Drinka Peković

Journal of International Studies

Impact of remittances on employment: Evidence from post-transition countries

Peković, Drinka

https://www.jois.eu/index.php?929,en_impact-of-remittances-on-employment-evidence-from-post-transition-countries

The aim of this paper is to examine the impact of remittances on employment rates in post-transition countries and to determine differences in remittance effects on male and female employment rates. For this purpose, panel data over the 2008–2023 period are analyzed for 24 countries. The remittance effects are estimated using the generalized method of moments (GMM) approach. The estimation results indicate that remittances have a statistically significant impact on the employment rate. Considering the endogenous regressor problem, it is estimated that a 10-percent increase in remittances per capita will result in a decline of 0.10 percent in the total employment rate. While the female employment rate is projected to fall by 0.18 percent, the effect on the male employment rate is insignificant. These findings are relevant for defining effective measures to mitigate the negative effects of remittances on the labor market.

remittance; employment rate; post-transition countries; labor market; GMM approach

M24+

Oditor

The effect of new investments on the cost of material and energy in the Serbian economy

Trivunac Beke, Jozefina; Peković, Drinka

https://oditor.rs/index.php/oditor/article/view/280/214

The paper examines the effect of revenue and investment in real estate, plants, and equipment on the cost of materials and energy in companies in the Republic of Serbia, both at the level of the overall economy and across economic sectors. The research is based on official data published by the Serbian Business Registers Agency and covers ten economic sectors for the period 2013–2022, using panel models. The results of cointegration tests show a long-run equilibrium between the variables. The effect of revenue on the cost of material, fuel, and energy is positive in the long run. The effect of investment in real estate, plants, and equipment on these costs is statistically significant and negative in the long run at the level of the overall economy and in several sectors, while it is positive only in the sector of Accommodation and Food Services.

investment in fixed assets; revenue; operating expenses; Serbia; UN Goal 12; panel model

M24

Ekonomika

Assessment of Sustainable Development in Selected Countries of Southeast Europe

Madžar, Lidija; Peković, Drinka; Djekić, Ivan

https://doi.org/10.5937/ekonomika2502073M

The purpose of this article is to examine the possibilities of sustainable development and to assess the impact of certain environmental predictors on real GDP growth in eight selected countries of Southeast Europe (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Greece, North Macedonia, Romania, and Serbia) in the period from 2001 to 2020. Using the Least Squares Dummy Variable (LSDV) panel data method, the article shows that, in terms of access to safely managed sanitation services, use of renewables, and harmful CO2 emissions, economic development in these countries is not sufficiently sustainable. At the same time, it is sustainable only from the perspective of agricultural methane emissions. Policy makers should intensify intra-regional cooperation and comply with recommendations from the SEE 2030 Strategy.

sustainable development; Least Squares Dummy Variable (LSDV) approach; Southeast Europe (SEE); CO2 emissions; environmental indicators

M51

Ekonomija tržišta rada

Ekonomija tržišta rada

Peković, Drinka

https://plus.cobiss.net/cobiss/sr/sr/data/cobib/154465545

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Ecologica

The effects of energy consumption on economic growth in post-transition countries

Peković, Drinka

https://doi.org/10.18485/ecologica.2023.30.109.11

Energy is a relevant input in production activities and one of the fundamental determinants of economic development. This paper examines the impact of energy consumption on economic growth in EU and non-EU post-transition countries. The impact is estimated using panel data for ten post-transition countries in the period 2012–2020. The results show that energy consumption has a positive and statistically significant impact on economic growth. A one-percent increase in final energy consumption per capita leads, on average, to a 0.557 percent increase in real GDP per capita. These results may be important for defining policy measures and energy incentives aimed at new technologies and energy-efficient industries to support sustainable economic growth.

energy consumption; economic growth; post-transition countries; panel data analysis

M53

Proceedings Book from Second International Scientific Conference “Challenges of Digitalization in the Business World”, Belgrade

The impacts of digitalization on employment and labour skills in the European Union

Peković, Drinka; Joksimović, Marijana; Madžar, Lidija

https://www.researchgate.net/publication/378659057_

Digital technologies have influenced economic development and business processes in ways that require enterprises to undergo digital transformation. Working in a digital environment has changed work organization from labor-intensive to more technology-intensive models. The paper examines the impact of digitalization on employment and employees’ skills in the European Union. It highlights differences between large enterprises and SMEs in the use of digital technologies and shows that accelerating digitalization may deepen labor market disparities unless adequate ICT skills are developed. The challenge for policy makers is to stimulate enterprises, particularly SMEs, to invest more in digital technologies and ICT skills upgrading programs.

artificial intelligence; digitalization; employment; European Union; ICT skills

M33

Proceedings Book from Second International Scientific Conference “Challenges of Digitalization in the Business World”, Belgrade

The importance of artificial intelligence in the fight against money laundering

Joksimović, Marijana; Peković, Drinka; Stamenović, Milorad

https://www.researchgate.net/publication/378497381

Due to fast-paced lifestyles, rapid improvements in financial technology, and the increasing connection of the financial sector with virtual transactions, opportunities for cybercriminals have grown, leading to the introduction of artificial intelligence to improve protection mechanisms in the fight against money laundering. The previous AML approach has been upgraded to a new risk-based approach. The paper explores the importance of artificial intelligence in AML and emphasizes that this approach can reduce costs in retail banking, insurance services, and correspondent banking. The research uses authorized data from national and international financial organizations and time-series data for the period 2016–2022.

artificial intelligence; money laundering; new risk-based approach to AML; risks

M33

Proceedings of 5th Virtual International Path to a Knowledge Society – Managing Risks and Innovation

The Impact of R&D Activities on Total Factor Productivity in Serbia: Application of the Generalized Method of Moments Approach

Madžar, Lidija; Peković, Drinka

https://www.researchgate.net/publication/378658754

Total Factor Productivity (TFP) is a key indicator of economic growth and progress. This article explores the factors influencing TFP in the Republic of Serbia during 2006–2019. Using the Generalized Method of Moments (GMM), it was found that gross investments and trade openness have a statistically significant positive impact on TFP, while R&D expenditures have a statistically insignificant effect. The labor force participation rate shows a negative and statistically significant impact, indicating distinct work intensity in the domestic economy. The findings suggest the need for stronger investment in R&D, education, training, and scientific-research infrastructure to support productivity growth and sustainable development.

Total Factor Productivity (TFP); research and development (R&D) expenditures; innovations; economic growth; labour force

M33

Revizor

The effects of investments in permanent assets on employment and salaries by enterprise size

Beke Trivunac, Jozefina; Peković, Drinka

https://casopisrevizor.rs/index.php/revizor/article/view/74/72

This work aims to identify the impact of investments in permanent assets and the sources of these investments on increases in employment and employee salaries by enterprise size. The data are drawn from the Financial Statements Annual Bulletin published by the Serbian Business Registers Agency and cover the period from 2014 to 2020. The results show a high, positive, and statistically significant correlation between investments in permanent assets and the number of employees in large, medium, and micro-enterprises. There is also a high, positive, and statistically significant correlation between salaries and investments in permanent assets across all enterprise-size groups. Long-term liabilities are a substantial source of financing investments in permanent assets in medium, small, and micro-enterprises.

large, medium, small and micro-enterprises; financial liabilities; capital; Serbia

M53