<abstract xmlns="http://www.w3.org/1999/xhtml"> Private enterprises should be concerned with maximizing productivity. Government should be concerned with minimizing risk, perhaps subject to a cost or productivity constraint. Value creation in government ought to strive for consistency, coherency, and transparency. Achieving consistency and coherence in the face of systemic and idiosyncratic risk calls the elaboration of general risk assessment model, which takes account of the various kinds of risk confronted by the diversity of government institutions. Lacking such a model, the best we can hope for is the design and execution of policies and practices that assure reasonably satisfactory outcomes no matter what the future throws at us.</abstract>

How Government Creates Value?

<abstract xmlns="http://www.w3.org/1999/xhtml"> One of the main objectives pursued in agriculture as the primary sector in the economy is to increase the labour productivity. In order for this objective to be achieved, it is necessary to increase agricultural production, while at the same time preserve natural resources and the environment. If the creators of development policies are to formulate effective policies and strategies, adequate information relating to all vital determinants of productivity of agriculture is required. Therefore, the Statistical Office of the Republic of Serbia annually prepares and publishes, among others, information on the value of agricultural production and the number of employees in agriculture. The aim of this paper is to examine the changes in the level of productivity of agriculture in the Republic of Serbia in the period from 2007 to 2013. It also analyses the impact of labour productivity in agriculture in the share of GDP that is realized in this sector of the national economy. Agricultural population, as one of the factors that affect productivity in agriculture is analysed in terms of education and employment. The aim is to quantify the level of productivity in agriculture, as well as to examine the interdependence between labour productivity and GDP in agriculture, in order to point to the critical determinants of productivity that require improvement. The methods used in this paper are: analysis method, synthesis method, comparison method, descriptive statistics, correlation and regression analysis. Research results show that Serbia has achieved an unenviable level of labour productivity in agriculture within the analysed period of time. Research in this study is useful for the creators and holders of the development policy for the future guidance of development policies and strategies of the agricultural sector in Serbia.</abstract>

University of Niš, Faculty of Mathematics and Science, Serbia

University of Niš, Faculty of Economics, Niš, Serbia

An Analysis of the Labour Productivity of the Agricultural Sector in the Republic of Serbia

<abstract xmlns="http://www.w3.org/1999/xhtml"> The aim of this paper is to highlight the fact that there is a significant relationship between design quality and process quality, and then the quality of the finished products (internal quality) and the later use of the products by the consumers (external quality). The paper outlines the model of the synergy between design management and process management. Since design quality is the first link in this chain of creating quality, it is necessary to adequately carry out the design process, or provide high-quality design. High-quality design includes connectivity and collaboration between functions that can contribute to the design process, such as: research and development, production, marketing and supply. In order to achieve this, it is important to continuously work on education and training of employees. In addition, it is necessary to apply the tools characteristic for providing quality design, but also the common tools important for quality management. Accordingly, the subject of the paper is examining the impact of employee training, the implementation of quality management tools and application tools for quality design as a factor in establishing links between business functions that should be included in the design process. Based on the application of tools such as regression analysis, cluster analysis and correlation analysis, the results of empirical research suggest that these factors affect the establishment of links between the observed business functions, and facilitate providing the quality of the design process.</abstract>

An Analysis of Factors and Effects of Product Design Quality

<abstract xmlns="http://www.w3.org/1999/xhtml"> The aim of this paper is to examine the importance of different aspects of business success for different age and educational groups of female entrepreneurs in the Republic of Serbia. An empirical study was conducted on a sample of 40 female entrepreneurs from several urban areas in the Republic of Serbia. The data are analysed by conducting the Principal Component Analysis (PCA) and one-way Multivariate Analysis of Variances (MANOVA). Results show that all different aspects of business success that were examined can be grouped around two main dimensions - qualitative and quantitative one. Although certain differences in the importance of these dimensions between female entrepreneurs of different age and education were found, they were not statistically important. However, this research can be seen as a pilot study, so further research, which would possibly presuppose a realization of a larger sample, can be carried out starting from the defined conceptual and methodological framework.</abstract>

The Differences in the Importance of Certain Aspects of Business Success for Female Entrepreneurs of Different Age and Education

<abstract xmlns="http://www.w3.org/1999/xhtml"> The aim of the paper is to analyze the recent dramatic increase in housing prices in Kragujevac, related to the opening of a multinational company facility. The main question is whether increasing house prices have been driven by market fundamentals or by speculative behaviour of the market players. We have decomposed variables influencing house prices in Kragujevac into supply and demand driven fundamentals to explore speculative ‘bubbles’ and detected the evidence of irrationally exuberant investors (constructors and buyers). The findings show a lack of rational behaviour among market players, absence of fundamentaldriven influence on real estate prices and expectancy-driven prices. The main characteristic is a strong relationship between price and rental price with no significant change in price-rent ratio.</abstract>

Faculty of Economics, University of Kragujevac, Serbia

PhD Candidate, Faculty of Economics, University of Kragujevac, Serbia

Can a Multinational Company Create a Real Estate “Bubble” at the Local Level? The Case of Fiat and City of Kragujevac

<abstract xmlns="http://www.w3.org/1999/xhtml"> Cluster analysis of audit firms in Serbia was carried out in order to assess the similarities and differences between audit firms. This analysis shows that “Big four” audit firms are significantly different from other audit firms by market position and human potential, but not according to net income. In addition, it can be noted that there are significant differences in observed performance indicators between individual audit firms.</abstract>

University of Novi Sad, Faculty of Economics in Subotica, Serbia

University of Nis, Faculty of Economics, Serbia

Similarities and Differences in Operating the Performance of Audit Firms in Serbia

<abstract xmlns="http://www.w3.org/1999/xhtml"> SCI-E and SSCI are one of the main citation databases (CDB) in the world in the field of natural and applied (SCI-E) and social (SSCI) scientific disciplines. In 2014, within the SCIE all scientific fields of natural and applied science disciplines are classified into 176 categories, and within SSCI all scientific fields of social science disciplines are classified into 56 categories. Scientific journals in the field of “Economic Sciences” are sorted within the SSCI in 8 (eight) categories, plus one category within the SCI-E. The aim of the paper is to show the state and analysis of scientific journals indexed in SSCI and SCI-E citation databases (CDB) for 9 (nine) listed categories in the field of “Economic Sciences” for the period 1995-2014. The number of different scientific journals for 9 (nine) listed categories in the field of “Economic Sciences” for a period of 1997-2014, increased for 455 journals (from 415 journals in 1995 to 860 journals in 2014) with cumulative growth index (CGI) of 207,23% compared to 1997. Best ranked category among the nine listed categories in the field of “Economic Sciences” was the category “Economics” (Econ), which according to the number of journals for the entire period 1995-2014 was always ranked first (top-one) within SSCI. The largest increase in the number of scientific journals for the period 1995-2014 for all nine listed categories in the field of “Economic Sciences” had the category “Management” (Manag).</abstract>

State and Analysis of Scientific Journals in the Field of “Economic Sciences” for the Period 1995-2014

AHEAD OF PRINT

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Economic Themes

 The Faculty of Economics in Niš publishes the journal Economic Themes within the Center for Publishing. According to the categorization of the Ministry of Education and Science of the Republic of Serbia the journal is classified as the leading journal of national importance (M51) and is issued quarterly (in Serbian and English). In the upcoming period we wish to implement two important aims: first, to continually enhance the quality of the journal in compliance with generally accepted standards and second, to improve the ranking of the journal in the following years. All articles sent for publishing are anonymously reviewed.  Rejection Rate   App. 28%  Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 