International economic relations are immensely important for small economies, such as the countries of the Western Balkans (WBC). The importance of economic relations is a key link in the overall economic growth and development, especially in international trade in goods. This paper analyses international trade flows of the WBC and the EU using the gravity … Pročitaj više
This paper will analyse the export of agricultural products of Serbia to the EU during the period from 2001 to 2017. A panel gravity model was used to assess the effects of trade flows. The main advantage of the gravity model is the application of basic indicators of the economy and the ability to evaluate … Pročitaj više
The application of Newton’s law of gravity in explaining international trade proved to be very successful. The popularity of a gravity model for explaining trade flows has been due to the fact that the calculations require affordable data for every economy. The basic elements of the panel gravity model are mainly GDP, population and distance. … Pročitaj više
This paper shows that weak legal and political institutions and high macroeconomic volatility shorten the maturity of cross-border bank lending. Although these results are confirmed in the previous literature, this paper uses a broader panel data set of 135 countries from 1983 to 2012. Data also suggest new finding that the maturity of international bank … Pročitaj više
Decision making and management are synonyms. Banks are facing a number of business risks and operational risk is prevalent. Risk management is related to making decisions; therefore, it is important for the whole organization. The aim of this paper is to develop a decision-making system when choosing the method of operational risk management by using … Pročitaj više
Agriculture is an important economic sector in Serbia with the largest percentage of small and family farms. In order to improve this business and the survival of small farms in Serbia, the goal of the paper is to select the criteria for the survival of small farms in Serbia by applying the concept of analytical … Pročitaj više