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Analysis Of Key Indicators Of The Montenegrin Economy During The Covid-19 Crisis

In: Shaping Post-COVID World – Challenges for Economic Theory and Policy

Author

Listed:
  • Milivoje Radović
  • Nemanja Popović
  • Jovan Đurašković
  • Milena Konatar
  • Marina Božović

Abstract

The paper conducts a study of trends in macroeconomic indicators in Montenegro, as well as an analysis of structural problems of the Montenegrin economy. Among other things, GDP and GDP growth rates, inflation, public debt, as well as balance of current account were analyzed. The analysis of the structure of the Montenegrin economy tries to reach clear conclusions, the goal is to determine which are the economic segments that require the biggest reforms, and which hindered the faster growth of the Montenegrin economy in the past period. In addition to macroeconomic indicators, and in order to provide a more comprehensive overview of the situation in the country and the position of the average resident, the paper conducted an analysis of the performance of the Montenegrin economy in terms of living standards and labor market conditions. In the last section of the paper, a review is given of demographic trends in Montenegro, which are becoming a serious problem and lead to a lack of key resource in the country, that is human capital.

Suggested Citation

  • Milivoje Radović & Nemanja Popović & Jovan Đurašković & Milena Konatar & Marina Božović, 2023. "Analysis Of Key Indicators Of The Montenegrin Economy During The Covid-19 Crisis," Shaping Post-COVID World – Challenges for Economic Theory and Policy, in: Aleksandra Praščević & Miomir Jakšić & Mihail Arandarenko & Dejan Trifunović & Milutin Ješić (ed.),Shaping Post-COVID World – Challenges for Economic Theory and Policy, chapter 7, pages 135-156, Faculty of Economics and Business, University of Belgrade.
    • Handle: RePEc:beo:swcetp:2307
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    References listed on IDEAS

    as
    1. Ligang Song & Yixiao Zhou, 2020. "The COVID‐19 Pandemic and Its Impact on the Global Economy: What Does It Take to Turn Crisis into Opportunity?," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(4), pages 1-25, July.
    2. Gordana Djurovic & Vasilije Djurovic & Martin M. Bojaj, 2020. "The macroeconomic effects of COVID-19 in Montenegro: a Bayesian VARX approach," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 6(1), pages 1-16, December.
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    More about this item

    Keywords

    STANDARD OF LIVING; MACROECONOMIC INDICATORS; LABOR MARKET; HUMAN CAPITAL;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts

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