<abstract xmlns="http://www.w3.org/1999/xhtml">Along with joining the EU and with the desire to be compatible with the European labor market, flexicurity begins to penetrate gradually the Romanian labor market, becoming a topical concept, an economic and social recovery tool. In the simplest possible way, flexicurity can be defined as the compromise between flexibility and work safety. The flexicurity principle was born as a solution to the European dilemma: how to increase the competitiveness of European enterprises in global competition without sacrificing the European social model.Although a gradual passage is attempted, the tradition of a profession inherited from one generation to another or a stable job still exists in the human resource mentality, but it no longer exists in the present society. The concept of flexicurity is relatively new, introduced in Europe in 2006, when the principles of flexicurity were developed, but they were implemented according to the economic specificity of each EU member state.The purpose of this paper is to analyze the effects that EU accession has had on the Romanian labor market and the subsequent steps to harmonize Romania with the European Union requirements from the point of view of human resources management, flexicurity at the labor market.In Romania, the flexicurity balance is balanced, in the sense that the trade unions support a broader level of security, and the employers tend to a greater degree of flexibility.In conclusion, the Romanian labor market to develop a high degree of flexicurity must aim at increasing employment and reducing long-term unemployment, promoting workplace security and reducing the rigidity of labor law, especially in case of voluntary dissolution of firms, or of collective redundancies. In addition, the flexibility of collective and individual work contracts is also sought.</abstract>

National University of Political Studies and Public Administration

Impact of Flexicurity Policies on the Romanian Labor Market

<abstract xmlns="http://www.w3.org/1999/xhtml">The manner how to increase the revenues in tourism, is the question that can be answerd on different ways. One of the ways that may contribute that is the interaction and conditionality of hotel business and maritime tourism. Destination and the region development are the main facts, so when the guest come by yacht or by ship, usualy the first impression are the port facilities and a nearby of the hotel, as the recepting factor of the offer. It is very important and useful in development of maritime tourism. All the expences can be improved, when the offer is wide and guests can spend a lot of money. The service in the hotel should be quite well and also the quality of the food and other facilities. Montenegro facilities are very wide and this region is very famous in maritime tourism at recent years. The connection betwen hotel business and maritime tourism can improve increasing revenues in tourism of this region.</abstract>

Interaction and Conditionality of Hotel Business and Maritime Tourism, as a Significant Factor in Increasing Revenues in Tourism

<abstract xmlns="http://www.w3.org/1999/xhtml">Purpose – The situation in the field of gambling is changing due to the rise of Internet and Mobile gambling. In general gambling consumption is increasing every year, but the distribution of consumption has radically changed from Land Based gambling to Remote gambling. The purpose of this article is to present an overview of the world gambling industry and a specific overview in Austria, Croatia, Italy and Slovenia in order to find some main similarities and differences in observed period.Design/Methodology/Approach – The main research question is How important is gambling for the involved countries and what proportion of the national GDP does the gambling revenue account for? This paper presents the analysis of five statistical databases for the last sixteen years in order to find out some patterns, cyclical or seasonal features or other significant information that allows us to do forecasting of the future revenue with a certain degree of accuracy. We have systematically searched and collected data from the World Bank and the National Statistical Offices websites of the given countries. Statistical methods were used for benchmark analysis, while Box and Jenkins approach and ARIMA modelling were used for forecasting.Findings – The smallest increase was recorded in Slovenia and the largest in Italy. The same effects were also observed in the GDP of these countries. Thus, the state budgets of Croatia and Italy are increasingly dependent on gambling taxes. It also has negative wages. The gambling addictions among the locals have become more frequent as well.Originality of the research – The article shows the forecasts of the gambling revenue and its share in the GDP by 2027. We want to alert decision makers to adopt appropriate policies. States need to rethink their views on gambling and the excessive dependence of the state budget on gambling taxes. This is the first time a single comparative analysis of these countries and the above mentioned forecast has been conducted.</abstract>

