We investigate the links between agriculture and non-agricultural sectors in Portugal by assessing the existence of long-run relationships and causality among the three main sectors of activity in terms of value added and labour productivity using a VAR model for the period 1970-2006....

This paper uses the pooled mean group (PMG) estimator and a dataset restricted to OECD countries to examine the relationship between different levels of education, i.e. between education composition and growth. The PMG estimator allows a greater degree of parameter heterogeneity than the usual...

This chapter is focused on numerous issues with respect to establishment, operation and sustainable development of an industrial park. The reason for choosing this topic lies within a realistic assumption that light industrial development may be a generator of economic development in Serbia. On...

The aim of this chapter was to analyse the potential for innovation and competitiveness of small and medium enterprises in Serbia. Presenting the strategy and the project which are determining the innovation of small and medium enterprise, it is necessary to know their significance for the...

Radical changes in business environment, especially those that are generated by global economic/financial crisis, highlight the importance of applying modern marketing management concepts. The concept of crisis management concept provides rational analytical framework for performing necessary...

The context of competitiveness can be defined as a set of institutions, policies and factors which, in a particular economy, determine the volume of national productivity and the level of economic well-being of the population. In brief, competition reflects the capacity of a national economy to...

Ageing of population in Serbia will lead to considerable decrease in labour force in the next fifty years. Such demographic transition will cause certain economic effects. The shift in working age population structure will lead to reduced activity rates and increased dependency ratios....