Test Cover Image of:  ECONOMICS


Innovative and Economic Research Journal

The Economics journal is indexed in Google Scholar and details on the citations can be found on Google Scholar Citations.

Our mission is to present current results of scientific and theoretical research from areas of economics, management and business data processing, as well as to provide book reviews, scientific critical opinion, as well as our position on technology.
Journal editors include eminent professors and associates from renowned scientific research institutes, both domestic and international.
All scientific and technical articles published in the Journal are subject to a mandatory double-blind peer review by two independent reviewers.

Journal has been publishing under CC BY-NC-ND 3.0 since 2017. Starting 2020 the Creative Commons license implemented is CC BY-NC-ND 4.0

Since 2017 the copyrights to the articles are held by the authors.

Why subscribe and read

The Journal was generated owing to the great effort of the publisher, to the enthusiasm of the editorial office, as well as by the energy, knowledge and effort of the authors who saw something different and innovative in the Journal itself. The new and more modern Journal concept brought a new name, as well as the new visual identity of the Journal, applied since December 2017.

Today, the Journal is oriented towards the content of the broadest concept of "new economy", primarily oriented towards innovations of any type of content and form. It is clear that the focus of the Journal is on research related to economic, social and technological changes occurring within the common notion of a (sustainable) development of the economy and society.

Our Journal has become internationally recognizable, with a continuously improving quality level, not only due to its topics and content of the presented articles, but primarily because of the quality of its researchers.

As with any other social creation, the journal is the result of people's work. Nowadays, the editorial staff consists of reviewers from over 40 countries of the world, i.e. from five (5)different continents (Europe, Asia, Australia, Africa, North and South America) acting either as members of the international editorial board, reviewers, authors, or simply contributors to the projects that the Journal and its publisher Oikos Institute implement.

Having reached the seventh year of publishing our Journal, we are proud to present the following:

  • We managed to maintain the continuity of a regular semi-annual publication,
  • Following the changes occurring in the society and the scientific-research actuality of the materials we received, we slightly changed the name and the visual identity of the Journal, thus corresponding to the will and interest of our users,
  • We have significantly improved and expanded the structure of the international editorial board, as well as the capacity of the technical segment of the editorial board,
  • The communication and Journal distribution, citation and indexing systems have been greatly improved, both regarding the online registration and within our site.

One of the regular projects of the Journal and the Institute is the annual international scientific conference, usually held in May, focused on the topic of "New Economy", with a different subtitle every time, tasked with processing new thematic areas and illuminating the practice of structural economic and technological changes in the world. The initial practice was to hold the international conference in Bijeljina (Bosnia and Herzegovina), but since May 2019 this practice has been improved by changing not only the location, but even the country of the conference - to Sutomore (in Montenegro). The upcoming annual conferences, organized by the Oikos Institute and the Economics Journal - Innovative and Economic Research Journal, will be held continuously at other destinations by changing the location and the country of the event, but primarily focused onto the region of Southeast Europe.

Why submit

  • Only four issues were sufficient for the Journal to become classified as the journal of the highest national importance. After the fourth issue, the electronic version became featured by the international agency " De Gruyter Sp. z o.o." Today, the Journal is referred to by an international agency "Sciendo", a renowned academic publisher, owned by De Gruyter.
  • We intend to start our cooperation with Scopus by constantly expanding the list of contributors and participants, i.e. primarily of the authors of scientific articles, with an emphasis on exploring the role of innovation in the greatest challenges of today's world, such as climate change, global and internal inequalities, as well as the risks of technological changes in today's world.
  • Editing of Economics Journal will be performed in line with the highest professional and research standards. Every article published within would have to fit into the thematic editorial concept of the Journal, but also to be subjected to a double-blind expert peer-review. The reviews are conducted within three to four weeks.
  • A majority of the papers and articles, following the review, would have to be subjected to updates and amendments, primarily to improve the quality of the argumentation or methodology, as well as the language and style used... whereas the appendices and attachments that fail to receive positive reviews shall be returned to the authors, together with explanations and recommendations for quality improvement.
  • Once the papers and articles are submitted, the ones that are accepted are immediately published in the upcoming Journal issue.
  • We will invest even more effort so that the Economics- innovative and Economic research Journal has become a reputable international journal, and as such becomes a quality source of scientific results and professional, expert arguments for both young and experienced researchers, and as such to interconnect the generations of scientists and experts in particular areas of innovation and their socio-economic impact.

