LIMESplus
Primary tabs
Editorial Board
Ivo Goldstein, Faculty of Philosophy University of Zagreb, CRO
Erik Gordi, School of Slavonic and East European Studies, University College London, UK
Egidio Ivetić, Universita degli Studi di Padova, ITA
Dušan Janjić, Institute of Social Sciences, SRB
Predrag Matvejević, La Sapienza, ITA.
Anđelka Mihajlov, Public Policy Institute, SRB
Aleksandar Mirković, Eastern Michigan University, US
Marc Pilkington, University of Burgundy, FRA
Ognjen Radonjić, Faculty of Philosophy, University of Belgrade, SRB
Christine Sinapi, CEREN/Burgundy School of Business, Dijon, France
Pritam Singh, Oxford Brookes University, Oxford, UK
Aleksandra Stupar, Faculty of Architecture, University of Belgrade, SRB
Darko Tanasković, Permanent Delegation of the Republic of Serbia to UNESCO, FRA
Faruk Ulgen, Centre de Recherche en Economie de Grenoble and
Faculty of Economics, University of Grenoble Alpes, FRA
Josip Vrandečić, Faculty of Philosophy University of Split, CRO
Editor-in-Chief
Nikola Samardžić, Faculty of Philosophy, University of Belgrade, SRB
Published by
HESPERIAedu, Belgrade, Serbia
Publisher
Zorica Stablović Bulajić
Technical Secretariat
Haris Dajč
Maja Vasiljević (sekretar/secretary)
Ivana Stojanović
Pages
-
- Ekonomski principi upravljanja zajedničkim dobrima
- Summary/Abstract: Purpose – This study explains the concept, function and the importance of the common good from the standpoint of institutional economics. The research part of the article analyzes the business indicators of Serbian cooperatives, placement of goods, the issue of profit distribution and the importance of member ideas for the improvement of cooperative. In the text are measured the degree of severity of cooperative’s principles, desirable personality traits that should have any cooperative member as well as mutual trust. Besides, it is examined the impact of the aforementioned variables on cooperative business indicators. The final part of the research analyzes issues related to potential conflicts in a cooperative and transaction costs they cause. It analyzes the mechanisms to overcome them, the issue of mutual resources sharing, control and surveillance. Design/methodology/approach – Data was collected using an online questionnaire with closed answers, together with Likert scales. The sample included farming, cattle-breeding, vegetable-growing, fruit-growing, beekeeping, fishing, construction, crafts and mixed cooperatives in more than 15 cities in Serbia. 85 questionnaires were distributed to managers of cooperatives in two waves in the space of 15 days. Besides standard descriptive statistics, in the survey were applied factor, regression and correlation analyses. Main findings – The study demonstrated that the regression factor scores 1-3, obtained through factor analysis, influence on the change of dependent variable ‘cooperative turnover in 2015’. It is also confirmed that the trustworthiness index is in positive correlation with annual turnover of the cooperative and also with variable ‘cooperative`s size of profit’.
-
- Elektromagnetska polja u životnoj sredini
- Summary/Abstract: Electromagnetic fields are present in the everyday life. Monitoring of electromagnetic fields in the environment, plays a fundamental role in sustainable development of urban areas especially designated for housing. Many years of experience of the author of this paper points to the need for systematic informing and educating the population.
-
- Emisija CO2 putničkih automobila u Srbiji
- Summary/Abstract: The paper’s objective is to analyze CO2 emission from petrol and diesel passenger cars. Mathematical model for determination of optimal passenger cards life cycle is used in this paper. Special attention is given to analyze the following life cycle sequences: use, maintenance and recycling. Analyzing the Serbian passenger car fleet, the author noticed the possibilities in reduction of CO2 emission. In this paper is also analyzed impact of imports of used passenger cars on CO2 emission.
-
- Environmental Factors Affecting Accounting Practices in Developing Countries
- Summary/Abstract: The purpose of this paper to investigate the factors that formed and generated the current state of accounting practices in the developing countries. The methodology adopted is descriptive and analytical. This paper tries to explain the reasons lying behind the unsatisfactory situation of the accounting practices in developing countries in general and in the Sudan in particular. Therefore, the paper depends on the secondary data to review those factors in developing countries including the Sudan. Also, the paper presents the impact of those factors in the Sudan as evidence through conducting an empirical study. The primary data have been gathered through administering two questionnaires. The population includes two distinct categories; Academics in the field of accounting and auditing at the Sudanese universities, and institutions and the accounting practitioners in the Sudanese industrial companies. The SPSS software program has been used as statistical techniques to analyze the data, and Mann Whitney test was also used to evaluate the differences in the perceptions of the two samples study. It has been found from the literature review and the data analysis that there are a lot of environmental factors affecting accounting practices in developing countries in general and in the Sudan particularly. The main factors are: Accounting profession and Accounting education in addition to other factors such as: The type of economic, Colonial powers, Political, Legal, and Cultural factor.
