitan College, Greece
Phoebe Koundouri, Athens University of Economics and Business, Greece
Konstantinos dr N. Malagas, University of the Aegean, Greece
Constantinos dr Challoumis, National and Kapodistrian University of Athens, Greece
Andreas dr Papatheodorou, Univeristy of the Aegean, Greece

Christer dr Thörnqvist, Högskolan i Skövde, Sweden

Czech Republic:
Lucie dr Andreisová, University of Economics in Praque, Czech Republic
Martina dr Blašková, Police Academy, Czech Republic

Hüseyin dr Işıksal, Near East University, Faculty of Open and Distance Education, Turkey
Metin dr Toprak, İstanbul Üniversitesi Akademik Veri Yönetim Sistemi, Turkey
Zeki Atil dr Bulut, Dokuz Eylul Univeristy, Turkey
Feden dr Koç, Usak University, Turkey
Zafer dr Öter, Izmir Katip Celebi University, Turkey
Emrah dr Gulay, Dokuz Eylul University, Izmir, Turkey

Ivan dr Brezina, Faculty of Business Informatics, Slovakia

Arcione Ferreire dr Viagi, Taubate University, Brazil
Fábio dr Albergaria de Queiroz, Catholic University of Brasilia, Brasil

Oleg dr Roy, Faculty of Economics in Omsk, Russia
Perpelkin dr Viacheslav, Samara State University of Economics, Russia
Elena A. dr Okunkova, Plekhanov Russian University of Economics, Russia

Oleksandr dr V. Dluhopolskyi, West Ukrainian National University (Ternopil city), Ukraine
Yurii Ivashuk, West Ukrainian National University, Deputy Director of Ternopil Regional Development Agency, Ukraine
Olha dr Komelina, Poltava National Technical Yuri Kondratyuk University, Poltava, Ukraine
Katerina dr Kovtoniuk, Kyiv National Economic University, Ukraine
Viktor dr Koziuk, West Ukrainian National University, Member of the Board of the National Bank of Ukraine
Ellana dr Molchanova, Faculty of international Trade and Law, Department of international management, Ukraine
Tetiana dr Paientko, Kyiv National Economic University, Ukraine
Iryna Dr. Sc. Lytvynchuk, Zhytomyr National Agroecological University, Ukraine
Tetiana dr Semenenko , Sumy State University, Ukraine
Liudmyla dr Yurchyshena,Vasyl Stus Donetsk National University, Ukraine

Julia Stoyancheva dr Stefanova, Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria
Marin Petrov dr Georgiev, Kaneff University Hospital, Rousse, Bulgaria
Venelin dr Terziev, University of Ruse Angel Kanchev, Bulgaria

Ray dr Titus, Alliance University, India
Rudrarup dr Gupta, Commercial Manager of Multifarious Projects Group, India
Brijendra dr Singh Yadav, Aashlar Business School, Mathura, India
Sandeep dr Kumar, Tecnia Institute of advanced Studies, University Delhi, India
Raul dr Villamarin Rodriguez, Woxsen University, India

Mythili dr Kolluru, College of Banking and Financial Studies, Oman
Vidya dr Suresh, College of Banking and Financial Studies, Oman

Petar dr Vrgović, University of Novi Sad, Faculty of Technical Sciences, Serbia
Kristijan dr Ristić, Bussines and law faculty, University Union – Nikola Tesla, Belgrade, Serbia
Snežana dr Milićević, Faculty of Tourism and Hotel Management in Vrnjaèka Banja, Serbia
Drago dr Cvijanović, Faculty of Tourism and Hotel Management in Vrnjaèka Banja, Serbia
Snežana dr Radukić, Faculty of Economics, University in Niš, Serbia
Zorana dr Kostić, Faculty of Sciences and Mathematics, University in Niš, Serbia
Nikola dr Fabris, University of Belgrade - Faculty of Economics, Serbia

Alexandru dr Nedelea, Stefan Cel Mare University of Suceava, Romania
Roscana dr Manea Tonis, University Politehnica of Bucharest, Romania
Manuela Rozalia dr Gabor, G.E.Palade University of Medicine, Pharmacy, Science and Technology of Targu Mures, Faculty of Economics and Law, Romania

Lorena dr Škuflić, University of Zagreb, Faculty of Economics, Croatia
Zoran dr Wittine, University of Zagreb, Faculty of Economics, Croati
Anita dr Čeh Časni, University of Zagreb, Faculty of Economics, Croatia
Kosjenka dr Dumančić University of Zagreb, Faculty of Economics, Croatia

Boban dr Melović, University of Montenegro, Faculty of Economics, Montenegro
Milivoje dr Radović, University of Montenegro, Faculty of Economics, Montenegro
Rade dr Ratković, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Ivo dr Županović, Mediterranean University, Faculty of Business and Tourism Budva Montenegro
Darko dr Lacmanović, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Ana dr Stranjančević, Modul Dubai University, The United Arab Emirates
Anđelko dr Lojpur, University of Montenegro, Faculty of Economics, Montenegro

Predrag dr Trpeski, Ss. Cyril and Methodius University, Faculty of Economics, Macedonia

Corina dr Gribincea, The National Institute for Economic Research of the Academy of Sciences of Moldova, Moldova
Marica dr Dumitrasco, Academy of Sciences of Moldova, Economy, Moldova

