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Female Employment in Formal and Informal Sectors of the Serbian Economy

Author

Listed:
  • Mirjana Radovic Markovic

    () (Institute of Economic Sciences, Belgrade, Serbia)

  • Isidora Beraha

    () (Institute of Economic Sciences, Belgrade, Serbia)

  • Ana Jasko

Abstract

With the economic crisis acknowledged in 2008, unemployment strongly increased – mostly due to the fall in the industrial sector – which indicates the possible emergence of a new poor and extremely poor population, alongside the decrease of trade deficit and foreign direct investment. Serbia has a large informal sector estimated at 35 per cent of GDP in 2007, fuelled by a weak regulatory framework, inappropriate tax and expenditure policies, and weaknesses in law enforcement, including the fight against corruption. It remains an important challenge as it reduces the efficiency of economic policies. The government should now focus on the following three issues to attract entrepreneurs in the formal sector: (i) contract enforcement (especially the functioning of the courts); (ii) access to finance (particularly bank credits); and (iii) clear title to land real property.

Suggested Citation

  • Mirjana Radovic Markovic & Isidora Beraha & Ana Jasko, 2010. "Female Employment in Formal and Informal Sectors of the Serbian Economy," Journal of Women's Entrepreneurship and Education, Institute of Economic Sciences, issue 3-4, pages 18-27.
  • Handle: RePEc:ibg:jwejou:y:2010:i:3-4:p:18-27
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    File URL: http://www.ien.bg.ac.rs/index.php/en/3-42010
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    More about this item

    Keywords

    Women; employment; unemployment; informal economy; entrepreneurship; employment policy; Serbia;

    JEL classification:

    • B54 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Feminist Economics
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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