differences in taste or technology. Previous empirical studies have fewer analysis of attitude towards risk and its incorporation into empirical hypotheses. 2 In Section 2 , I give a short description about the researches in this field. The economicmodel in
Authors:Ivan Vujačić, Jelica Petrović-Vujačić, Svetozar Tanasković, and Marko Miljković
the European EconomicModel . Washington, DC . World Bank . Gregory , P. – Stuart , R. ( 2014 ): The Global Economy and its Economic Systems . South-Western Cengage . Guetat , I. – Serranito , F. ( 2005 ): Using Panel Unit Root Tests to
on Job Flows: The Italian Case . EconomicModelling , 68 : 178 – 189 . 10.1016/j.econmod.2017.07.011 Dixon , R. – Lim , G. C. – van Ours , J. C. ( 2016 ). Revisiting the Okun relationship . Applied Economics , 49 ( 28 ): 2749 – 2765
Authors:Marija Petrović-Ranđelović, Tamara Rađenović, Bojan Krstić, and Vladimir Mićić
traditional economic determinants, while the impact of non-economic determinants was insignificant. Also, Schneider – Frey (1985) found the similar results, by developing a political-economicmodel which examined the economic and political determinants of
shares in the old and new EU member states - Sectoral effects and the role of relative prices . Economic. Modelling 90 : 254 – 274 . 10.1016/j.econmod.2020.05.010 Kravis , I. B. – Lipsey , R. ( 1983 ): Toward an Explanation of National Price
The paper reviews the commercial banking sector’s development during the booming years before the current global crisis in Southeast Europe. Based on the analysis of a comprehensive dataset, a common, simplified economic model could be outlined for this period, where GDP growth has been fuelled by rapid credit growth. The latter was boosted both by foreign funding and swift deposit growth volumes. Nevertheless, beside the favourable catch-up process, the level of external imbalances, credit growth and currency mismatches raised sustainability concerns and the risk of overheating.