IndustrijaPub Date : 2021-01-01DOI: 10.5937/industrija49-31142
Miroljub Nikolic, Olga Radovanović, S. Cvetanović, D. Despotović
{"title":"Development of the textile industry in selected transition countries of Europe in 1995-2018","authors":"Miroljub Nikolic, Olga Radovanović, S. Cvetanović, D. Despotović","doi":"10.5937/industrija49-31142","DOIUrl":"https://doi.org/10.5937/industrija49-31142","url":null,"abstract":"The paper examines the development of the textile industry in nine selected European countries in transition (Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, North Macedonia, Romania, Serbia and Slovenia) in the period from 1995 to 2018. The aim is to review the basic trends in the development of the textile industry in these countries by achieving the transition to a market model of business with varying degrees of success, which, among other things, is accompanied by a strong wave of deindustrialization. The interdependence of Textiles and clothing industry value added in manufacturing and GDP pc levels in individual countries was calculated by the exponential correlation procedure. It was stated that these countries based their development in the transition period largely on strengthening trade competitiveness, with the textile industry (Textile fibers, yarn, fabrics and clothing) contributing to a significant export expansion. It turned out that the contribution of the textile industry to the economic growth of the analyzed economies was higher in the earlier stages of their economic development. Also, the results of the research confirmed that the textile industry in these countries has maximized its export potential at lower levels of their GDP pc.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2021-01-01DOI: 10.5937/INDUSTRIJA49-31692
J. Krstić, Milica Kostić-Stanković, Jelena Cvijović
{"title":"Green advertising and its impact on environmentally friendly consumption choices: A review","authors":"J. Krstić, Milica Kostić-Stanković, Jelena Cvijović","doi":"10.5937/INDUSTRIJA49-31692","DOIUrl":"https://doi.org/10.5937/INDUSTRIJA49-31692","url":null,"abstract":"Research on various environmental topics, among which is the topic of green advertising, has been growing during last three decades, but it is yet to gain its full potential. Since the topic of green advertising has been gaining rising attention of scholars, the body of knowledge on this topic has been growing as well. Green advertising in general aims to promote products produced in an environmentally-friendly manner, or to promote advertiser's corporate responsibility toward an environment. The evaluation of green advertising effectiveness is necessary in order to stimulate cognitive and affective reactions of consumers to green advertisements, as well as their subsequent environmentally friendly behaviour. This article contains the review of the relevant literature on the topic of green advertising effectiveness. The findings of the literature review indicate that green advertising represents an effective communication means to influence consumers' attitudes and behaviour, even though its effectiveness is often mediated by certain factors, like: consumers' environmental consciousness, consumers' regulatory focus, consumers' scepticism, claim type.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"49 1","pages":"93-110"},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230701","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2021-01-01DOI: 10.5937/industrija49-35974
B. Đorđević, Saša Mitić
{"title":"The possibility of traffic accident reconstruction using event data Recorders: A review","authors":"B. Đorđević, Saša Mitić","doi":"10.5937/industrija49-35974","DOIUrl":"https://doi.org/10.5937/industrija49-35974","url":null,"abstract":"Event Data Recorders (EDRs) have been used for the purpose of investigating traffic accidents for more than 20 years. Some countries have regulated their application by law, and they are a valid evidence during investigations and reconstructions. However, recording devices are used as a source of information, not as a database from which it is possible to reconstruct the event. Investigations using only recording devices are still not possible due to the some phenomena that exist, and due to the constructional features of the devices. Scientists from Japan and Poland tested the accuracy of the data from the devices and performed reconstructions of accidents. Both teams have established that it is possible to perform reconstruction only in simple situations, such as a straight-line crash of one vehicle into another. When there are several participants in a crash, or a crash was preceded by a maneuver, it is not possible to determine what really happened. Further development of data recording devices is necessary, in order to increase their efficiency during the reconstruction of traffic accidents.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2020-01-01DOI: 10.5937/industrija48-23770
M. Radunović, Goran Avlijaš