Rejection Rate

  • 20% articles - completely rejected
  • 64% articles - accepted for publication following mandatory implementation of modifications suggested by peer reviewers


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.

Journal Metrics

European Reference Index for the Humanities

Abstracting & Indexing

ECONOMICS is covered by the following services:

  • Baidu Scholar
  • Cabell's Whitelist
  • CEJSH (The Central European Journal of Social Sciences and Humanities)
  • CNKI Scholar (China National Knowledge Infrastructure)
  • CNPIEC - cnpLINKer
  • Dimensions
  • DOAJ (Directory of Open Access Journals)
  • EBSCO (relevant databases)
  • EBSCO Discovery Service
  • EconBiz
  • ERIH PLUS (European Reference Index for the Humanities and Social Sciences)
  • Google Scholar
  • J-Gate
  • JournalTOCs
  • KESLI-NDSL (Korean National Discovery for Science Leaders)
  • MIAR
  • MyScienceWork
  • Naver Academic
  • Naviga (Softweco)
  • Primo Central (ExLibris)
  • ProQuest (relevant databases)
  • Publons
  • QOAM (Quality Open Access Market)
  • ReadCube
  • Research Papers in Economics (RePEc)
  • Semantic Scholar
  • Summon (ProQuest)
  • TDNet
  • Ulrich's Periodicals Directory/ulrichsweb
  • WanFang Data
  • WorldCat (OCLC)

Submit your manuscripts to the journal via email to redakcija.radovi@gmail.com


Open Access Statement

The journal is an Open Access journal that allows a free unlimited access to all its contents without any restrictions upon publication to all users.

Open Access License

This journal provides immediate open access to its content under the Creative Commons BY-NC-ND 4.0 license. Authors who publish with this journal retain all copyrights and agree to the terms of the above-mentioned CC BY-NC-ND 4.0 license.

Editor in Chief:
Prof. dr Petar Đukić, Faculty of Technology and Metallurgy, University of Belgrade, Full professor, Serbia

Editor in Chief Assistant:
Taro dr Abe, Nagoya Gakuin University (Culture & Human Resources), Japan

Editor in Chief Assistant:
Andrzej dr Niemiec, Poznan University of Economics, Department of Controlling, Financial Analysis and Valuation, Poland

Bosnia and Herzegovina:
Mladen dr Rebić, University of East Sarajevo, Faculty of Economics Pale, Bosnia and Herzegovina
Branko dr Krsmanović, University of East Sarajevo, Faculty of Business Economics Bijeljina, Bosnia and Herzegovina
Goran dr Popović, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Nikola dr Gluhović, University of East Sarajevo, Faculty of Economics, Bosnia and Herzegovina
Zoran dr Mastilo, Faculty of Business Economics Bijeljina, University of East Sarajevo, Bosnia and Herzegovina
Radmila dr Čičković, University of Business Studies, Bosnia and Herzegovina
Armina dr Hubana, University of „Džemal Bijedić" – Mostar, Bosnia and Herzegovina
Srđan dr Lalić, University of East Sarajevo, Faculty of Economics Brčko, Bosnia and Herzegovina
Nenad dr Lalić, University of East Sarajevo, Pedagogical faculty, Bosnia and Herzegovina
Milenko dr Krajišnik, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Jamila dr Jaganjac, University ,,Vitez,, BiH, Bosnia and Herzegovina
Slobodan dr Subotić, University of East Sarajevo, Faculty of Transport and Traffic, Bosnia and Herzegovina
Muharem dr Karamujić, University of Sarajevo, School of Economics and Business, Bosnia and Herzegovina
Đorđe dr Lazic, University Sinergia Bijeljina, Bosnia and Herzegovina
Ognjen dr Eric, University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina
Rajko dr Radović, University of East Sarajevo, Faculty of Business Economics Bijeljina, Bosnia and Herzegovina
Andrijana Mrkaić PhD Ateljević, "High School of Tourism and Hospitality" Trebinje, Bosnia and Herzegovina

Oleg dr Roy, Faculty of Economics in Omsk, Russia
Perpelkin dr Viacheslav, Samara State University of Economics, Russia

