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Small and Medium-Sized Enterprises as a Factor of Serbian Economy

Author

Listed:
  • Dragan Ivkovic

    (Faculty of Business Economics and Entrepreneurship)

  • Marija Cukanovic Karavidic

    (Faculty of Business Economics and Entrepreneurship)

  • Sladjana Vujicic

    (Faculty of Business Economics and Entrepreneurship)

Abstract

In contemporary conditions of economy, small and medium enterprises are one of the key development factors of economy of every country. These companies make 99% of the total number of registered companies in most countries. In addition to the impact that these companies have on strengthening of employment, they also affect improvement of the economic situation of a country as well as the development of competition. In Republic of Serbia, small and medium- sized enterprises are the most profitable segment of economy. This sector realizes about 46% of exports and 60% of imports and employs over 67% of total number of employees. Also, balanced regional development of Serbia largely depends on the success of small and medium-sized enterprises and their equitable distribution.

Suggested Citation

  • Dragan Ivkovic & Marija Cukanovic Karavidic & Sladjana Vujicic, 2012. "Small and Medium-Sized Enterprises as a Factor of Serbian Economy," Economic Analysis, Institute of Economic Sciences, vol. 45(3-4), pages 31-45.
    • Handle: RePEc:ibg:eajour:v:45:y:2012:i:3-4:p:31-45
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    File URL: http://www.ien.bg.ac.rs/index.php/en/2012/2012-3-4
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    Cited by:

    1. Aleksandar M. Damnjanovic & Vladimir Dimitrijevic & Sandra Nesic & Miroslav Miskic & Gordana Mrdak & Sinisa M. Arsic, 2023. "Risk Influence of Employee Productivity on Business Failure: Evidence Found in Serbian SMEs," Sustainability, MDPI, vol. 15(6), pages 1-17, March.

    More about this item

    Keywords

    Small and medium-sized enterprises; development; economic crisis; business operations;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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