{"title":"Achieving continuous project value in small hydropower plant projects by implementing Logical Framework Approach","authors":"M. Radunović, Goran Avlijaš","doi":"10.5937/industrija48-23770","DOIUrl":"https://doi.org/10.5937/industrija48-23770","url":null,"abstract":"Small hydropower plants (SHPPs) play an important role in European energy and infrastructure investment market. They contribute to green energy development and reduction of fossil fuel usage, but also interact with social and environmental wellbeing of the community. Logical Framework Approach with Logical Framework Matrix (LFA/LFM) is a project management tool developed by international financing institutions (IFIs) for the purpose of ensuring reliability and monitoring of complex multi-stakeholder projects and investments. Existing sustainability problems arising from SHPP projects throughout Europe are caused by underperforming development of SHPP projects. The goal of this paper is to show that usage of LFA/LFM ensures sustainability and lasting project value throughout the project lifecycle in SHPP projects. Paper assesses key risks of developing and managing SHPP projects, tracing them back to the stakeholder assessment and project aim definition stages. Results of the paper show examples of SHPP projects in Serbia developed by using the LFA/LFM in some stages of its project lifecycle, compared to the ones developed without using LFA/LFM in its project lifecycle. It then shows in what way LFA/LFM helps avoiding these risks in future development and management of SHPP projects. Finally, it advocates for extensive use of LFA/LFM by investors in future SHPP projects, by highlighting the key advantages of using LFA/LFM throughout the SHPP project lifecycle.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"11 1","pages":"61-79"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230156","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2020-01-01DOI: 10.5937/industrija48-25209
Đuro Kutlača, Sunčica Stefanović-Šestić, S. Jelić, Sanja Popović-Pantić
{"title":"Methodological approaches in the design of Smart Specialization Strategy in Serbia","authors":"Đuro Kutlača, Sunčica Stefanović-Šestić, S. Jelić, Sanja Popović-Pantić","doi":"10.5937/industrija48-25209","DOIUrl":"https://doi.org/10.5937/industrija48-25209","url":null,"abstract":"The aim of this paper is to present two methodological approaches to the analysis of the regional potentials in the Republic of Serbia as a first out of the six-step phases of the development of Research and Innovation Strategy for Smart Specialization (RIS3). Within the quantitative analysis of regional/national context, two approaches that have been used in order to select preliminary priority areas are Location Quotient (LQ) and Multi-Criteria Decision Making (MCDM). This paper presents discussions related to challenges of implementation of a methodology for selection of priority sectors in the economy based on the use of LQ (LQ≥1.5) and use of MCDM methods for aggregation of all available indicators in order to be able to produce ranking lists of all active sectors in the Republic of Serbia. Both implemented methods are relatively simple. The use of the LQ method is very useful in order to select a limited number of priorities, while the MCDM method is ideal for consolidating all available indicators into one indicator: forming a ranking list of all NACE sector groups in the region or country, with the precise position of each group.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230284","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2020-01-01DOI: 10.5937/INDUSTRIJA48-29911
I. Nikolić
{"title":"Technological intensity of Serbian manufacturing industry in Pre-Covid-19 period","authors":"I. Nikolić","doi":"10.5937/INDUSTRIJA48-29911","DOIUrl":"https://doi.org/10.5937/INDUSTRIJA48-29911","url":null,"abstract":"This paper analyses technological intensity of Serbian manufacturing sector. The key purpose is to identify development of technological advancement groups (high, medium-high, medium-low and low) during the period of 2010-2019. The analysis shows that in 2019 the share of high-tech production areas in the total MVA increased to 5%, which is the best result since 2015. Changes in production correspond to the movement in foreign trade. The coverage of imports by exports of the manufacturing industry, relatively observed in the medium term, is increasing the fastest in the segment of tangible production, which is included in the category of medium-technological complexity. Serbia is not exclusively competitive in the labour intensive stages of production. It is also competitive in a good part of medium-technological complexity production. Finaly, vast FDI inflows and the activities of foreign investors, in good part, drive successful technological restructuring in recent years.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2020-01-01DOI: 10.5937/industrija48-24610
N. Singh, Eesha Singh
{"title":"IIoT and machine learning technology: A case of investment of TVS Motors Limited (India)","authors":"N. Singh, Eesha Singh","doi":"10.5937/industrija48-24610","DOIUrl":"https://doi.org/10.5937/industrija48-24610","url":null,"abstract":"Automobile sector in India is gearing for sharing mobility, electric, smart and connected vehicles. Indian two-wheeler makers are either acquiring or investing in electric, IIoT and AI startups to compete in new scenario. This paper presents a brief overview of Indian two-wheeler industry and investment strategies of two-wheeler producer TVS Motors Private Limited in the context of emerging scenario and recent investments in startups. The paper analyses TVS's recent investments in electric vehicle, shared mobility (renting), IIOT and AI startups. It is concluded that TVS Motors is, in the first place, investing to be at the forefront of electric, smart, shared and connected vehicles market. The second reason is to overcome the limitation of internal innovation in new segments in terms of required time, needed knowledge and possibility of being the first mover in the new markets.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230221","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2020-01-01DOI: 10.5937/industrija48-24838
