safet kurtovic - Academia.edu (original) (raw)

Papers by safet kurtovic

Post-communist Economies, May 23, 2023

International Journal of Emerging Markets, Mar 31, 2023

PurposePrevious studies have mostly estimated there to be a symmetric effect in the Foreign direc... more PurposePrevious studies have mostly estimated there to be a symmetric effect in the Foreign direct investment (FDI) inflow regarding the economic growth of Central, East and Southeast European (CESEE) countries. However, for the CESEE countries, as well as for the majority of countries around the world, there has been no study that has estimated the symmetric and asymmetric effect of outward FDI on economic growth. The main objective of this study is to estimate whether the relation between outward FDI and economic growth in CESEE countries is symmetric or asymmetric.Design/methodology/approachThis study includes a sample based on eight CESEE countries. The authors used the linear and non-linear autoregressive distributed lag (ARDL) model and annual data for the period from 1990 to 2020.FindingsIn the long run, in the linear ARDL model, a significant symmetrical effect due to OFDI on the economic growth of Romania and Slovenia was found, while in the non-linear ARDL model, a significant asymmetric effect of OFDI on the economic growth of Bulgaria, Poland, Romania, Russia, Slovenia and Slovakia was found. In six out of the eight countries, asymmetry was found while symmetry was found in the other two. Poorer symmetry results can be ascribed to the lack of linear model neglecting the asymmetric behaviour of the positive and negative change decomposition as part of the OFDI movement, which leads to the wrong conclusion.Originality/valueThis is the first study to evaluate the asymmetric effect of outward FDI on the economic growth of eight CESEE countries.

Comparative Economic Research, Dec 30, 2017

Review of Economic Perspectives, Jun 1, 2017

Ekonomika preduzeća, 2016

Journal of the Knowledge Economy, Nov 26, 2023

Global Economic Review, 2010

ABSTRACT This article aims at analysing the role of foreign direct investment (FDI) outflows in e... more ABSTRACT This article aims at analysing the role of foreign direct investment (FDI) outflows in economic performance and the impact of economic growth on outward FDI with the data from Japan. Bivariate and multivariate Granger causality frameworks have been used in this study. The results suggest that the conclusion of bivariate framework may not be valid because it allows omission of important variables. The results of the multivariate framework show that there is a long-run positive unidirectional causality from outward FDI to gross domestic product (GDP) per capita. In the short-run, both per capita income and outward FDI do not allow Granger causality.

This paper's main objective is to research the effect of liberalization of trade with the Eur... more This paper's main objective is to research the effect of liberalization of trade with the European Union and its impact on the reduction in trade balance deficit of Central European Free Trade Agreement (CEFTA) 2006. It utilizes panel data (PD) time-series in the interval from 2007 to 2013. It applies economical gravity model and econometric dynamic PD techniques: PD models, fixed effects models and random effects models (RE). It has been concluded that trade liberalization positively impacts the reduction in trade balance deficit of CEFTA 2006 countries, i.e. that export and import between the exporting country i and the importing country j within time period t, gross domestic product (GDP) of the country j, GDP per capita of the country j within time period t, distance between the country i and country j, dummy variables (free trade agreements and sharing a common border) are statistically significant. Additionally, it has been determined that FE is more favorable than RE when...

Facta Universitatis. Series: Economics and Organization, 2012

Ekonomika, 2000

Razvoj međunarodnog tržista je dovelo do takve međuzavisnosti i povezanosti koje do sada nisu poz... more Razvoj međunarodnog tržista je dovelo do takve međuzavisnosti i povezanosti koje do sada nisu poznate niti anticipirane. Na međunarodnom tržistu prisutan je sve veci broj privrednih subjekata, odnosno organizacija koje se odlikuju određenim specificnostima i posebnostima, koje su proizvod nacionalne kulture. Uspesno poslovanje globalnih organizacija zahteva poznavanje nacionalnih, odnosno organizacionih kultura. Globalne organizacije, moraju na svom putu internacionalizacije posvetiti narocitu pažnju organizacionoj kulturi kao najvažnijoj instanci. U suprotnom ako se zanemare kulturne vrednosti i norme pojedinih nacionalnih kultura, uspesnost poslovanja i dobri rezultati ce izostati. Globalne organizacije danas u svetu imaju veoma razvijenu mrežu svojih filijala, i preko kojih dolaze u kontakt sa raznim nacionalnim kulturama. Zato globalne organizacije sve veci znacaj pridaju organizacionoj kulturi u svom poslovanju, jer samo dobro poznavanje kulturnih vrednosti onih zemalja gde se poslovanje obavlja , može biti garant uspesnosti. U protivnom zanemarivanjem ovog bitnog elementa može imati nepoželjan efekat na organizaciju.

