Acta Economica

Acta Economica

Basic info

  • Publisher: Faculty of Economics, University of Banja Luka
  • Country of publisher: bosnia and herzegovina
  • Date added to EuroPub: 2019/May/19

Subject and more

  • LCC Subject Category: Economics
  • Publisher's keywords: Theoretical Economics, Management, Entrepreneurial Economics, International Economics, Economic Analysis, Marketing, Business Finance, Accounting and Auditing, Operational Research, Actuarial Science
  • Language of fulltext: english
  • Full-text formats available: PDF

Publication charges

  • Article Processing Charges (APCs): No
  • Submission charges: No
  • Waiver policy for charges? No

Editorial information

Open access & licensing

  • Type of License: CC BY-NC-ND
  • License terms
  • Open Access Statement: Yes
  • Year open access content began: 2002
  • Does the author retain unrestricted copyright? True
  • Does the author retain publishing rights? True

Best practice polices

  • Permanent article identifier: DOI, UDC
  • Content digitally archived in: Nopolicy
  • Deposit policy registered in: None

This journal has '331' articles

MODEL OF THE SOCIAL AND ECONOMIC DEVELOPMENT

MODEL OF THE SOCIAL AND ECONOMIC DEVELOPMENT

Authors: Станко Станић, PhD
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Abstract

Economic development is complex and dinamism category. If we research this appearance, we shall find that’s a function of lot of factors. However, until today, level of development is observed as function of limited number of factors (in come per capital, stocks of capital, effiCIEncy of using of ca pital, level of interest rate, costs of education and health, stocks of nature resources, bigness of state). In this paper, number of factors of economic development are extented with new variablies (level of education and bealth, level of democracy, differentiation in ethnic groups and leanguage, facts if country has come out at sea or not, indicators of curtural characterizes, average annual temperature).

Keywords: level of development, model, income per capita, quantitative and qualitative indicators
EUROPEAN MODEL OF AUTONOMY AS A BASE OF INTEGRATIONAL PROCESSES DEVELOPMENT IN THE SOUTH EAST EUROPE

EUROPEAN MODEL OF AUTONOMY AS A BASE OF INTEGRATIONAL PROCESSES DEVELOPMENT IN THE SOUTH EAST EUROPE

Authors: Рајко Томаш, PhD
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Abstract

European Union has intention to develop a project in order to motivate countries within the region which will adopt modern European principles for their own development of institutions. That is the way of their same and constant tempo of approachin to European Union as its equal members. There are some ide as of the new categories of development regarding the membership in the EU: Autonomous State of the EU and Autonomous Regions of the EU. Autonomous states and regions would not have status of the fully equal member but they would be progressively involved into political institutions of the European Union. Dayton Agreement would have political structure in Bosnia and Herzegovina which is very suitable for applying of models of autonomous state of the EU and autonomous tegions in the EU.

Keywords: European Union, economic integration, autonomous state of the EU, autonomous region of the EU and members hip in the EU
ECONOMIC REFORMS IN YUGOSLAVIA: HOW TO AVOID ERRORS OF THE OTHERS

ECONOMIC REFORMS IN YUGOSLAVIA: HOW TO AVOID ERRORS OF THE OTHERS

Authors: Јован Б. Душанић, PhD
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Abstract

After September 2000 elections, Yugoslavia is now, when it is very late in comparison to other postocialistic countries, at the very beginning of the essential economic reforms and a real including into international economic flows. Delay of one decade is a big disadventage but also a big chance to avoid mistakes, misleads through which other economies in transition have passed. This work specially insists on necessity that strategy of economic reforms and including into international economic flows must be a result of a good imagined and consistent programme which also must be developed and applied by the competent persons who represent authentic local elite with a cleary expressed national interests based on a real patriotism. We can see it in negative experiences of many economies in transition where ready-made "recipes" of economic reforms were applied. They were based on Washing ton Consensus which was mostly adopted and prepared by the local comprador elite.

