IDEAS home Printed from https://ideas.repec.org/a/cbk/journl/v5y2016i3p139-164.html
   My bibliography  Save this article

Investment in Research and Development - A Factor of Adjustment of Montenegro to the EU Economy

Author

Listed:
  • Marko Tomljanović

    (University of Rijeka, Faculty of Economics Rijeka, Rijeka, Croatia)

  • Zoran Grubišić

    (Belgrade banking academy, Belgrade, Serbia)

Abstract

Montenegro and other Western Balkan countries are characterized by historical mortgages, political instability, commenced but uncompleted structural reforms and unfavourable economic situation, which all contributed to their lagging behind other EU member states. In addition to this, these countries have been faced with a low level of investment in research and development, unfavourable educational structure, low level of innovation and a lack of awareness about the importance of research and development in modern economies. The economic and political situation led to their determination to become a full EU member, which requires the fulfilment of specified criteria, implementation of structural reforms and “catching up” with other EU member states. Investment into research and development are found to be the key factor for fulfilling their objective – EU membership.

Suggested Citation

  • Marko Tomljanović & Zoran Grubišić, 2016. "Investment in Research and Development - A Factor of Adjustment of Montenegro to the EU Economy," Journal of Central Banking Theory and Practice, Central bank of Montenegro, vol. 5(3), pages 139-164.
    • Handle: RePEc:cbk:journl:v:5:y:2016:i:3:p:139-164
    as

    Download full text from publisher

    File URL: http://www.cbcg.me/repec/cbk/journl/vol5no3-8.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    economic growth; EU; expenditure; Montenegro; research and development.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbk:journl:v:5:y:2016:i:3:p:139-164. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/cbmgvme.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.