Tom dr Gillpatrick, Portland State University, USA
Leland dr Buddress, Portland State University, USA
Roofa dr Galeshi, Radford University, USA
Jason dr Caudill, King University, USA
Hugh J. PhD Ault, Boston College, USA
Jason C. PhD Patalinghug, Southern Connecticut State University, USA

Elena dr De la Poza, University of Valencia Politécnica, Spain

Ubaldo dr Comite, University Giustino Fortunato, Italy
Marco dr Valeri, Faculty of Economics, Niccolo' Cusano University in Rome, Italy
Leslie dr Fadlon, University of Niccolò Cusano, Italy
Alberto dr Celani, Politecnico Milano, Italy

Christer dr Thörnqvist, Högskolan i Skövde, Sweden

Manjit dr Das, Bodoland University,Kokrajhar (Assam), India
Ray dr Titus, Alliance University, India
Rudrarup Dr Gupta, Commercial Manager of Multifarious Projects Group, India
Brijendra dr Yadav, Aashlar Business School, Mathura, India
Sandeep dr Kumar, Tecnia Institute of advanced Studies, University Delhi, India

Alexandru dr Nedelea, Stefan Cel Mare University of Suceava, Romania
Rocsana B.Manea dr Tonis, University Politehnica of Bucharest, Romania
Manuela Rozalia PhD Gabor, G.E.Palade University of Medicine, Pharmacy, Science and Technology of Targu Mures, Faculty of Economics and Law, Romania

Napat dr Harnpornchai, Chiang Mai University, Tailand

Ranasinghe dr Amaradasa, University of Fiji, Fidži

Brilanda dr Bushati, University of Shkodra "Luigj Gurakuqi", Albania
Fatbardha dr Molla Bequiri, University of Shkodra "Luigj Gurakuqi", Albania
Elidiana dr Bashi, University of Shkodra "Luigj Gurakuqi", Albania

Ivan dr Brezina, Faculty of Business Informatics, Slovakia
Martina dr Blašková, University of Žilina, Slovakia

Predrag dr Trpeski, Ss. Cyril and Methodius University, Faculty of Economics, Macedonia

Corina dr Gribincea, The National Institute for Economic Research of the Academy of Sciences of Moldova, Moldova
Marica dr Dumitrasco, Academy of Sciences of Moldova, Economy, Moldova

Lorena dr Škuflić, University of Zagreb, Faculty of Economics, Croatia
Zoran Dr Wittine, University of Zagreb, Faculty of Economics, Croati
Anita Čeh dr Časni, University of Zagreb, Faculty of Economics, Croatia
Ksenija dr Dumičić, University of Zagreb, Faculty of Economics, Croatia

Boban dr Melović, University of Montenegro, Faculty of Economics, Montenegro
Milivoje dr Radović, University of Montenegro, Faculty of Economics, Montenegro
Rade dr Ratković, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Ivo dr Županović, Mediterranean University, Faculty of Business and Tourism Budva Montenegro
Darko dr Lacmanović, Mediterranean University, Faculty of Business and Tourism Budva, Montenegro
Ana dr Stranjančević, Modul Dubai University, The United Arab Emirates
Anđelko dr Lojpur, University of Montenegro, Faculty of Economics, Montenegro

Gojko dr Rikalović, University of Belgrade, Faculty of Economics, Serbia
Nenad dr Vunjak, Modern Business School in Belgrade, Serbia
Petar dr Vrgović, University of Novi Sad, Faculty of Technical Sciences, Serbia
Gordana dr Kokeza, University of Belgrade, Faculty of Technology and Metallurgy, Serbia
Kristijan dr Ristić, Bussines and law faculty, University Union – Nikola Tesla, Belgrade, Serbia
Snežana dr Milićević, Faculty of Tourism and Hotel Management in Vrnjaèka Banja, Serbia
Drago dr Cvijanovic, Faculty of Tourism and Hotel Management in Vrnjaèka Banja, Serbia
Snezana dr Radukić, Faculty of Economics, University in Niš, Serbia
Zorana PhD Kostić, Faculty of Sciences and Mathematics, University in Niš, Serbia