-
- European Legitimism and Serbian Revolution
- Summary/Abstract: The Congress of Vienna (1814–1815) promoted legitimist, aristocratic and clerical reaction, facing the consequences of various revolutions, uprises and Napoleonic reforms. New international order was to preserve the stability of borders and mutual political and caste solidarity. On the other hand remained the permanent discontent of citizenship, and a new reality that lurked beneath the layers of intellectual reflections on the character and the rights of nations, whose leadership restored order and imposed boundaries considered as tyrannical and unjust. One example in this respect was the Second Serbian Uprising, the next stage of the Serbian revolution, begun in 1804. Although it was a local movement placed on peripheral boundaries of both Ottoman and Habsburg empires, the Secon Serbian Uprising has emphasized the legitimacy of the nation. Previously, the first European liberals in Spain, although rebels against Napoleon, had advocated similar aspirations afterwards accepted by the Italian Carbonari and the Greek Filiki Eteria. The long-term successfulness of South European liberation movements, including the Serbian Revolution (1804–1830), was proof of long lasting unsteadiness of reconstructed European order.
-
- Evropska kriza i izazovi populizma
- Summary/Abstract: The economic crisis that hit the European Union after the outbreak of the Global Financial Crisis in 2008 resulted in a strong economic downturn and an increase in poverty and inequality in the distribution of income and wealth. The economic crisis, increase in poverty, the migrant crisis and frequent terrorist attacks have further led to a political crisis and the rise of populism, which, through the rising of legitimate political questions, thrives towards social antagonisation and illiberal society. The main task of the European politicians is to confront populism, face its own mistakes made in recent past and thus bring back democracy to a liberal society. In the short term, it is necessary to give up austerity measures and increase investments and real wages in order to increase employment and reduce poverty and inequalities. In the long run, it is requisite to personalize responsibility and see if the European Union has the strengths and potentials for political integration.
-
- Failed Conspiracy
- Summary/Abstract: This paper shows and analyses preparations for Serb uprising against Ottoman rule in 1840 and 1841. It explains Niš rebellion of 1841 was just a part of uprising planned for much wider area, but accomplished only in The sancak of Niš. The role of prince Nikola Vasojević in uprising preparations was indicated. How the uprising was financed and what was the role of prince Miloš Obrenović remain unanswered questions. The paper is mostly based on Serbian, Russian, British, French and Austrian sources.
-
- Financial Intermediation in South East Europe
- Summary/Abstract: The focus of this paper is on several major obstacles to financial development in South East Europe (SEE), and on potential policy remedies capable of supporting financial intermediation in the region. Financial underdevelopment is present both in the banking and in the non-banking financial industry. Non-performing loans are seriously hampering credit growth in the banking industry, and overall economic growth in SEE financial systems is dominated by banks. In addition, certain regulatory shortcomings, collateral valuation practices and high level of dollarization are further slowing and burdening banking sector development. Other (deposit taking and non-deposit taking) non-banking credit financial institutions are frequently unregulated and/or underdeveloped. The securities industry is a far cry from initial expectations, underdeveloped and incapable of generating adequate gross fixed capital formation to support economic growth. Alternative financing through venture capital and angel financing is virtually nonexistent. This paper aims to provide an analysis of root causes of these shortcomings, and proposes certain policy recommendations for the development of financial intermediation in SEE countries.
-
- Financialization in Unsuccessful Neo-Mercantilist Economies
- Summary/Abstract: The workings of the capitalist mode of production was drastically modified by the industrial crisis in developed economies during the 1970s. In developing economies the ISI model was replaced by globalized, deregulated and financialized systems that were dominated by exports and unable to achieve surplus or balanced current accounts. Therefore, foreign capital inflows were needed to stabilize balance of payments, and this meant higher income leakages, in the form of financial gains. On this basis it is argued that “unsuccessful” economies that underwent the process of financialization and neo-mercantilism experienced limited economic growth, and more importantly, increased income inequality, as developed economies increasingly appropriated the financial gains of developing economies. In addition to the exporting of goods and services based on low wages (and reduced costs), the financial market was strengthened as a means of extracting the surplus from developing economies in the form of financial gains, opening up what we have referred to as the “financial channel”.