Tamara Vesić, L. Barjaktarović
{"title":"Movements of balance sheet items and liquidity nexus: Evidence from Serbian banking sector","authors":"Tamara Vesić, L. Barjaktarović","doi":"10.5937/industrija48-24838","DOIUrl":"https://doi.org/10.5937/industrija48-24838","url":null,"abstract":"The subject of research in this paper are eight balance sheets (based on regular annual financial statements), with the aim of finding out the effect of fluctuations in balance sheet items on the movement of commonly used liquidity ratios on a sample of 10 leading Serbian banks in terms of balance sheet assets (Banca Intesa, Komercijalna, UniCredit, Societe Generale, Raiffeisen, AIK, Eurobanka, Erste Bank, Postanska stednionica i Vojvodjanska), by applying Pearson's correlation coefficient for the period 2010-2017. The four most commonly used liquidity ratios were used as dependent variables, while individual balance sheet items (part of the liquidity formula) were used as independent variables. According to the conducted research, Serbian banking sector recorded positive performance i.e. was sufficiently liquid, from 2010 to 2017. Furthermore, very strong correlation was observed between an increase in cash and an increase in bank liquidity, while there was a moderate correlation between an increase in cash and average total liabilities. Moreover, the increase in loans and receivables from banks and other financial institutions had a significant impact on the increase of liquidity, as well as on the increase in provisions and equity. Finally, the increase in the value of owned property and deposits had a negative impact on liquidity ratios.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"48 1","pages":"7-22"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230277","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2020-01-01DOI: 10.5937/industrija48-26003
Nenad Tomić
{"title":"Measuring the effects of Bitcoin forks on selected cryptocurrencies using event study methodology","authors":"Nenad Tomić","doi":"10.5937/industrija48-26003","DOIUrl":"https://doi.org/10.5937/industrija48-26003","url":null,"abstract":"The objective of the study is to determine whether the Bitcoin forks have produced significant effects on the cryptocurrency market. The event study methodology is used in this paper in order to determine the statistical significance of the abnormal return of leading cryptocurrencies after three Bitcoin forks. The forks were viewed as three isolated events, with the estimations windows and the event windows constructed separately for each of them. There were statistically significant negative effects related to the creation of Bitcoin Gold and Bitcoin SV. Contrary to expectations, there was no statistically important effect throught out the most famous Bitcoin forking and emergence of Bitcoin Cash. Although cryptocurrencies are a current topic, the literature lacks quantitative research dealing with price changes. Without quantitative analysis, it is difficult to conclude whether the return change is a consequence of a statistically significant event The analysis would therefore provide the tool to determine the statistical significance of their impact on the market. A small number of observed cryptocurrencies is the main limitation of 1 University of Kragujevac, Faculty of Economics, ntomic@kg.ac.rs 22 Industrija, Vol.48, No.2, 2020 this research. Future researches could cover a wider scope of the market and include other famous cases of forking, for example, the Ethereum forks.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"39 1","pages":"21-36"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71229899","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
IndustrijaPub Date : 2020-01-01DOI: 10.5937/industrija48-25210
Nevena Veselinović
{"title":"Monetary policy and unemployment in the Republic of Serbia","authors":"Nevena Veselinović","doi":"10.5937/industrija48-25210","DOIUrl":"https://doi.org/10.5937/industrija48-25210","url":null,"abstract":"The main aim of the examination is to conclude whether monetary policy can influence the unemployment rate through the key policy rate and to analyze the fundamnental linkages among inflation and unemployment in the Republic of Serbia, considering that those mentioned occurrences are major destabilizers of the developing economy. The Vector error correction model is used as the central model for inquiring the structure of the time series. From the cointegration equation of the VEC model, it can be concluded that there is no long-run equilibrium dynamic between the key policy rate and the unemployment rate in the Republic of Serbia over the period 2009M1-2019M6. Regarding the relationship between inflation and unemployment, there is a positive statistically significant effect of the inflation rate to the unemployment rate in the long-term. In the short term, results indicate that the key policy rate, as well as the inflation rate, do not cause the unemployment rate in the observed period.","PeriodicalId":55740,"journal":{"name":"Industrija","volume":"48 1","pages":"73-88"},"PeriodicalIF":0.0,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"71230291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}