GIBRATOV ZAKON I JOVANOVIĆEVA TEORIJA UČENJA: EMPIRIJSKI TEST ZA MALA PODUZEĆA U POST-KONFLIKTNOM GOSPODARSKOM OKRUŽENJU

This article tests the validity of Gibrat’s Law and Jovanovic’s learning theory for growing small and medium-sized firms (SMEs) in post-conflict economy of Kosovo. Despite evolving body of evidence suggesting that Gibrat’s Law does not hold, there is a lack of empirical evidence from transitional and post-conflict economies. This study provides econometric analysis of the relationship of age, size and growth of SMEs. The article is based on pooled SME surveys conducted by Riinvest Institute (2004- 2006). Econometric findings show that Gibrat’s Law does not hold in all model specifications while support the conventional Jovanovic’s learning theory based on growth-size age model suggesting important policy implications for promotion of small firms in Kosovo.Ovaj članak testira validnost Gibratovog zakona i Jovanovićeve teorije učenja za rastuća mala i srednja poduzeća u post-konfliktnom gospodarstvu Kosova. Iako brojna istraživanja sugeriraju kako Gibratov zakon nije prihvaćen, nedostaju empirijska istraživanja iz tranzicijskih i post-konfliktnih ekonomija. Ovo istraživanje pruža ekonometrijsku analizu odnosa starosti, veličine i rasta malih i srednjih poduzeća. Članak se temelji na istraživanju malih i srednjih poduzeća koje je proveo Riinvest institut (2004-2006). Ekonometrijski rezultati ukazuju kako Gibratov zakon nije dokazan, dok je prihvaćena konvencionalna Jovanovićeva teorija učenja temeljena na modelu rast veličina-starost što rezultira važnim implikacijama za promociju malih poduzeća na Kosovu

GIBRATOV ZAKON I JOVANOVIĆEVA TEORIJA UČENJA: EMPIRIJSKI TEST ZA MALA PODUZEĆA U POST-KONFLIKTNOM GOSPODARSKOM OKRUŽENJU

This article tests the validity of Gibrat’s Law and Jovanovic’s learning theory for growing small and medium-sized firms (SMEs) in post-conflict economy of Kosovo. Despite evolving body of evidence suggesting that Gibrat’s Law does not hold, there is a lack of empirical evidence from transitional and post-conflict economies. This study provides econometric analysis of the relationship of age, size and growth of SMEs. The article is based on pooled SME surveys conducted by Riinvest Institute (2004- 2006). Econometric findings show that Gibrat’s Law does not hold in all model specifications while support the conventional Jovanovic’s learning theory based on growth-size age model suggesting important policy implications for promotion of small firms in Kosovo.Ovaj članak testira validnost Gibratovog zakona i Jovanovićeve teorije učenja za rastuća mala i srednja poduzeća u post-konfliktnom gospodarstvu Kosova. Iako brojna istraživanja sugeriraju kako Gibratov zakon nije prihvaćen, nedostaju empirijska istraživanja iz tranzicijskih i post-konfliktnih ekonomija. Ovo istraživanje pruža ekonometrijsku analizu odnosa starosti, veličine i rasta malih i srednjih poduzeća. Članak se temelji na istraživanju malih i srednjih poduzeća koje je proveo Riinvest institut (2004-2006). Ekonometrijski rezultati ukazuju kako Gibratov zakon nije dokazan, dok je prihvaćena konvencionalna Jovanovićeva teorija učenja temeljena na modelu rast veličina-starost što rezultira važnim implikacijama za promociju malih poduzeća na Kosovu

Mapping business start-up ecosystem in Kosovo

The aim of this study is to critically review the existing initiatives of start-up support services for entrepreneurship growth in Kosovo. In the light of an increasing government and donor activities to support start-ups in Kosovo, there is a need for evaluation of these policy interventions to guide future entrepreneurship policy. Building on the political economy of small firm intervention literature and using mapping method the study identifies and critically evaluates the technical, financial and other support services to start-ups. The study uses secondary resources to explore the initiatives and understand the entrepreneurship growth ecosystem. The findings suggest that although there is an increased trend of business support services the entrepreneurship ecosystem has not gone beyond the traditional policy measures and in many areas remains in its infancy phase of development. Challenges remain in the area of provision of alternative forms of financing, incubation space and services and moreover, in the area of support for growth-oriented startups. The study concludes by providing alternative and additional policy intervention tools

IMPACT OF AGRICULTURAL INTERVENTION PROGRAMS ON INCOME AND EMPLOYMENT: EVIDENCE FROM VEGETABLE SECTOR IN KOSOVO

The paper aims to analyse the feasibility of the vegetable crop production in Kosovo by developing a model used to measure the impact of agricultural intervention programs. For this purpose, we have used combination of direct costing (DC) and activity based costing (ABC) to assess the production costs schemes comparing the two crop modalities extended in the two different regions using different cultivars and different production technologies. This study uses a DC and ABC approach in calculating costs in the pepper and tomatoes’ production sectors and in the related agro-processing industries based on five case studies. The results derived from the adopted DC and ABC model in the vegetable sector provide more details and precise cost information that assist various managerial decisions, but are primarily used here to evaluate the impact of agricultural programmes on employment and income generation. It helps government and donors to decide between types of funding intervention programs and to see their impact on agricultural development and employment. Results, which referred to one-hectare area, showed both a higher economic and financial sustainability of good agricultural practice with respect to conventional farming, while the opposite was true in terms of employment effects of intervention programs. The study provides policy implications for both, policy makers and donors when estimating impact of interventions on employment and income levels

IMPACT OF AGRICULTURAL INTERVENTION PROGRAMS ON INCOME AND EMPLOYMENT: EVIDENCE FROM VEGETABLE SECTOR IN KOSOVO

The paper aims to analyse the feasibility of the vegetable crop production in Kosovo by developing a model used to measure the impact of agricultural intervention programs. For this purpose, we have used combination of direct costing (DC) and activity based costing (ABC) to assess the production costs schemes comparing the two crop modalities extended in the two different regions using different cultivars and different production technologies. This study uses a DC and ABC approach in calculating costs in the pepper and tomatoes’ production sectors and in the related agro-processing industries based on five case studies. The results derived from the adopted DC and ABC model in the vegetable sector provide more details and precise cost information that assist various managerial decisions, but are primarily used here to evaluate the impact of agricultural programmes on employment and income generation. It helps government and donors to decide between types of funding intervention programs and to see their impact on agricultural development and employment. Results, which referred to one-hectare area, showed both a higher economic and financial sustainability of good agricultural practice with respect to conventional farming, while the opposite was true in terms of employment effects of intervention programs. The study provides policy implications for both, policy makers and donors when estimating impact of interventions on employment and income levels