-
- Financialization of Non-Financial Companies
- Summary/Abstract: While financialization is recognized as one of the major transformation of our capitalist economies in the last three decades, research on the topic has primarily focused on its socio-political dimensions and its macro-economic and distributional effects: increase of the “rentier” share to the detriment of thewage share, reduction in accumulation and growth, instability, inequalities, among other. Firm-level analyses, although in our view key to the question, have so far received limited attention and proper firm-level empirical studies remain partial and insufficiently developed. In this paper, we investigate and characterize the financialization of a major non-financial sector based on firm-level data analysis, by studying the transformation of the automotive sector over the last 15 years. The financial distress of the giants of the sector – including the bankruptcy of GM – has led to sometimes undisputed public buyout, justified mainly by a “too-big-too-fail” motive. Yet, the link between the sector difficulty and the 2008 financial crisis has so far failed to be questioned. We test, in this paper, the hypothesis that the financialization of car manufacturing industry would have played a significant role in the sector’s crisis since then. We build an original data base from individual financial reports of the majors of the sector and analyze the financial data of individual companies on the 2000–2015 period. Balance sheet and cash flow analysis confirms a tremendous trend towards a financialization of the sector as a whole, especially after 2005. Following Minsky, we also test the robustness of the balance sheet regarding his hedge/speculative and Ponzi finance criteria. This leads us to qualify the sector as a whole as a financialized industry facing high financial fragility of a specific form. This leads us to recommendations towards the sector and in terms of economic policy.
-
- Fleksibilne mreže za karijeru i održivi turizam
- Summary/Abstract: Nowadays, when seeking to link the labor market and higher education, new forms of education for young people and adults are needed. The Flexible Networks project is geared precisely to linking these two segments in a new way, enabling individuals. The international network of flexible studies is made up of different forms of education and training that are linked to one or more institutions. The essence of this network is that domestic and foreign students and individuals can be educated towards their step-by-step development. The characteristics of these international networks are the co-ordinated centers that independently of the institutions and organizations of education monitor and evaluate the progress of each individual. That is why the Program Committee is formed within a Career Center which evaluates the competences that are acquired and enables each individual to make their development plan through an educational process that is not limited by time and space. So those who enter the Flexible Study Network make their credit and competency funding plan themselves and finance their own process that can last longer than a legally regulated teaching process and even through online study programs, but can also gain knowledge through the network and university and high school diplomas that are in the network and which can in a special way test the knowledge of the participants of flexible studies. Institutions and organizations in the network can arrange different and informal and formal training and recruitment through the online career center during the process of studying. The difference between these networks and other educational networks is that each individual can remain unlimited in the network and can acquire (even in parallel) more diplomas, qualifications and certifications, and with the help of a career center adapt to a flexible labor market.
-
- Fleksibilne mreže za karijeru i održivi turizam
- Summary/Abstract: Nowadays, when seeking to link the labor market and higher education, new forms of education for young people and adults are needed. The Flexible Networks project is geared precisely to linking these two segments in a new way, enabling individuals. The international network of flexible studies is made up of different forms of education and training that are linked to one or more institutions. The essence of this network is that domestic and foreign students and individuals can be educated towards their step-by-step development. The characteristics of these international networks are the co-ordinated centers that independently of the institutions and organizations of education monitor and evaluate the progress of each individual. That is why the Program Committee is formed within a Career Center which evaluates the competences that are acquired and enables each individual to make their development plan through an educational process that is not limited by time and space. So those who enter the Flexible Study Network make their credit and competency funding plan themselves and finance their own process that can last longer than a legally regulated teaching process and even through online study programs, but can also gain knowledge through the network and university and high school diplomas that are in the network and which can in a special way test the knowledge of the participants of flexible studies. Institutions and organizations in the network can arrange different and informal and formal training and recruitment through the online career center during the process of studying. The difference between these networks and other educational networks is that each individual can remain unlimited in the network and can acquire (even in parallel) more diplomas, qualifications and certifications, and with the help of a career center adapt to a flexible labor market.