Slovenia DOBA Faculty of Applied Business and Social Studies

Faculty for tourism Montenegro Tourism School

How Important is Gambling in National GDP: Case Study from Austria, Croatia, Italy and Slovenia

<abstract xmlns="http://www.w3.org/1999/xhtml">The paper is focused on specific location-allocation problem aimed to determine a set of scrap yards for vehicle decommissioning in Slovakia. The goal is to determine scrap yards network so that it is not prohibitive to pass old car for dismantling and further processing wherever former owner lives. Two approaches are considered. Once we consider the case when it is necessary to construct a completely new network of scrap yards, which results to setting of their minimum numbers and also their location. In the latter case, the already existing network of scrap yards is considered, while the model provides its extension, in order to achieve the desired values of accessibility for all residents. The results were applied to an existing network of scrap yards identifying locations to build new scrap yards. Areas where whole new network of scrap yards must be built were also identified.</abstract>

Car Scrap Yards Network in Slovakia

<abstract xmlns="http://www.w3.org/1999/xhtml">Adequate accommodation infrastucture is on of the basic conditions for sustainable tourism development. In order to improve accommodation infrastructure, particular addressing the problem of a large share of private accommodation in total infrastucture, it is proposed to transform these capacities indo condo model, diffused and integral hotels. Another major problem in tourism development in Montenegro is not an adequate structure of emissive markets, more precisely dominance of 2 markets. In order to improve emissive market infracture it is necessary to focus primarly on West European and Scandinavian market. Improving the situation of the mentioned problems would significaly affect the sustainable development of tourism in Montenegro.</abstract>

Faculty of Business and Tourism Budva and Faculty of Management

Strategic Development of the Montenegrin Tourist Product in Relative to Current Market Trends

<abstract xmlns="http://www.w3.org/1999/xhtml">The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor and capital. The results show that the marginal product of labor to be higher than the marginal product of capital and the hypothesis of constant returns to scale is not rejected.</abstract>

Estimation of a Production Function for Philippine Retail Stores

<abstract xmlns="http://www.w3.org/1999/xhtml">This study investigates the demand drivers of female labor participation in a panel of twenty (20) selected African countries across five sub-regional groupings (West Africa, East Africa, North Africa, Central Africa and South Africa), over the period 1990-2015. The study sourced data from World Bank Data Bank. Poverty and gender inequality in employment were used and measured respectively by life expectancy at birth and gender ratio in labor participation. Other variables included are wage rates, female marginal labor productivity and household income. Autoregressive Distributive Lags (ARDL) procedure of dynamic panel model was used. The result from the Dynamic Fixed Effect (DFE) revealed that female marginal productivity of labor and gender inequality in employment have a significant positive impact on demand for female labor in the long run, however female marginal productivity was found negative in the short run. It is therefore important that, in order to bridge the gender gap in employment, government should ensure gender sensitive policies and remove all forms of institutional barriers to female labor demand. Efforts should also be made to improve female productivity through training, literacy and household food security. In order for female demand to meet desired response, adequate support services and provisions that can entice female to work outside home should be provided.</abstract>

Demand Drivers of Female Labor Force Participation: Evidence From Selected African Countries

<abstract xmlns="http://www.w3.org/1999/xhtml">The study raised the question of knowledge generation, in attempt to answer this question an economic model was introduced, namely, aggregate demand and aggregate supply. The final target equations can be solved by general rule (deterministic) of solving quadratic equations. The study use analytical geometry and matrix algebra tools to solve the model beside testing their stability characteristics. If we reach unique value to the price equilibrium level then income equilibrium level the maximum potency of the economy can determined. Accordingly the rest of model values would be solved spontaneously. The essential derived result is the relationship between the dependent variable and independent variable can be redefined into accommodated and accommodator one. The long run growth rate of price and income which equal to the equilibrium combat with exogenous theory of growth which seeking stable and sustainable growth. Other results center around how to view the debate of different economic schools from the shape of aggregate demand and aggregate supply, moreover the theoretical and practical test of model give great push to the suggested approach in answering the questions raised concerning the knowledge generation. If the model succeed in exceeding the theoretical and practical tests our understanding to the phenomena functioning will be broaden and enhanced, hence the model capability can be enlarged to interpret phenomena in fields other than economic, typically the suggested approach “top to bottom” may contribute positively to the process of knowledge generation in addition to the modification of value system extraction. Finally the study suggested a protocol scenario in how to apply the derived model by introducing different steps to the application.</abstract>

