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Dynamics Of Labour Costs Of Serbian Dairy Processing Industry

Author

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  • Muminović, Saša
  • Pavlović, Vladan
  • Milačić, Ljubiša

Abstract

Previous research has shown that the dairy industry in Serbia is more profitable than the market average measured by indices of the Belgrade Stock Exchange BELEX15 and BELEXLINE. The labour costs are, after raw milk costs, the second most important group of costs in dairy processing industry. The aim of this paper is to identify changes and adaptations of modern industry market conditions through analysis of labour cost of dairy processing industry in Serbia, by analysis of the trends in the number of employees, average labour cost, and productivity and cost efficiency and through the prism of these changes. In this paper, on qualified sample is proved that there is a strong positive correlation between firm size and productivity and a weaker one between firm size and labour costs. On the other hand, contrary to previous research, relation between the size of companies in the sample and the economic efficiency of labour costs was not confirmed.

Suggested Citation

  • Muminović, Saša & Pavlović, Vladan & Milačić, Ljubiša, 2013. "Dynamics Of Labour Costs Of Serbian Dairy Processing Industry," 50th Anniversary Seminar, Agriculture and Rural Development -Challenges of Transition and Integration Processes, September 27, 2013 161802, University of Belgrade, Department of Agricultural Economics, Faculty of Agriculture.
    • Handle: RePEc:ags:ubgc50:161802
    DOI: 10.22004/ag.econ.161802
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    Keywords

    Labor and Human Capital; Livestock Production/Industries;

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