Vladimir Mićić
Experience and good practice show that, in order to achieve economic growth and development, changes in the economic structure need to be made. They have an influence on the relative share, place and role of certain activities in the economy and they are the driver of sustainable economic development. Efficient structural changes are related to the capability of an economy to create more propulsive economic activities. The subject matter of the research in this paper is the determination of the degree of the determination of the economic development of the Republic of Serbia by the sectoral structure of the economy. The research goal is to indicate the adequacy of the size of and contribution of the sectors to the creation of gross value added and the total employment, i.e. the influence of the size, intensity and directions of changes between the sectors on the economic development. The research results are indicative of the fact that the achieved level of the development and low growth rate of the economy of the Republic of Serbia are the consequence of insufficiently comprehensive and intensive changes, changes that are late and are not stable. The future development of the economy will directly depend on the speed of changes and the creation of a modern sectional economic structure, especially the development of a propulsive manufacturing structure or “4.0 industries”.
Katja Crnogaj, Karin Širec
High-growth companies, gazelles, are responsible for stimulating economic growth and development through extreme growth rates (employment, income, assets, value-added etc.). Consequently, exploring highgrowth companies may offer valuable insights into promoting dynamic entrepreneurship in contemporary society. In this paper, we are examining high-growth companies and their socio-economic contribution through a company’s size, because the size dimension is an important characteristic affecting the level of employment and making important contributions to employment growth. Based on the national ranking of the 500 fastest-growing companies, based on the income statement data (sales growth in the 5-year period), we compare the gazelles with the average of all Slovenian companies. The findings provide evidence of the gazelles’ considerable contribution to employment and the creation of an added (new) value. Company growth can also be measured on the basis of other parameters and therefore, in one part of our analysis, we limit the use of the measures to the relative employment growth – the DaBeg index. The results have shown that the growth patterns among the companies are very heterogeneous and that innovative fast-growing companies make a valuable socio-economic contribution. As such, gazelles require effective supportive measures of government policies, aimed at encouraging and promoting growth-oriented entrepreneurship.