Keywords: Washington Consensus, Comprador Elite, reforms, transition, privatisation, liberalisation, stabilization
PRIVATISATION – KEY LINK FROM SOCIALISM TO CAPITALISM

PRIVATISATION – KEY LINK FROM SOCIALISM TO CAPITALISM

Authors: Миодраг Зец, PhD
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Abstract

The transition process is multidimensional; the overall purpose being the social and economic re–arrangement with privatisation being a key factor. In essence, the transition involves the rejection of the bureaucratic economic model, the concept of state–owned property and state workers and, in it splace, the adoption of a market economy which is based on privately–owned property and a society founded upon a parliamentary democracy. In practice the transition process might be classified into three categories: First: the practice and procedure of the implementation of the transition process in other former communist countries were examined and the results analyzed; the objective being to focus on distinctive features requiring certain combination of both models that are already incorporated and the results of implemented processes. Second: models from ex–Yugoslav republics were analyzed and the overall success of the transition implementation process considered. Third: the privatization process in Serbia embraced various stages with very modest effects as a result of a lack of clear political determination to implement major changes. Previous regimes had subordinated institutional privatization to non–institutional organs who lacked the desire to disassemble party–affiliated state and adopt the concept of a democratic civil soCIEty based upon a market economy. Following the identification of deficiencies in the existing model one might suggest a general concept of a feasible privatization model based upon a compromise between conflicting social interests and the creation of a sustainable ownership economic structure, the purpose of which is the provision of a viable market economy and political democracy. The identification of a viable privatization procedure is the cornerstone upon which the stability and success of the transition process relies. Privatization, as a concept, is dependent upon key factors such as: state, citizens, workers, creditors and investors. Of course, the success of the transition process is determined by abolition of poverty re–distribution and the introduction of a growth of welfare state.

Keywords: privatization, tranzition, socijalism, capitalism
GLOBALISATION AND LIBERALISATION OF THE WORLD TRADE AND MARKET

GLOBALISATION AND LIBERALISATION OF THE WORLD TRADE AND MARKET

Authors: Вујо Вукмирица, PhD
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Abstract

Globalisation and liberalisation of the world trade and market are in process together with processes of the regional integration. Regardless the varions opinions and contraverses of globalisation, affects and presence in various fields proves those opinions which that globalisation of the world economy is not only the new oppearance but also a new doctrine. Euro is a new factor of globalisation within the Europe an Union and Europen countries as a whole and it makes possible their connecting to make United States of Europe (USE).

Keywords: globalisation, liberalisation, trade, market
SOME ASPECTS OF SPECIFIKATION OF LINEAR PROBABILITY MODEL

SOME ASPECTS OF SPECIFIKATION OF LINEAR PROBABILITY MODEL

Authors: Јасмин Комић, PhD, Милан Божић
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Abstract

In many situations dependent variable in a regression equation is not continual, but discrete choice. Modeling in such situations includes cases when dependent variable takes only two values as well as cases when the choice has to be made between few possibilities. All the models can be basically classified as linear and nonlinear. The linear probability model allows simple estimation of the parameters and interpretation of the results. Besides the model with dichotomous dependent variable, in the article is presented the model with replicated data and the model with polytomous dependent variables.

Keywords: Linear probability model
FOREIGN TRADE IN THE COUNTRIES IN TRANSITION IN THE CENTRAL AND EAST EUROPE AND STRUSTURES OF CHANGING

FOREIGN TRADE IN THE COUNTRIES IN TRANSITION IN THE CENTRAL AND EAST EUROPE AND STRUSTURES OF CHANGING

Authors: Радован Ковачевић, PhD
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Abstract

Central and East Europe Transition Economies (CIE) achieved favorable results in the field of foreign trade, parallel with programs of economy stabilization and privatization. According to foreign capital inflow, they succeeded in structural changes of production and increased export competitiveness. Clear consequence was growth of effiCIEncy in using of domestic resources. Regarding to regional aspects of foreign trade, EU became the main partner of these countries, above all thanks to growth of intra-industrial trade flows. Privatization was marked by introduction of labor in tensive production process, within transnational corporations have diminished production costs. Dynamic growth of intra-industrial trade almost is owing to growth of production characterized by low new added value. That makes export earnings vulnerable to cyclical oscillation of EU demand. All these countries are candidates for EU membership and in line with that, they signed so-called Europe an Agreement. That means free trade of industrial goods between them, except food-staffs. Croatia signed special agreement, which is different for some details regarding to Europe an Agreement. Russian Federation has the less liberalized system of trade with EU.

