ECONOMICS's Cover Image


Innovative and Economics Research Journal
Informacje o czasopiśmie
Otwarty dostęp
Pierwsze wydanie
08 Sep 2015
Częstotliwość wydawania
2 razy w roku
Dziedziny czasopisma
Biznes i ekonomia, Ekonomia polityczna, Teoria ekonomii, systemy i struktury, Mikroekonomia, Makroekonomia, Finanse publiczne i polityka fiskalna

We are pleased to inform you that ECONOMICS-Innovative and Economics Research Journal has been indexed by ELSEVIER, Scopus since June 2023

The ECONOMICS - Innovative and Economics Research Journal  is indexed in Google Scholar and details on the citations can be found on Google Scholar Citations.

Print ISSN: 2303-5005 E-ISSN 2303-5013

Starting from the fact that most economic progress is based on innovation, ECONOMICS - Innovative and Economics Research Journal has focused on the publication of theoretical, empirical and applicative articles from all areas of economics, which basically contain innovative approaches and solutions, and which are the product of knowledge economy. In this context, it is important to point out that ECONOMICS has changed its name since December 2017, following the recommendations of Scopus evaluators, and since then its name is ECONOMICS - Innovative and Economics Research Journal.

Evidence to support this is an Act No. 02-4-6-239/23 Sarajevo, 2 June 2023, National and University Library of Bosnia and Herzegovina, ISSN Centre of Bosnia and Herzegovina, which contains the following text: Innovative and Economics Research Journal is the subtitle that appeared on the cover of our journal from December 2017. Subtitles are subject to change and they are not part of the key or proper title. It is possible to add the field for the variant title within the subtitle. We are confirming that this change has been recorded in the ISSN Portal in the field other variant title. Changing the name of the journal has had a significant impact on its progress and development. 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. This journal covers the most of the consequences that technological changes bring to the economy and society, but innovation is not reserved only for technology. Innovations can have a social, media, cultural and socio-psychological character when they are not only a product of information technology.

The journal is published semi-annually – in June and December, as a printed and electronic version. The language of the publication is English. The articles submitted to the Editorial Board should cover the subject area of the journal, with authors’ (co-authors’) first and last names, scientific titles, affiliations and work positions, phone numbers and e-mail addresses. We invite authors interested in publishing their papers in this periodical to submit their material in digital form to the address of the Editorial Board (e-mail: or to the OJS platform, using the following link:

The JEL classification is proposed by the author in accordance with the Journal of Economic Literature classification, available at: The author is responsible for ensuring the authenticity of data, facts, quotations and other information. Editorial boards may publish articles for discussion without sharing the authors' views. It is recommended to submit articles in English. Authors from Bosnia and Herzegovina and neighboring countries should submit their papers in English and their mother tongue.

The structure of the article should comprise: the title, abstract, keywords, introduction, subtitles, conclusion and bibliography. Common subtitles are: introduction, literature review (theoretical framework), methodology (research methods, data, research model), data and sources, an empirical result (empirical findings), discussion, and conclusion. In writing their articles, authors should apply the scientific methodology standard for scientific publications.

The abstract (200-250 words) needs to disclose the main idea of the paper and research results. The abstract must include sufficient information for readers to judge the nature and significance of the topic. It should summarize the objectives of the article, methodology, results and conclusions. In order to increase the visibility of the article, the abstract should reiterate keywords and phrases while avoiding unnecessary repetition. Literature is to be arranged in alphabetic order of authors and chronologically for the articles of the same author. Literature is to be quoted according to the examples for books, journals and other sources.

Plagiarism Policy

Regarding the originality of the papers, we bring to your attention the following: Our journal is consistent with the principles governing the intellectual property rights, discouraging any attempt of plagiarism, regardless of its forms – involuntary, self-plagiarism, voluntary misappropriation of other people’s ideas, etc. The author must take appropriate measures to avoid any of these situations regardless of the nature and gravity. Please note that for checking the articles received, we are running a specialized anti-plagiarism software used by other prestigious institutions. To ensure the objectivity of the results, we exclude the references, the title and the authors’ names when checking the text. The editor reserves the right to reject the article from the beginning and to refuse to publish future articles from the authors who have committed plagiarism.

All other articles will be internationally and anonymously reviewed in three places. The authors’ names are anonymous to the reviewers. It is the authors’ responsibility to ensure that the submitted article has not been published earlier and that it is not under consideration for publication elsewhere. The Editorial Board retains the right to methodologically adjust the article to the journal propositions and standards of the English language, as well as not to consider articles which do not meet the requirements of these guidelines. This is an open access journal which means that all content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission from the publisher or the author. This is in accordance with the BOAI definition of open access. Economics - Innovative and Economic Research Journal would like to invite academics, policymakers, researchers, and practitioners to submit original articles to be considered for publication. One of the projects of the Journal and the Institute is an annual international scientific conference, usually held in May, focused on the topic of "New Economy", with the aim to highlight a positive impact of modern technologies on the economy and society.

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 – a digital long-term preservation service of scholarly books, journals and collections.

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. Fast, George Mason University, 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

Virginie dr Terraza, Faculty of Law, University of Luxembourg, Luxembourg

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

Taro Abe, Nagoya Gakuin University (Culture & Human Resources), Japan

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

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
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:
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
Mohmaod Alrawad, Al Hussein Bin Talal University, Saudi Arabia
Abdalwali Lutfi, King Faisal 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

Mehdi dr Bouchetara, Higher National School of Management, Algeria
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
Yandra Rivaldo, Institut Agama Islam Abdullah Said Batam, 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
Naji dr Mansour Nomran, Kingdom University, 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
Ana dr Stranjančević, Modul Dubai University, The United Arab Emirates

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

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
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
Branka Topić - Pavković, 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

Publishing Services Provider
Sciendo, Subsidiary of Walter de Gruyter GmbH

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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.

Frequently Asked Questions (F.A.Q) -

Informacje o czasopiśmie
Otwarty dostęp
Pierwsze wydanie
08 Sep 2015
Częstotliwość wydawania
2 razy w roku
Dziedziny czasopisma
Biznes i ekonomia, Ekonomia polityczna, Teoria ekonomii, systemy i struktury, Mikroekonomia, Makroekonomia, Finanse publiczne i polityka fiskalna