Vladimir Ristanović

• Researcher
• Senior Research Associate at Institute of European Studies

Sustainable agricultural products are sophisticated because they are directly related to the health of end users and have a specific quality and yield. The market for these products is specific and determined by various factors. This paper analyses the placement of sustainable agricultural products on small farms in the Serbian economy through mult...

In times of global natural changes, environmental pollution, and the harmful impacts of certain products, it is essential to observe consumer behavior regarding preferences for products with sustainable characteristics. This paper evaluates the process of making decisions about the purchase of sustainable products using the Analytical Hierarchy Pro...

Green investments help to create less harmful alternatives and adequate funds that contribute to economic growth, sustainable development, and social well-being. The paper aims to evaluate decision making on the choice of green investments based on multi-criteria decision making (MCDM). The applied methods are empirical and analytical based on the...

Scientific research related to the avoidance of calculation and payment of profit tax in public enterprises is very rare, due to the belief that public enterprises do not avoid paying profit tax because their owner is the state, city, or local government unit. The research conducted in this paper has shown that the largest public enterprises in Ser...

Apstrakt: Rast svesti o značaju upravljanja otpadom u ekonomiji poslednjih godina je postalo važno pitanje održivosti. Cirkularna ekonomija podrazumeva veći stepen uspešnosti upravljanja otpadom. Cilj ovog papira je analiza upravljanja otpadom na lokalnom nivou. Istraživanje je zasnovano na anketnom upitniku 250 ispitanika različitog uzrasta i step...

Sustainable development is a complex set of activities on which the United Nations (UN) has based the future sustainable, inclusive, and ecological development of countries. By setting goals in the 2030 Agenda, sustainable development became a priority over economic growth. Improvement of the environment, progress of the economy, and preservation o...

The main objective of this edited book is to contribute to reflection on the complex relations between EU integration taken lato sensu and environmental legislation. It is intended for a wider scientific community, practitioners in various fields, the business community, political decision-makers, but also for every reader sharing with our authors...

Green investments help to create less harmful alternatives and adequate funds that contribute to economic growth, sustainable development, and social well-being. The applied methods are empirical and analytical based on the study of literature, multi-criteria modelling, determination of weights, and ranking of criteria in deciding green investments...

Data and debates about the role of women in the digital world are gaining increasing importance in the study of gender and the digital economy. This paper explores the complex relationship of the role of women in the digital economy over the last two decades. The analysis used a review of the literature of scientific works and documents of official...

This research explores the link between rural tourism and sustainable development, with a focus on reducing CO2 emissions through eco-friendly travel practices. It evaluates rural tourism practices and eco-friendly initiatives in 10 EU countries, emphasizing the significance of low-carbon transportation, renewable energy, and smart travel technolog...

The "twin transitions" have become more current than the "twin deficits." The number one theme of sustainable development today is the double transition – green and digital transition. Discussions and debates about their contribution to the economy, sustainable development, circular economy, the environment, and the social community are already wel...

The growing awareness of the importance of waste management in the economy has become an important issue of sustainability in recent years. The circular economy implies a higher degree of success in waste management. The aim of this paper is to analyze waste management at the local level. The research is based on a questionnaire of 250 respondents...

Unemployment has been a macroeconomic problem of every economy for decades, requiring a detailed analysis. The paper focuses on the sources of unemployment in the Euro Area during 2000-2021. The article aims to identify the essential cause as well as sources of unemployment during the two decades of the 21st century and whether it should be sought...

The "twin transitions" have become more current than the "twin deficits." The number one theme of sustainable development today is the double transition – green and digital transition. Discussions and debates about their contribution to the economy, sustainable development, circular economy, the environment, and the social community are already wel...

Bank profitability is a fundamental issue for owners and a key topic for the financial system. Measuring the banking sector’s profitability is a specific task due to the business and the type of products they offer. Synthetic indicators of the bank’s performance are used for this. Profitability in Serbian banks is positive, lower in crisis periods,...

Consumer behavior is dynamic and can shift rapidly due to various factors. The COVID-19 pandemic introduced unprecedented market disruptions, prompting unique consumer reactions. Our foundational study dissected factors affecting consumer habits, laying the groundwork for a focused analysis of how individual consumption was impacted during the pand...

Study shows that managers of Serbian agriculture companies use accounting accruals for the non-current assets to create book-tax differences and influence effective tax rates. Also, we found that the synthetic variables of materiality show low materiality levels of deferred tax assets and liabilities, deferred tax expenses, and revenues reported in...