South Africa:
Sanja dr Bauk, Maritime Studies Department, Faculty of Applied Sciences, Durban University of Technology, South Africa

Saudi Arabia:
Bashar dr Almansour, Skyline University College, Saudi Arabia
Yassin dr Eltahir, King Khalid University, Saudi Arabia
Melfi dr Alrasheedi, King Faisal University, Saudi Arabia
Abu dr Umar Faruq Ahmad, King Abdulaziz University, Saudi Arabia

Andrej dr Raspor, School of Advanced Social Studies, Slovenia
Marjana dr Merkač, Faculty of Commercial and Business Sciences, Slovenia
Marija dr Bogataj, University of Ljubljana, Faculty of Pharmacy, Slovenia

Gholamreza dr Jandaghi, University of Tehran, Faculty of Management and Accountancy, Iran

Kherchi dr Ishak, Hassiba Benbouali University of Chief, Algeria

Sri Lanka:
Ahamed dr Labbe Mohamed Aslam, Ministry of Home Affairs, Sri Lanka
Nisantha dr Kurukulasooriya, University of Ruhuna, Sri Lanka

Teguh dr Sugiarto, Universitas Budi Luhur, Indonesia

Azza dr Mohamed Kamal, University for Modern Science and Arts (MSA), Egypt
Ahmed dr Mohamed Elbaz, University of Sadat City, Egypt

Michael dr Okoche, Uganda Management Institute, Uganda

Fouzi dr Belmir, University of Fes, Morocco

Dereje dr T. GEBREMESKEL, Global Land Programme (GLP) and Ethiopian Civil Service University, Ethiopia

Adel. M Sarea, College of Business & Finance, Bahrain

Bhola Dr. Khan, Yobe State University, Nigeria Faculty of Social Sciences, Nigeria

United Arab Emirates:
Jelena dr Janjušević, Heriot Watt University, United Arab Emirates
Ullas dr Rao, Heriot-Watt University Dubai, United Arab Emirates
Hasnan dr Baber, School of Management Abu Dhabi

Ali Ahmad dr. Bodla, Faculty of Business and Management, Information Techology University, Pakistan

Republic of Uzbekistan:
Dang dr Rui, Westminster International University in Tashkent, Republic of Uzbekistan

Republic of Cameroon:
Alain Aimé dr Ndedi, Saint Monica University, Republic of Cameroon

Naji Mansour dr Nomran, University of Saba Region, Yemen

Bashar dr Almansour, The World Islamic Science & Education University Faculty of Finance and Business, Jordan

Ranasinghe dr Amaradasa, University of Fiji, Fiji

Brilanda dr Bushati, University of Shkodra "Luigj Gurakuqi", Albania
Fatbardha dr Molla Bequiri, University of Shkodra "Luigj Gurakuqi", Albania
Elidiana dr Bashi, University of Shkodra "Luigj Gurakuqi", Albania

Napat dr Harnpornchai, Chiang Mai University, Tailand

Bosnia and Herzegovina:
Mladen dr Rebić, University of East Sarajevo, Faculty of Economics Pale, Bosnia and Herzegovina
Goran dr Popović, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Zoran dr Mastilo, Faculty of Business Economics Bijeljina, University of East Sarajevo, Bosnia and Herzegovina
Armina dr Hubana, University of „Džemal Bijedić" – Mostar, Bosnia and Herzegovina
Jamila dr Jaganjac, University ,,Vitez,, BiH, Bosnia and Herzegovina
Slobodan dr Subotić, University of East Sarajevo, Faculty of Transport and Traffic, Bosnia and Herzegovina
Muharem dr Karamujić, University of Sarajevo, School of Economics and Business, Bosnia and Herzegovina
Ognjen dr Erić, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Andrijana Mrkaić Dr Ateljević, "High School of Tourism and Hospitality" Trebinje, Bosnia and Herzegovina
Zdravko dr Todorović, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Branislav dr Mašić University of East Sarajevo, Faculty of Economics, Bosnia and Herzegovina
Željko dr Račić University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Bojan dr Baškot, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina

Technical Editor
Borjan Divljanović, Graphic studio PIXEL - Bijeljina

Translation to English
Nemanja Jovanović

Address of the Editorial Board:
Neznanih junaka 9-11
76300 Bijeljina Republic of Srpska
Bosnia and Herzegovina
Bank account: 5550000004916269, Nova banka, Filijala Bijeljina ID: 44035724600004

Oikos Institute - Research Centre
Neznanih junaka 9-11
76 300 Bijeljina
+387 55 423 183

Publisher Online
De Gruyter Poland
Bogumiła Zuga 32A Str.
01-811 Warsaw, Poland
T: +48 22 701 50 15

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Open Access Statement

The journal is an Open Access journal that allows a free unlimited access to all its contents without any restrictions upon publication to all users.

Open Access License

This journal provides immediate open access to its content under the Creative Commons BY-NC-ND 4.0 license. Authors who publish with this journal retain all copyrights and agree to the terms of the above-mentioned CC BY-NC-ND 4.0 license.

Journal Details
Open Access
First Published
08 Sep 2015
Publication timeframe
2 times per year
Journal Subjects
Business and Economics, Political Economics, Economic Theory, Systems and Structures, Microeconomics, Macroecomics, Public Finance and Fiscal Theory