IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Dynamic Entrepreneurship – The Engine Of Economic Growth And Development In Serbia

Listed author(s):
  • Edvard Jakopin

    (Ministry of Regional Development and Local Self-Government, Belgrade)

Registered author(s):

    In Serbia, there are around 3% of fast-growing enterprises that boast a growth potential. The results of research into dynamic entrepreneurship in Serbia have promoted a new methodological approach that has confrmed the well-known Birch's rule that at least 85% of economic growth and creation of new jobs in any economy is generated by, at most, 5% of enterprises. Given that in Serbia less than 3% of enterprises generate economic growth, fast-growing enterprises and gazelles present an economic buffer from economic recession. Major research fndings are as follows: 2,583 fast-growing enterprises accounted for 90% of the growth of gross value added of Serbia in the period 2006-2010, 114% of the growth of business revenues (they covered 14% of the loss generated by the rest of the economy!); they also contributed to the growth of overall income and the creation of 33,000 new jobs. The rate of growth of value added of 500 dynamic enterprises in manufacturing industry was 100% in 5 years! Employment in 300 Serbian gazelles (most dynamic enterprises) doubled! Economic recommendations presented in the paper follow two directions: frstly, given that the SME sector is particularly hardly hit by the economic crisis, it is vital to create additional stimulating mechanisms for entrepreneurs so that production could be triggered and employment decline prevented. Secondly, it is necessary to defne a set of measures in order to create conditions conducive to a faster growth of dynamic entrepreneurship in Serbia. Key words: dynamic entrepreneurship, economic growth, compe­titiveness of the SME sector, business environment, risks

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by SAE - Serbian Association of Economists in its journal SAE Journal.

    Volume (Year): (2013)
    Issue (Month): 1-2 (February)
    Pages: 97-113

    in new window

    Handle: RePEc:srb:journl:y:2013:i:1-2:p:97-113
    Contact details of provider: Postal:
    Bulevar Mihajla Pupina 147, Dobrinjska 11, Belgrade, Serbia

    Phone: +381 11 3613-409; +381 11 2644-980
    Fax: +381 11 3629-689
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:srb:journl:y:2013:i:1-2:p:97-113. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Milos Stamatovic)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.