Chamber of Commerce and Industry of Serbia (CCIS)
Year: 2016
The aim of the study is to assess the performance and potential for competitiveness of the tradable sectors of the Serbian economy, through an innovative methodological tool developed by CEVES – the Index of Development Potential (IDP). Additionally, the aim was to create a comprehensive and innovative tool that would provide a better insight into the established patterns of competitiveness of tradable sectors. The IDP results became the basis for the selection of four priority sectors in Serbia by the Ministry of Economy.
The IDP is a composite index that reveals the detailed characteristics of the performance and competitiveness of all tradable sectors in Serbia. The analysis is primarily quantitative: 114 tradable sectors were assessed using 120 indicators with different weights; the observed period is six years, after the global crisis, in 2009; detailed analysis of the performance of 80,000 companies, analysis of international product competitiveness in 110 foreign markets, etc.
The IDP consists of nine pillars: (1) general performance, (2) export performance, (3) sustainability performance, (4) growth potential, (5) spillover potential, (6) job creation, (8) investment attraction, and (9) fostering entrepreneurship and the development of micro and small enterprises. In addition, the analysis included: 1) the global economic impact of products (oil, gas, coal, iron, steel, copper, aluminum, wood, agribusiness) on key performance indicators of related and affected sectors in the Serbian economy; 2) in addition to ranking individual sectors, the report also provides insight into the ranking of the most important value chains, in order to assess the performance and functionality of the sector's environment, and its ability to develop
