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Journal of Applied Management and Investments



ISSN 2225-3467



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Current Issues & Archive

 Volume 8 Issue 4 2019                                  Abstracts







 Valorizing the Climate Change in Agricultural Sector of Bosnia and Herzegovina

A. Figurek       

The author considered a case of Bosnia and Herzegovina that, due to its geographical position, is vulnerable to climate change, primarily in relation to agriculture and food production. The paper describes the risks associated with climate change that have not yet been systematically considered. It found that Bosnia and Herzegovina needs reliable information to enable the assessment of climate change and subsequent impacts. Besides, current data of the monitoring and analysis need substantive improvement. Author found that without coordinated and planned approaches to climate change adaptation, Bosnia and Herzegovina will suffer economically and environmentally. Important tasks for the successful adaptation of agriculture to the impacts of climate change including improving the monitoring of climate and yield are formulated. The paper concluded that adequate research tools, models, and reliable data are necessary to strengthen the predictive knowledge of climate change and its impact on agricultural sector.

Keywords: vulnerability, risk management, climate change, agricultural sector, Bosnia and Herzegovina

JEL Codes: Q54, G32, Q18

Citation: Figurek, A. (2019), “Valorizing the Climate Change in Agricultural Sector of Bosnia and Herzegovina”, Journal of Applied Management and Investments, Vol. 8 No. 4, pp. 173-181.


   Value-Added Approach to the SMEs' Performance Measurement   

T. A. Horobets

The study aims to find an appropriate approach to measure performance of the SMEs. The value-added is considered as a main criterion for measuring the SMEs’ performance. For adequate perception of the SMEs' performance and the ability to compare it with other enterprises (competitors), the author proposed a system of enterprise performance measurement, which is simple enough for use by even the smallest enterprise of any industry. This system contains indicators that are commonly available in the annual statistical reports of the SMEs, and includes absolute, relative, and dynamic performance criteria.

Keywords:  SMEs, performance measurement, value-added, approach

JEL Codes:   L25, G32, C14

Citation:   Horobets, T. A. (2019), “Value-Added Approach to the SMEs' Performance Measurement”, Journal of Applied Management and Investments, Vol. 8 No. 4, pp. 182-188.


   Enterprises Openness to Global Economy: Mega-Regional Framework   

A.    V. Kobylianska

The study aims at analyzing firmsopenness to global economy in 2011-2017 with respect to the fact of their membership in mega-regional unions. From this point of view it represents one of the first attempts to analyze micro-aspects of mega-regional processes. For the research purposes 9 indicators from World Bank Enterprise Survey on 19 countriesmega-regional members/participants were analyzed, namely: percent of firms having their own Web site, proportion of total sales that are exported directly (%), proportion of total inputs that are of foreign origin (%), percent of firms with an annual financial statement reviewed by external auditors, percent of firms with an internationally-recognized quality certification, percent of firms using technology licensed from foreign companies, percent of firms using material inputs and/or supplies of foreign origin, percent of firms identifying customs and trade regulations as a major constraint, percent of firms identifying access to finance as a major constraint. It was shown that prior to 2011 mega-regionalization was at the stage of formation: high degree of discrepancy in terms of firmsinvolvement into global economic liaisons was observed, low reporting rate on indicators chosen was in place. In 2017 situation changed with BRICS playing leading role in mega-regionalization. The main changes were related to use of foreign resources and foreign licenses as well as with trade and finance access restrictions. It was proved that mega-regions became more integrated into global economy.

Keywords:  mega-regional unions, firmsopenness, global economy, global production networks, TPP, RCEP, BRICS

JEL Codes:  F02, F55, F15

Citation:   Kobylianska, A.V. (2019), “Enterprisesopenness to global economy: mega-regional framework”, Journal of Applied Management and Investments, Vol. 8 No. 4, pp. 189-195.


    Relationship between Globalization and Free Market Capitalization  

J. Kowalska-Potok, G.T. Cirella

This viewpoint researches how and if globalization and free market capitalization are related to one another and determines the reasons for their relationship or lack of. To understand the rationale behind the study, we exam first definitional terms, as analysed by different theorists and sources, and take into consideration current interpretations. To better contemplate the connection between globalization and free market capitalism, we dig into why it is the way it is and deliver an easy to follow viewpoint of validation. At end, to better understand the relationship, we take a secondary step and briefly assess a case study of Germany and utilize it as a check on the purposed examination.

Keywords:  free market capitalism, globalization, economic theory, international economics, Germany

JEL Codes:  A10, A11, F02

Citation:  Kowalska-Potok, J. and Cirella, G.T. (2019), “Relationship between globalization and free market capitalization”, Journal of Applied Management and Investments, Vol. 8 No. 4, pp. 196-200.



   Indirect or Macroeconomic Methods in Measuring the Informal Economy

O. Nezhyvenko

This paper aims to define and classify indirect methods of measuring the informal economy in broad. These are macroeconomic methods that are widely utilized to capture what is regarded as hidden from the official Gross Domestic Product. More particularly, the methods such as electricity consumption method, income-expenditure difference method, currency demand method, labour force participation rate, labour input method and structural (MIMIC) model are explained. Finally, a comparison of the five macroeconomic methods is demonstrated for the European Union countries. The paper concludes that the countries with the highest share of the informal economy are Greece, Cyprus, Romania, Bulgaria, Croatia, Italy and Latvia. The countries with the lowest informal economy are Austria, the United Kingdom, the Netherlands, Sweden and Luxembourg.

Keywords: informal economy, non-observed economy, shadow economy, indirect methods

JEL Codes: E26, I32, J46, O17

Citation: Nezhyvenko, O. (2019), “Indirect or Macroeconomic Methods in Measuring the Informal Economy”, Journal of Applied Management and Investments, Vol. 8 No. 4, pp. 201-215.







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