Keywords: export, import, transition, capital
ESSENCE AND ACTUALITY OF KAIN´S THEORY OF INFLATION

ESSENCE AND ACTUALITY OF KAIN´S THEORY OF INFLATION

Authors: Ђоко Слијепчевић, PhD
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Abstract

Phenomen of inflation has been Representing for a long time an universal problem and one of the most serious (beside the unemployment) troubles specific for modern social - economic changes in the most of countries. In other words, inflation and specially its intensive work affects badly the whole economic and general soCIEty activities, producing unstability, disorientation and chaos in general (under hiperinflation conditions) and so causing nonrational behaviour of economic and social subjets. That points on seriousness and complexity and actuality of this phenomen with, first of all, economic but also social and political consequences too. This kind of complexity of inflation, or a great number and variety of its reasions, and troubles and produced consequences, caused enormous interests and considering of this problem in many of theoretical and empiry works in a number of world economic authors and among them kain who has a special position and importance. Regarding the specific points of Kain’s inflation interpretings, they can be important and actual in condition of economic functioning in many of countries which are in transitional processes and streams of world globalization. This work deals with essence of his theory of inflation.

Keywords: inflation, prices, offer, demand, income, expenses, saving, investitions
MANAGEMENT AND STRUCTURE OF INFORMATION SYSTEMS

MANAGEMENT AND STRUCTURE OF INFORMATION SYSTEMS

Authors: Ранко Лончаревић, PhD, Весна Марић, PhD
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Abstract

In this paper the key point is on high level of mutual connection between management and information system. To precede from a thesis that information system must be special service by management, authors have shown which structural and functional performances information system must have. In spite of all that, special attention is point of role, meening and performances contemporary information systems like Management Information System, Decision Support Systems and Data Warehouse Systems.

Keywords: Management, Decision making, Information, Information Systems
THE PROCESS OF GLOBALIZATION AND TRANSITION

THE PROCESS OF GLOBALIZATION AND TRANSITION

Authors: Слободан Ђорђић, PhD
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Abstract

This article deals with some open questions on globalization and transition processes. It is about positive as well as about negative effects of these processes. As for globalization, positive trends relate to the insisting on higher level of market economy and liberalization trends including the rapidity of the movement of capital and the transfer of technology. The speculative financial economy and different kinds of disfunctions and dissipations that are just emerging in this time belong to the negative trends. In this article up to-date processes of transition show in general negative results. It relates especially on the slowdown of economic activities in the countries under transition as wel as slowdown of foreign private capital which make an essential factor for instigation the growth of domestic economies in the countries under transition. As key preconditions for amelioration of these economies under transition have been seen as follows: The completion of privatisation process; The creation of the state of law and Institutional and economic sistem adjustments to the market economy.

Keywords: transition, globalization, speculative economy, disfunctions, megatransition changes
LEARN BANKING

LEARN BANKING

Authors: Недељко Милаковић, PhD
LEARN BANKING 2019/May/19
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Abstract

The term “lean ban king” we derived from English. It came to be used in the middle of the last decade of the 20th century. It signifies the business policy of banks that appeared in conditions of deregulation and tougher competition of “non-banks” in jobs that up to that time, were regarded as exclusively baning jobs. Just like deregulation, the adaptability of business banks was imposed by the general destabilization of foreign currency rates and interest rates, as well as the securitization of financial markets, and it was made possible by the development of computer technology. The business banks are adaptable when they permanently increase their competitive ability. In other words, when they permanently provide optimal financial results (proper profit on capital). Lean banking needs certain internal and external preconditions. The first preconditions are its personnel and material ability, and the second preconditions are legal and general conditions provided by the state in which the banking functions. Internal preconditions are the internal worry of each bank. As concerns banking law, in the Republic of Srpska and in the Federal Republic of Yugoslavia their bases are well set (in the Republic of Srpska the confronting of two laws should by all means be overcome, in order to create a universal banking system). However, as concerns all other general preconditions that create a good economic, i.e. investment location, they still do not exist, neither in the Republic of Srpska, nor in the Federal Republic of Yugoslavia.

