Partner: Chamber of Commerce and Industry of Serbia (CCIS)
The objective of the assignment was to assess performance and competitive potentials of tradable sectors in Serbia’s economy, through an innovative tool developed by CEVES – Development Potentials Index (DPI). The specific goal was to create an innovative and comprehensive tool that would provide better insight into tradable sector competitive patterns in Serbia. DPI results made a foundation for the selection of four priority sectors by Ministry of Economy.
DPI represents a composite index that uncovered detailed performance and competitiveness patterns of all tradable sectors in Serbia. This analysis was primarily based on quantitative analysis: 114 tradable sectors were assessed with 120 indicators of different weights; 6 years observed period after the strike of the global crisis in 2009; 80.000 companies detailed performance analysis, international competitiveness product analysis on 110 foreign markets, etc. DPI was consisted of nine pillars: (1) general performance, (2) export performance, (3) sustainable performance, (4) growth potential, (5) potential for spill-over effects, (6) sophistication potential, (7) employment creation, (8) investment attraction, and (9) encouragement of entrepreneurship and development of micro and small enterprises. The analysis covered as well: 1) economic impact of global commodity (oil, gas, coal, iron, steel, copper, aluminum, lumber, agribusiness) on key performance indicators of affected sectors in Serbia’s economy; 2) in addition to rankings of individual sectors, rankings of the most important value chains were also produced, in order to assess the performance and functionality of a sector surrounding and its ability to develop in those conditions.