IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0765.html
   My bibliography  Save this article

Brownfield Sites and Attracting Foreign Brownfield Investments: The Case of Serbia. - Le aree industriali dismesse e attrattività per gli investimenti esteri: il caso della Serbia

Author

Listed:
  • Kurtovic, Safet

    (Dzemal Bijedic University Of Mostar)

  • Talovic, Sead

    (Ministry of Foreign Trade and Economic Relations)

  • Omerika, Haris

    (Dzemal Bijedic University Of Mostar)

Abstract

The main objective of this paper is to study the impact of brownfield sites in the area of attracting foreign brownfield investments (FBI) in Serbia. The paper analyzes cross-section data in the time period from 2005 to 2013. It applies multiple regression technique and measures the impact of macroeconomic and transition variables on attracting foreign investments in brownfield sites in Serbia. The research has shown that macroeconomic indicators such as unemployment rate, average annual wages, gross domestic product, consumer price and exchange rate are statistically significant, while real GDP growth, subsidies and other transfers are statistically insignificant. In terms of transition factors we have found price liberalization, large scale privatization, small scale privatization, rail lines (total route-km) to be statistically significant, while roads (total network-km), governance and enterprise restructuring are statistically insignificant. - Scopo di questo studio è quello di esaminare la capacità delle aree industriali dismesse in Serbia di attrarre investimenti esteri. Si analizzano dati cross-section nel periodo 2005-2013. Si applica una tecnica di regressione multipla e si misura l’impatto delle variabili macroeconomiche e di transizione sulla capacità di attrarre investimenti esteri nei siti industriali dismessi serbi. La ricerca ha mostrato che gli indicatori macroeconomici quali il tasso di disoccupazione, i salari medi annuali, il PIL, i prezzi al consumo e i tassi di cambio sono statisticamente significativi, mentre la crescita del PIL reale, i sussidi ed altri trasferimenti sono statisticamente non significativi. Quanto ai fattori transitori, sono risultati statisticamente significativi la liberalizzazione dei prezzi, le privatizzazioni su larga e su piccola scala, i collegamenti ferroviari (totale tratte per km), mentre non sono risultati statisticamente significativi i collegamenti stradali (totale della rete per km), le caratteristiche della governance e le ristrutturazioni d’impresa.

Suggested Citation

  • Kurtovic, Safet & Talovic, Sead & Omerika, Haris, 2015. "Brownfield Sites and Attracting Foreign Brownfield Investments: The Case of Serbia. - Le aree industriali dismesse e attrattività per gli investimenti esteri: il caso della Serbia," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 68(4), pages 493-519.
    • Handle: RePEc:ris:ecoint:0765
    as

    Download full text from publisher

    File URL: http://www.iei1946.it/RePEc/ccg/KURTOVIC%20ET%20AL%20493_519.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Petr Klusáček & Tomáš Krejčí & Stanislav Martinát & Josef Kunc & Robert Osman & Bohumil Frantál, 2013. "Regeneration of agricultural brownfields in the Czech Republic - Case study of the South Moravian Region," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(2), pages 549-561.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Josef Navrátil & Stanislav Martinát & Tomáš Krejčí & Petr Klusáček & Richard J. Hewitt, 2021. "Conversion of Post-Socialist Agricultural Premises as a Chance for Renewable Energy Production. Photovoltaics or Biogas Plants?," Energies, MDPI, vol. 14(21), pages 1-21, November.
    2. Tomáš Krejčí & Josef Navrátil & Stanislav Martinát & Ryan J. Frazier & Petr Klusáček & Kamil Pícha & Jaroslav Škrabal & Robert Osman, 2021. "Spatial Unevenness of Formation, Remediation and Persistence of Post-Agricultural Brownfields," Land, MDPI, vol. 10(3), pages 1-18, March.
    3. Klusáček, Petr & Alexandrescu, Filip & Osman, Robert & Malý, Jiří & Kunc, Josef & Dvořák, Petr & Frantál, Bohumil & Havlíček, Marek & Krejčí, Tomáš & Martinát, Stanislav & Skokanová, Hana & Trojan, Ja, 2018. "Good governance as a strategic choice in brownfield regeneration: Regional dynamics from the Czech Republic," Land Use Policy, Elsevier, vol. 73(C), pages 29-39.
    4. Josef Navrátil & Tomáš Krejčí & Stanislav Martinát & Kamil Pícha & Petr Klusáček & Jaroslav Škrabal & Robert Osman, 2020. "Abandonment or Regeneration and Re-Use? Factors Affecting the Usage of Farm Premises in Different Social Spaces of the Rural," Sustainability, MDPI, vol. 12(21), pages 1-17, November.
    5. Petr Klusáček & Klára Charvátová & Josef Navrátil & Tomáš Krejčí & Stanislav Martinát, 2021. "Regeneration of Post-Agricultural Brownfield for Social Care Needs in Rural Community: Is There Any Transferable Experience?," IJERPH, MDPI, vol. 19(1), pages 1-18, December.

    More about this item

    Keywords

    Brownfield; Investments; Transition; Privatization; Liberalization; Subsidies;
    All these keywords.

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F15 - International Economics - - Trade - - - Economic Integration

    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:ris:ecoint:0765. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc 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 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: Angela Procopio (email available below). General contact details of provider: https://edirc.repec.org/data/cacogit.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.