Keywords: Banking, adaptable, deregulation, product, market
SMALL BUSINESS - A CHANCE FOR EMPLOYING AND DEVELOPMENT

SMALL BUSINESS - A CHANCE FOR EMPLOYING AND DEVELOPMENT

Authors: Даница Берберовић, PhD, Шефкија Берберовић, PhD
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Abstract

From experiance of the developed countries which show the strategy of small and middle business to gether with the state support for enterpreneurs we can see that it is the way to fast development. Giving support to small business is the best way to change structure of economy and property make conditions for market economy. That is why country should make a good ambient and maintain specific conditions for small business developing through organising joint institutions for professional support to small business, then, economic support to investments into small business and finally, organising specialistic financial institutions for small business. In that purpose it is necessary to concentrate all possible funds wich should begiven under favorable conditions. Beside that, it is necessary to adapt laws and administrative procedur optimally just in purpose of small business development.

Keywords: small business, organisation, function, employing, development, state, economic measures, initiatives
SETTLING OF TRADE DISPUTES WITH ELEMENT OF FOREIGN ITERFERENCE

SETTLING OF TRADE DISPUTES WITH ELEMENT OF FOREIGN ITERFERENCE

Authors: Рајко Касагић, PhD
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Abstract

Arbitration settling of disputes among economic subjects as a result of business transactions with element of foreign interference is more and more important for of judging. Even though, gradually it has more important role in settling disputes than the state courts have. The big influence on this kind of judging comes from neces sity of more intensive goods ad services exchange. Those relationships cause disputes which disputed sides send to international trade arbitration eliminating direct intervention of national systems of the state administrative justice The fact if the dispute among the economists of various countries will be settled by one of the country ´s administration of justice or by the international trade arbitration af fects the intensity of goods ad services exchange. Then, it also af fects new achievements spread all over the world. Finally, it affects overcoming of heterogeneity of national economic and law systems. While making a contract with an international trade arbiter to settle a dispute it is necessary to know its book of rules and national, material and process administration of justice which will be applied by the arbitration. That ´s why Yugoslav Economy Chamber and our economy subjects are responsible for making contracts about foreign trade arbitration. According to its way of work and liberal use of its Book of Rules, it has all characteristics of standard unification regarding the work of the international trade arbiters.

Keywords: arbitration, national court, business transaction, trade law, dispute
MONEY AS INFORMATION

MONEY AS INFORMATION

Authors: Иван Шијаковић, PhD
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Abstract

This work is a sociological view on a money and its role and significance in modern soCIEty. Money is not only means of goods exschange, it is, first of all, an information. Money becomes a segment and one of the instruments of the following world globalisation.

Keywords: Money, information, transformation, globalisation
PROJECTION OF TOURIST TRAFFIC DEVELOPMENT IN BOSNIA AND HERZEGOVINA

PROJECTION OF TOURIST TRAFFIC DEVELOPMENT IN BOSNIA AND HERZEGOVINA

Authors: Халид Куртовић, PhD
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Abstract

As a difference from all other scientific fields, tourism uses qualitative space on such way that using it the space is to be enriched but not devastated. Touristic demand, therefore, has been directed to wards such places, which by its qualitative values will satisfy has been directed to wards such places, which by its qualitative values will satisfiers creative, cultural and other tourists needs. Bosnia and Herzegovina, as result of its rich heritage from the past, as well as result of rich touristic supply: mountain, health, uniting, religious, maritime and other sorts of tourism, satisfies demand for qualitative touristic recources. It is a fact, the reare not many qualitative spaces in the world and the main touristy demand, directed to wards subtropic and mediteranian spaces, which, as result of a great number of visitors, has been approached to the point of saturation. Just the se moments give apportunities to Bosnia and Herzegovina, as a country which offers maritime and all other kinds of continental fourism, a chanse to realize programme of measures for valorisation of touristie values. The conception of international touristie traffie developmet has been based on reserach of present touristie demand in the international touristie market and on potentialities of Bosnia and Herzegovina to fulfill the present demand. The projection of the development pursuant to sorts of tourism, as well as traffie periods, concludcd wth 2020 year, is presented. Some characteristics of the touristie destinations, ac cording to basic functions which on adequate way represent their role in satisfying touristie demand, have been underlined. Taking that in account it is possible to conclude, the touristic demand of Bosnia and Herzegovina, by modernisation of its financial base, can satistfy present demand. Finally, from solutions, emerged as the result of research project, a lot of actions and activities are presented, which, if we want realisation of given aims in Projections, they are necessary to be dne.

Keywords: touristic development, touristic traffic, strategy of development, tourism, tourist

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