Volumen 16 Sveska 2, Maj – Avgust 2014.

Zahvalnica recezentima rukopisa podnetih Uredništvu Časopisa u 2013.

Volumen 16 Sveska 2, Maj – Avgust 2014.

PAYMENT SYSTEM TECHNOLOGIES AND FUNCTIONS – INNOVATIONS AND DEVELOPMENT

Nenad Tomić

Volumen 16 Sveska 2, Maj – Avgust 2014.

REFORMA JAVNOG SEKTORA KAO KLJUČNA DETERMINANTA USPEŠNOSTI TRANZICIJE PRIVREDE REPUBLIKE SRBIJE

Petar Veselinović

Privreda Republike Srbije danas se nalazi na važnoj prekretnici. Prva faza sprovođenja tranzicionih procesa je završena, reformski procesi dobijaju novi zamah, a ulazak u Evropsku uniju postaje sve izvesniji. Da bi se tranzicioni procesi uspešno priveli kraju, neminovna je, između ostalih reformi, i reforma javnog sektora. Javni sektor u Republici Srbiji je nisko produktivan i neefikasan, neracionalno postavljen sa mnoštvom problema koji se godinama uvećavaju i usložnjavaju. Visoka stopa zaposlenosti i relativno visoke plate u javnom sektoru, s jedne, i loše formulisani poslovni sistemi, s druge strane, čine da tako koncipiran javni sektor nepovoljno utiče na ekonomski razvoj u celini. U radu će biti analizirano stanje u javnom sektoru Republike Srbije, sa posebnim akcentom na stvaranje realnih osnova za njegovu reformu kao ključnu determinantu uspešnog okončanja procesa tranzicije, uz uvažavanje specifičnosti koje ima privreda Republike Srbije.

Volumen 16 Sveska 2, Maj – Avgust 2014.

USLOVLJENOST STOPA EKONOMSKOG RASTA KVALITETOM RASTA

Nada Trivić i Viktorija Petrov

Svaka konkretna stopa ekonomskog rasta ukazuje na relevantne karakteristike tekućih razvojnih procesa, ali se, takođe, odražava na šanse dostizanja zadovoljavajućeg tempa privrednog rasta u budućnosti. Dakle, reč je o opštoj međuzavisnosti i zakonitosti konvergencije stopa rasta. Osnovni cilj ovog rada je da pokaže da nekvalitetan rast, pre ili kasnije, izaziva usporavanje privredne dinamike, i da privremeno ubrzanje rasta može biti postignuto na račun dugoročne stope rasta. Naučni instrumentarijum primenljiv za ostvarivanje ovako postavljenog cilja istraživanja je metod analize, istorijski metod i metod komparativne analize, kao i brojne tehnike u vidu savremenih informacionih sredstava. Ključni rezultat ovog istraživanja je da bez istovremenog povećanja efikasnosti upotrebe resursa, sve stope rasta endogenih faktora proizvodnje konvergiraju aritmetičkoj sredini stopa rasta egzogenih proizvodnih činilaca. Dakle, tempo rasta se može bitno povećati na uštrb njegovog kvaliteta, a rast neodgovarajućeg kvaliteta sadrži klice vlastitog zaustavljanja.

Volumen 16 Sveska 2, Maj – Avgust 2014.

A REVIEW ON THE LINK BETWEEN NONFARM EMPLOYMENT, LAND AND RURAL LIVELIHOODS IN DEVELOPING COUNTRIES AND VIETNAM

Tran Quang Tuyen

This paper has reviewed recent empirical evidence on the link between nonfarm employment, land and rural livelihoods in the context of increasing a land loss to urbanization and industrialization in some developing countries and Vietnam. It was found that while land is of great importance to a number of countries, it seems to be less important to others. Land shortage can be a positive factor encouraging rural households’ participation in nonfarm activities and improving their welfare in countries in which non-farm job opportunities are available to a large part of the population. Nevertheless, this can negatively affect rural household livelihoods in countries lacking such nonfarm jobs. In Vietnam, nonfarm employment has gained increasing importance to rural livelihoods. In addition, in peri-urban areas where more and more farmland has been lost to rapid urbanization and industrialization, nonfarm employment was found to help households reduce their dependence on farmland and improve their welfare.

Volumen 16 Sveska 2, Maj – Avgust 2014.

ON THE EFFICACY OF TRANSLATION METHODS AND THE FUNCTIONAL CURRENCY APPROACH IN REPORTING PRICE LEVEL CHANGES

Jatinder P. Singh

This article provides an evaluation of translation accounting through a logical and deductive analysis of the concepts. The relationship between the inflation of constituent countries and the methods of translation is explored. It is established that only the Current Value (Purchasing Power Parity) (PPP) Method correctly reports the effects of the inflation of both countries. The Current Rate Method fails to correctly report the effect of the subsidiary country’s inflation and the temporal method does not correctly report the parent country’s inflation. The efficacy of FAS 52 (USA) and the functional currency concept is examined. Under FAS 52, the functional currency determines the method to be adopted for translation and hence the accounts of the subsidiary that are subject to an exchange rate risk. It is, however, argued that the exchange rate risk is related to violations of Purchasing Power Parity. The degree of such violations should, therefore, form the premise on which the functional currency and translation method should be selected.

Volumen 16 Sveska 2, Maj – Avgust 2014.

ELECTRICITY INVESTMENT AND ECONOMIC GROWTH IN CHINA: A DEMONSTRATION AND A FORECAST BASED ON THE VAR MODEL

Fan Yuxian, Yuan Xiaoling, He Songke

This paper represents a study on the dynamic influence of electricity investment on economic growth, which is based on the data from 1953 to 2012, by using the ADF test, the Granger test, the VAR model, the IRF (Impulse Response Function) model and the VEC model. In this research, other factors such as more fixed-asset investment and labor force are involved in the explanatory variables. The results are used to forecast the scenarios of economic growth on different electricity investment projects. The results indicated that electricity investment can strengthen economic growth in a short time when there is a steady equilibrium relationship in the long run. The positive impulse response of economic growth to electricity investment will last for four years. The contribution of electricity investment to economic development has been increasing year by year. The scenario analysis means that an S-shaped electricity investment is better than other investment projects in the promotion of economic growth.

Volumen 16 Sveska 2, Maj – Avgust 2014.

Uvodnik 2014 (2)

Slavica P. Petrović

Sveska 2 Volumen 16 Godište 2014 naučnog časopisa Ekonomski horizonti sadrži tri izvorna naučna i dva pregledna članka, prikaz knjige, dva gledišta i Zahvalnicu recenzentima rukopisa podnetih Uredništvu Časopisa u 2013. godini.