The research paper comprehensively and consistently addresses all relevant theoretical areas related to the topic and includes an extensive empirical analysis of the absorption of EU funds and their impact on the sustainable development of Croatia, Slovenia, Hungary, and Poland. The analysis aims to investigate the efficiency of the absorption of f...

Consumer behavior is unpredictable. The accelerated pace of life and daily changes in the desires and preferences of each individual require significant marketing efforts to fulfill needs. The impact of the COVID-19 pandemic has created significant disruptions in the market to which consumers have responded in a specific way. Our previous research...

The influence of numerous factors determines and changes the daily behavior of consumers. This paper aims to estimate and rank the weight of cultural, social, personal, and psychological factors that change the buying habits of individuals. The research was conducted on a sample of 559 respondents in the Republic of Croatia. Data from the survey we...

The chapter presents a new view of global changes. The new normal paradigm is based on economic premises but, essentially, constitutes a new scheme. It is a concept that necessarily requires transformations within the entire society. The focus, however, is on a new life and work pattern. Adaptation to changes will be realized quicker than expected....

The research paper comprehensively and consistently addresses all relevant theoretical areas related to the topic and includes an extensive empirical analysis of the absorption of EU funds and their impact on the sustainable development of Croatia, Slovenia, Hungary, and Poland. The analysis aims to investigate the efficiency of the absorption of f...

Banks face a number of business risks on a daily basis. Today, operational risk is dominant. The aim of this paper is to develop a decision-making system when choosing a method of operational risk management by using the Analytical Hierarchy Process (the AHP method) and the Fuzzy Analytic Hierarchy Process (the FAHP method). Analytical hierarchical...

Trade direction

Women status in Digital Economy

The influence of numerous factors determines and changes the daily behavior of consumers. This paper aims to estimate and rank the weight of cultural, social, personal, and psychological factors that change the buying habits of individuals. The research was conducted on a sample of 559 re-spondents. Data from the survey were used to create a hierar...

The frequency of application of different multi-criteria decision-making methods in business and financial problems is justified by the diversity and complexity of business decisions. The methods enable analysts and decision-makers to assess when making a decision. This research aims to present the contribution of multi-valued relationship methods...

The aim of this article is to analyse all elements of sustainable development, especially in the context of the new enlargement policy for the Balkan countries. Basically, the analysis is based on the concept from Agenda 2030. The second concept consists of two methodologies for EU accession, where the criteria are grouped through chapters (old met...

The modern era ushers in significant changes in the conventional method of achieving economic growth, bringing us to eco-efficiency in economic growth. Nowadays, eco-efficiency is becoming a measure of progress in green growth and an increasingly preferred way of using resources. Ecoefficiency has become a practical approach for businesses to contr...

2030. Уједињених нација, усвојене од свих држава чланица 2015. године. Фокус анализе у овом раду је на инди-каторима одрживог развоја у Србији у периоду 2010-2019. године. Циљ рада је да анализира индикаторе одрживог развоја на нивоу Србије, упореди их са индикаторима на нивоу ЕУ, и утврди најбољи приступ увођењу индика-тора у националне стратегије...

The role of small farms in agricultural production is particularly important for less developed economies, with a high share of agriculture in GDP and a lower level of national income. These economies have a high share of small-scale farms in the total number of registered farms, measured by the size of an agricultural holding. The paper thoroughly...

This paper will analyse the export of agricultural products of Serbia to the EU during the period from 2001 to 2017. A panel gravity model was used to assess the effects of trade flows. The main advantage of the gravity model is the application of basic indicators of the economy and the ability to evaluate panel series. The obtained results show th...

The paper focuses on the socio-economic factors of small farms in Serbia. Small farms occupy most of the farmland and, therefore, are very important to economic and agricultural development, although they achieve lower income and are not as productive as large farms. The authors conducted research and addressed the key related to the functioning of...

Traženje izlaza iz krize u kojoj se nalazi savremena svetska privreda od početka novog milenijuma nije uobičajeni predmet izučavanja šireg tima ekonomista. Kriza svojom kompleksnošću i obimom prevazilazi čak i široku lepezu ekonomista. Pred ispitom prilagođavanja privreda nije više samo ekonomski koncept prilagođavanja ili finansiranja krize, već p...

Decision making and management are synonyms. Banks are facing a number of business risks and operational risk is prevalent. Risk management is related to making decisions; therefore, it is important for the whole organization. The aim of this paper is to develop a decision-making system when choosing the method of operational risk management by usi...

FOREWORD The First International Scientific, “Covid-19 and Challenges of the Business World”, is held in organization Alfa BK University, Faculty of Finance, Banking and Audit in cooperation with Institute for Economy and Finance, on 25th of March 2021. Given the current epidemiological situation, the conference was being held in virtual, through...

