How to improve entrepreneurship in the Republic of Serbia?

Filipović, Sanja and Petrović, Predrag (2017) How to improve entrepreneurship in the Republic of Serbia? In: Improving micro and macro competitiveness - problems and possible solutions: Thematic collection of papers of international significance - Niš, 2017. Faculty of Economics, University of Niš, Niš, pp. 67-85. ISBN 978-86-6139-136-1

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Abstract

The aim of this paper is to define whether the entrepreneurship policy is efficient enough and whether the Government of the Republic of Serbia has created preconditions for entrepreneurship development. The research is based on quantitative and qualitative analysis. The quantitative analysis covered the indicators, such as: the share of SMEs in the basic indicators of economic activity (gross domestic product, employment and gross value added), the level of profit and profit margins of SMEs, share of SMEs in foreign trade, structure of SMEs by sectors, business demography, etc. The qualitative analysis is based on the analysis of policy implementation, which could be studied through country rating by different methodologies (Doing Business list, Global Competiveness Report, Global Entrepreneurship Index). The research results showed that the biggest problem for entrepreneurs in Serbia is still an inadequate business climate and affordability of financial services. The recommendations are defined as concrete economic measures, which have practical implications.

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