Saudi Arabia:
Bashar Y. dr Almansour, Skyline University College, Saudi Arabia
Yassin dr Eltahir, King Khalid University, Saudi Arabia

Kieran dr James, University of the West of Scotland, Scotland

Andrej dr Raspor, School of Advanced Social Studies, Slovenia
Marjana dr Merkač, Faculty of Commercial and Business Sciences, Slovenia
Marija dr Bogataj, University of Ljubljana, Faculty of Pharmacy, Slovenia

Gholamreza dr Jandaghi, University of Tehran, Faculty of Management and Accountancy, Iran

Arcione Ferreire dr Viagi, Taubate University, Brazil
Fábio dr Albergaria de Queiroz, Catholic University of Brasilia, Brasil

Piotr dr Wisniewski, Corporate Finance Unit Institute of Finance, Warsaw School Economics, Poland

Kherchi dr Ishak, Hassiba Benbouali University of Chief, Algeri
Zoheir PhD Guebli, Faculty of Economic Sciences, University of Algiers 3, Algeria

Olha dr Komelina, Poltava National Technical Yuri Kondratyuk University, Poltava, Ukraine
Tetiana dr Paientko, Kyiv National Economic University, Ukraine
Iryna Dr. Sc. Lytvynchuk, Zhytomyr National Agroecological University, Ukraine

Oksana dr Koshulko, Polotsk State University, Belarus

Sri Lanka:
Ahamed dr Labbe Mohamed Aslam, Ministry of Home Affairs, Sri Lanka
Nisantha PhD Kurukulasooriya, University of Ruhuna, Sri Lanka

Hüseyin dr Işıksal, Near East University, Faculty of Open and Distance Education, Turkey
Metin dr Toprak, İstanbul Üniversitesi Akademik Veri Yönetim Sistemi, Turkey
Zeki Atil dr Bulut, Dokuz Eylul Univeristy, Turkey
Feden dr Koç, Usak University, Turkey

New Zeland:
Tauisi dr Taupo, Victoria Univeristy of Wellington, New Zeland

Teguh dr Sugiarto, Universitas Budi Luhur, Indonesia

Mythili dr Kolluru, College of Banking and Financial Studies, Oman

Konstantinos dr N. Malagas, University of the Aegean, Greece
Constantinos dr Challoumis, National and Kapodistrian University of Athens, Greece

Azza dr Mohamed Kamal, University for Modern Science and Arts (MSA), Egypt

Michael dr Okoche, Uganda Management Institute, Uganda

Czech Republic:
Lucie dr Andreisová, University of Economics in Praque, Czech Republic

Julia Stoyancheva dr Stefanova, Economic Research Institute at the Bulgarian Academy of Sciences, Bulgaria
Marin Petrov dr Georgiev, Kaneff University Hospital, Rousse, Bulgaria
Venelin dr Terziev, University of Ruse Angel Kanchev, Bulgaria

Fouzi dr Belmir, University of Fes, Morocco

Bijay dr Kumar Kandel, University of the South Pacific, Cyprus

Dereje dr T. GEBREMESKEL, Global Land Programme (GLP) and Ethiopian Civil Service University, Ethiopia

Massoud dr Moslehpour, Asia University, Taiwan

Christopher dr. Hartwell, Bournemouth University, United Kingdom

Hamid dr Khurshid, Lingnan University Hong Kong, Department of Management, Republic of China
Tafazal Dr Kumail, Guangxi University of Finance and Economics, Nanning, China

Adel. M PhD Sarea, College of Business & Finance, Bahrain

Bhola Dr. Khan, Yobe State University, Nigeria Faculty of Social Sciences, Nigeria

Technical Editor
Borjan Divljanović, Graphic studio PIXEL - Bijeljina

Translation to English
Nemanja Jovanović

Address of the Editorial Board:
Neznanih junaka 9-11
76300 Bijeljina Republic of Srpska
Bosnia and Herzegovina
e-mail: novi.economics.institut@gmail.com
Bank account: 5550000004916269, Nova banka, Filijala Bijeljina ID: 44035724600004

Oikos Institute - Research Centre
Neznanih junaka 9-11
76 300 Bijeljina
+387 55 423 183

Publisher Online
De Gruyter Poland
Bogumiła Zuga 32A Str.
01-811 Warsaw, Poland
T: +48 22 701 50 15