Credit risk management is one of the most important banking operations, both in developed and developing countries. In addition to numerous methods and techniques, banks decide to conclude special credit agreements when granting loans to economic entities. The special provisions of such an agreement provide additional assurance to the lender that i...

Agriculture is a pillar of Serbia’s economic development. Consequently, this paper provides an overview and analysis of the status of farms in Serbia, with a special focus on finding factors influencing the sustainable development of small-scale family farms. To facilitate simpler and more precise problem-solving and decision-making processes for i...

This paper shows that weak legal and political institutions and high macroeconomic volatility shorten the maturity of cross-border bank lending. Although these results are confirmed in the previous literature, this paper uses a broader panel data set of 135 countries from 1983 to 2012. Data also suggest new finding that the maturity of internationa...

Distribution of agricultural products from the aspect of farms is a continuous issue. Efficient application of the distribution model should provide a farm owner with regular income, as well as with a competitive advantage. Assessment of distribution channels in the context of an agricultural producer is subject to multi-criteria decisions, includi...

Prilagođavanje europskim pravilima podrazumijeva preobrazbu gospodarstva i poduzeća, kako u djelatnosti proizvodnje tako i u izvozu roba. Regionalne integracije nameću promjene u strukturi proizvodnje. Izbor djelatnosti uspješno se ocjenjuje s pomoću Newtonova zakona gravitacije. U članku koriste se osnovni elementi gravitacijskog modela, BDP, broj...

Agriculture is an important economic sector in Serbia with the largest percentage of small and family farms; still, most of them lack the conditions necessary for business sustainability and their further development. In order to improve the business and survival of small farms in Serbia, the most important indicators of small farms need to be sele...

The application of Newton's law of gravity in explaining international trade proved to be very successful. The popularity of a gravity model for explaining trade flows has been due to the fact that the calculations require affordable data for every economy. The basic elements of the panel gravity model are mainly GDP, population and distance. This...

The paper presents the application of the gravity panel model in the assessment of Serbia's export potential in the EU during the period 2001-2017. The gravity model provided efficient estimates of the model parameters and proved to be an appropriate tool for estimating trade flows between the countries in the sample of 29 countries, ie the 28 EU m...

This paper analyses the determinants of economic growth in the post WWII to the pre-crisis period (1953-2007) using the dynamic generalized methods of moments (GMM) panel approach to determine effects of the real and the monetary determinants. Our results obtained from the panel of 61 countries suggest that economic growth varies between periods, a...

This paper follows the profitability of banks in the Serbian market, the countries in the region and the market of Russia. The emphasis is put on the economic and legal similarities and differences in the mentioned markets. The banking sector in Serbia is observed during the period from 2003 to 2015 years. On the basis of available data of the Nati...

This paper follows a well-known pass-through effect of the exchange rate at the general price level in the economy. Numerous econometric models show the existence of the influence of the exchange rate on inflation. The aim of the paper is to evaluate how strong this effect is and whether the influence of the exchange rate on inflation in Serbia aft...

This paper attempts to shed light on the determining factors of the non-performing loans (NPLs) in the Serbian banking sector. We examine non-performing loans level in the banking sector over the last decade, focusing on their effects, fully capturing the recent recession. The analysis presents empirical evidence of Serbian banking activities, usin...

The objective of this paper is to evaluate the effects of bilateral trade between Serbia and EU countries in the period 2001-2015 on the basis of a gravity model. So far in research papers the gravity model has been used for the evaluation of effects of trade among different countries. The gravity model, which combines the cross-section data and th...

The aim of this paper is to show the external sector of the Serbian economy, its features and peculiarities, as well as anomalies that afflicted it for years. In the analysis, data acquired from the Statistical Office of the Republic of Serbia will be used, as well as the official international methodology. The text will include the analysis of the...

The paper shows how different support programs intended for institutions and organizations contribute to regional development and cooperation between the countries of the Western Balkans, as well as to higher economic development and prosperity of the region. Unfavourable economic and financial situation in most of the countries needs to be managed...

This paper looks at the evolution of the unemployment problem in the Euro Area. Our goal is to look at what are the roots of the unemployment problem and to devise reasons of the already chronic unemployment problem. We show the main factors that prolong the agony of unemployment and whether it is likely that in the near future, the problem of unem...

Слом међународне трговине је једна од последица светске економске кризе из 2008. године. Пад трговине је био чак већи у поређењу са периодом Велике економске кризе, а, уз то, међународна трговина је забележила вишеструко већи пад од бруто домаћег производа света. Претходна веза потврђена је и у Србији, при чему је светска криза погодила домаћу прив...