Accommodation Versus Control Suggested Model to Macro-Economics

<abstract xmlns="http://www.w3.org/1999/xhtml">The optimal procurement is achieved by monitoring them from the very beginning of the planning process. Procurement planning, as one of the basic functions of procurement management, determines the goals, tasks and the way of their realization. The realization of procurement plans is realized through the purchase function of business entities, both from the domestic and foreign markets.The specifics of procurement of agro-industrial complex require continuity as a basic requirement. The importance of procurement consists in the fact that the level of reproductive capacity of the agro-industrial complex depends significantly on the normative organization, organization and quality of procurement. The goal of procurement is precisely, timely, quality and under the most favorable conditions, the acquisition of funds on the market, in order to meet the needs for the continuous operation of the companies from the agro-industrial complex.</abstract>

Management Decision Support System in Procurement of Agroindustry Complex

<abstract xmlns="http://www.w3.org/1999/xhtml">This paper presents an analysis of the current state of the use of digital technologies by the categorized hotel accommodation providers in the Municipality of Bar. The concept of SMART tourism and the use of digital technologies in tourism implies networking of tourist content throughout the country towards getting “smart experience” from local community and creating “smart business ecosystem”. Hotels at the locations need to take advantage of new technologies and include various business, sociocultural, psychological and educational components. Following was analysed: the quality of the internet presence, the level of networking with the local tourist businesses, the use of logistic innovations in tourism and the intensity of the use of social networks. The goal was to identify the level of current digital recognition and the degree of use of information technologies to point out the unused potential for the development of entrepreneurship in the hotel industry.</abstract>

Analysis of the Use of Digital Technologies in Montenegro’s Tourist offer on the Example of a Hotels in Bar

<abstract xmlns="http://www.w3.org/1999/xhtml">Trends in marketing are changing and adopting new technologies, but what always remains is good content and relevant data. New knowledge, information and use of new tools are often crucial for the success of a company. Modern business in the domain of personal marketing can no longer be efficiently implemented without the use of new e-technologies. The application of Internet technology implies radical changes in marketing (strategies, plans, programs, communication) that have contributed to the development of personal marketing, and thus improved “face to face” communication between bidders and consumers. The theoretical part of the paper refers to defining the role and importance of personalized marketing in the function of improving the business, especially from the aspect of approaching each customer or customer segment individually, as well as the importance of applying social networks to marketing, as well as the specificities and benefits of this type of marketing. The practical part in the focus has the research of the importance and role of social networks in the implementation of personalized marketing, as well as in the process of selecting a tourist destination. The practical part of the paper includes research through a specially designed questionnaire, conducted on the territory of Montenegro, and provides information on how important social networks are for selecting the tourist destination and the offer that a particular destination. The aim of the paper is to draw attention to the importance of a good e-market strategy, also, to the approach that gives the best results in advertising and the achievement of the results of the tourist destination and its offer, sales, communication with consumers, establishment of long-term relationships with consumers, which also affects improvement of the business of every tourist company in general.</abstract>

