Contents of No. 176
1. SCIENTIFIC PAPERS
1.1 Author: György Simon
JEL Classification: E10, E13, O40
Pages: 7-37
Basic Questions of Economic Growth Mechanism
DOI: 10.2298/EKA0876007S
1.2 Author: Itir Ozer, Ibrahim Ozkan
JEL Classification: F15, C82
Pages: 38-60
Practical Insights from Oca Variable Combinations
DOI: 10.2298/EKA0876038O
2. COMMUNICATIONS
2.1 Author: Vesna Popović, Branko Katić, Ružica Cvetković
JEL Classification: F13, N50
Pages: 61-87
Doha Round of WTO Negotiations and Trade Liberalisation in Serbian Agriculture
DOI: 10.2298/EKA0876061P
2.2 Author: Ana Savić
JEL Classification: G20, O30
Pages: 88-109
Managing It-Related Operational Risks
DOI: 10.2298/EKA0876088S
2.3 Author: Maja Andrijašević
JEL Classification: M41, D24, D61
Pages: 110-122
Total Quality Accounting
DOI: 10.2298/EKA0876110A
ABSTRACTS
SCIENTIFIC PAPERS
1.1 György Simon
Basic Questions of Economic Growth Mechanism
DOI: 10.2298/EKA0876007S
ABSTRACT: The author elaborated and, by a world economic investigation on 131 countries, verified a growth model considering both physical and human capital, as well as time, as the event space of creative economic activity. The main components of the model are the intensity functions using which one can map the three fundamental types of technical progress and thus economic growth and development from the initial state without physical capital to our days. The model is functioning well concerning both developed and developing countries, as demonstrated by the paper with the examples of the United States and India .
Key Words: economic theory, growth models, international analyses and comparisons
1.2 Itir Ozer, Ibrahim Ozkan
Practical Insights from Oca Variable Combinations
DOI: 10.2298/EKA0876038O
ABSTRACT: This study aims to identify optimum currency areas (OCA) variables that distinguish certain Economic and Monetary Union (EMU) member countries from the other EMU members. In the previous studies, EMU members were identified in the light of criteria suggested by the OCA theory. In this study, in order to obtain additional insights, we analysed OCA variables and the performance of European countries with respect to these variables. Our analysis shows that some of the EMU member countries are dissimilar to the rest of the EMU members with respect to certain OCA criteria.
Key words: optimum currency areas, fuzzy C-means clustering, EMU, Hodrick-Prescott filtering technique
COMMUNICATIONS
2.1 Vesna Popović, Branko Katić, Ružica Cvetković
Doha Round of WTO Negotiations and Trade Liberalisation in Serbian Agriculture
DOI: 10.2298/EKA0876061P
ABSTRACT: The accession of Serbia to the WTO is expected in 2008. In negotiations process, the most difficult is to reach agreement in agriculture. This sector is very sensitive in market access for biotechnological, economical and social reasons. The level of sensitivity varies between production branches. In the course of defining the schedules of market access commitments, it is crucial to keep in mind the need of reconciliation dynamics and level of market liberalisation with the obligations comprised in the EU Stabilization and Association Agreement. Export support policy also must conform to the Doha negotiations commitments.
Key Words: agriculture, WTO negotiations, trade liberalisation
2.2 Ana Savić
Managing It-Related Operational Risks
DOI: 10.2298/EKA0876088S
ABSTRACT: Not so long ago, information technology (IT) risk occupied a small corner of operational risk – the opportunity loss from a missed IT development deadline. Today, the success of an entire financial institution may lay on managing a broad landscape of IT risks. IT risk is a potential damage to an organisation’s value, resulting from inadequate managing of processes and technologies. IT risk includes the failure to respond to security and privacy requirements, as well as many other issues such as: human error, internal fraud through software manipulation, external fraud by intruders, obsolesce in applications and machines, reliability issues or mismanagement. The World Economic Forum provides best information about this problem. They rank a breakdown of critical information infrastructure among the most likely core global risks, with 10-20 % likelihood over the next 10 years and potential worldwide impact of $250 billion. Sustained investment in IT – almost $1.2 trillion or 29% of 2006 private-sector capital investment in the U.S. alone fuels growing exposure to IT risk. Greg Hughes, chief strategy officer in Symantec Corp. recently claimed “IT risk management is more than using technology to solve security problems. With proper planning and broad support, it can give an organization the confidence to innovate, using IT to outdistance competitors”.
Key Words: information technology risk, operational risk, security, system reliability
2.3 Maja Andrijašević
Total Quality Accounting
DOI: 10.2298/EKA0876110A
ABSTRACT: The focus of competitive “battle” shifted from the price towards non-price instruments, above all, towards quality that became the key variable for profitability increase and achievement of better comparative position of a company. Under such conditions, management of a company, which, according to the established and certified system of total quality, strives towards achieving of a better market position, faces the problem of quality cost measurement and determination. Management, above all, cost accounting can help in solving of this problem, but the question is how much of its potential is being used for that purpose.
Key Words : quality, costs, accounting