Facta Universitatis. Series: Economics and Organization, 2013

Privatization processes, which marked the last quarter of the last century, are an effective meth... more Privatization processes, which marked the last quarter of the last century, are an effective method of improving the performance of state business enterprises and they were driven by government decisions in the developed and developing countries. With privatization processes, governments generally seek to achieve the same goals: 1) increase government revenues, 2) reduce government interference in economic trends, 3) strengthen economic efficiency, 4) increase competition, and 5) ensure the development of domestic capital markets. Numerous studies have confirmed that after privatization has been carried out, increased production, improved efficiency, increased investment in capital and dividend payments are recorded. The roots of corporate governance in developing countries and transition economies lie in the initiatives for privatization that have strengthened since the end of the seventies and eighties of the twentieth century. A healthy corporate structure is a fundamental prereq...

Comparative Economic Research, 2017

This paper aims to examine the effect of reducing the import tariffs of trading partners on total... more This paper aims to examine the effect of reducing the import tariffs of trading partners on total and individual exports of products from three countries of the Western Balkans and individually observed for each country. In order to investigate the potential effect, this paper applied the gravity equation and the GMM model system dynamic data estimation. The research is based on aggregate and non‑aggregate approach. Within the aggregate approach for the three countries of the Western Balkans, the reduction of import simple average tariff rate (SAT) and weighted average tariff (WAT) rate have a positive effect on the growth of total and individual exports of products. Within the non‑aggregate approach for each country individually, the reduction in imports of SAT and WAT rates also have a positive effect on the growth of total and individual exports of products from Albania and Serbia, while this effect is weak for FYR Macedonia.

Journal Human Research in Rehabilitation, 2017

The discourse of globalization and its effects have been the most current topic in the field of e... more The discourse of globalization and its effects have been the most current topic in the field of economics in recent times. However, empirical research on the impact of globalization on companies, especially in transition countries, is very scarce. This paper focuses on the study of the impact of globalization on the performance of companies in Bosnia and Herzegovina by analyzing their interrelationships. The findings, in the case of companies in Bosnia and Herzegovina, have confirmed earlier findings about the double impact of globalization by showing, on the one hand, its positive effects and, on the other hand, the negative effects on the performance of the companies. Additionally, the research results have shown that negative effects are felt more strongly in the case of small and medium-sized companies than in the case of large companies.

Ekonomski pogledi, 2015

Сажетак: Johansen Fisherov панел тест је потврдио утицај СДИ на смањење незапослености на дуги ро... more Сажетак: Johansen Fisherov панел тест је потврдио утицај СДИ на смањење незапослености на дуги рок изузев у Србији и Албанији где није постигнуто смањење незапослености од свих економија западног Балкана. Панел регресиона анализа коришћена у раду првествено кроз панел најмањих квадрата и унит роот тестове имала је за циљ да објасни утицај појединих варијабли на прилив СДИ у Србији и земљама Западног Балкана. Кроз истраживање утврдили смо да само БДП по глави становника и учешће трговине у БДП имају доминантан утицај на прилив СДИ, док стопа раста БДП и инфлације имају врло мали утицај на већи прилив СДИ. Монетарне варијабле као што су инфлација али и девизни курс су имале незнатан утицај на прилив СДИ у земљама западног Балкана.

Naše gospodarstvo/Our economy, 2018

The main goal of this paper is to examine the influence of macro factors and the degree of the ex... more The main goal of this paper is to examine the influence of macro factors and the degree of the exchange rate pass-through (ERPT) on aggregate and disaggregate import prices of the industrial sectors in the short- and long-run. The study is based on a model used by Campa and Goldberg (2002) and Campa et al. (2005). The ERPT is determined by applying the single equation and the cointegration approach (autoregressive distributed lag model [ARDL]), vector decomposition, and data over the period from 2002Q1 to 2016Q4. In the long-run, the ERPT is complete for the aggregate import and for the industrial sector beverages and tobacco. In the short-run, the ERPT is incomplete for the aggregate import and for majority of industrial sectors. Further, we have discovered that the degree of the ERPT is higher with heterogeneous products than with homogeneous products. Due to the inaccessibility of data for micro factors, we were not able to determine their effect on import prices. The results of ...

Dancing Times, this was a pioneer work discussing not only the origins and development of many so... more Dancing Times, this was a pioneer work discussing not only the origins and development of many social dance forms from early times, but also relating these forms to their environment. As well as its role in social history, the book analyses the role of dance as a prime creative power in Renaissance spectacles which depicted and celebrated diplomatic, military and regal occasions. After a wide-ranging introductory chapter on the origins of dancing, the book takes the reader through the centuries, discussing in turn the Basse Danse and the Moresco of the Middle Ages the Pavane, Galliard and Courante of the 16th Century, the Minuet of the 17th & 18th, the Allemande, the Waltz and the Polka as well as Jazz, the Cha Cha Cha, the Jive and Twist.