Personalized Marketing in the Function of the Tourist Destination Improvement

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ECONOMICS

We are pleased to inform you that ECONOMICS-Innovative and Economics Research Journal has been indexed by ELSEVIER, Scopus since June 2023 https://www.scopus.com/sourceid/21101122725 The ECONOMICS - Innovative and Economics Research Journal is indexed in Google Scholar and details on the citations can be found on Google Scholar Citations. Print ISSN: 2303-5005 E-ISSN 2303-5013 Starting from the fact that most economic progress is based on innovation, ECONOMICS - Innovative and Economics Research Journal has focused on the publication of theoretical, empirical and applicative articles from all areas of economics, which basically contain innovative approaches and solutions, and which are the product of knowledge economy. In this context, it is important to point out that ECONOMICS has changed its name since December 2017, following the recommendations of Scopus evaluators, and since then its name is ECONOMICS - Innovative and Economics Research Journal. Evidence to support this is an Act No. 02-4-6-239/23 Sarajevo, 2 June 2023, National and University Library of Bosnia and Herzegovina, ISSN Centre of Bosnia and Herzegovina, which contains the following text: Innovative and Economics Research Journal is the subtitle that appeared on the cover of our journal from December 2017. Subtitles are subject to change and they are not part of the key or proper title. It is possible to add the field for the variant title within the subtitle. We are confirming that this change has been recorded in the ISSN Portal in the field other variant title. Changing the name of the journal has had a significant impact on its progress and development. Innovations and changes within the fourth industrial revolution are the most famous in the world of new technologies that shape the global economic and technological structure, international and local markets, as well as the entire socio-cultural system. This journal covers the most of the consequences that technological changes bring to the economy and society, but innovation is not reserved only for technology. Innovations can have a social, media, cultural and socio-psychological character when they are not only a product of information technology. From 2024, the Journal will be published three times a year, in April, August and December, as a printed and electronic version. The language of the publication is English. The articles submitted to the Editorial Board should cover the subject area of the journal, with authors’ (co-authors’) first and last names, scientific titles, affiliations and work positions, phone numbers and e-mail addresses. We invite authors interested in publishing their papers in this periodical to submit their material in digital form to the address of the Editorial Board (e-mail: editorial.papers.economics@gmail.com or to the OJS platform, using the following link: https://economicsrs.com/index.php/eier/login. The JEL classification is proposed by the author in accordance with the Journal of Economic Literature classification, available at: https://www.aeaweb.org/jel/guide/jel.php. The author is responsible for ensuring the authenticity of data, facts, quotations and other information. Editorial boards may publish articles for discussion without sharing the authors' views. It is recommended to submit articles in English. Authors from Bosnia and Herzegovina and neighboring countries should submit their papers in English and their mother tongue.The structure of the article should comprise: the title, abstract, keywords, introduction, subtitles, conclusion and bibliography. Common subtitles are: introduction, literature review (theoretical framework), methodology (research methods, data, research model), data and sources, an empirical result (empirical findings), discussion, and conclusion. In writing their articles, authors should apply the scientific methodology standard for scientific publications. The abstract (200-250 words) needs to disclose the main idea of the paper and research results. The abstract must include sufficient information for readers to judge the nature and significance of the topic. It should summarize the objectives of the article, methodology, results and conclusions. In order to increase the visibility of the article, the abstract should reiterate keywords and phrases while avoiding unnecessary repetition. Literature is to be arranged in alphabetic order of authors and chronologically for the articles of the same author. Literature is to be quoted according to the examples for books, journals and other sources. 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Economics - Innovative and Economic Research Journal would like to invite academics, policymakers, researchers, and practitioners to submit original articles to be considered for publication. One of the projects of the Journal and the Institute is an annual international scientific conference, usually held in May, focused on the topic of "New Economy", https://conference.oikosinstitut.org/ with the aim to highlight a positive impact of modern technologies on the economy and society.  Rejection Rate   83.05% articles - completely rejected,  16.95% articles - accepted for publication following mandatory implementation of modifications suggested by peer reviewers.   Archiving  Sciendo archives the contents of this journal in Portico – a digital long-term preservation service of scholarly books, journals and collections. 