Mapping Serbia's Growth

World Bank

Mapping Serbia's Growth

Autores

World Bank

Editor

Washington, DC

Descripción

Big cities are becoming even bigger and these have been and will be the key drivers of economic growth in Serbia. Belgrade, Novi Sad, Nis and Kragujevac, Serbia's four largest cities contributed to about 60 percent of the increase of value added in the economy over the period 2001-2008. These four largest cities in 2008 accounted for about two thirds of country s economy. Spatial characteristics of foreign direct investments inflow, privatization process and location of export oriented sectors, indicate significant concentration. FDI and privatization were attracted by largest cities, though the proximity to the key transit routes, like Corridor 10, is also important for making decision where to invest. Export is concentrated in several places, depending on the type of production, and proximity of major export markets contributed to concentration of export near the borders of the EU (i.e., Hungary) and Bosnia and Herzegovina, the second most important export market for Serbia. Spatially uneven growth caused differences in living standards. Wages did not play significant role, as migrations did in adjusting differences in economic development among regions. Living standards are lowest in southern Serbia which has on average negative growth rates over this period and where both unemployment and poverty are highest. The last section of the report discusses some of the possible options for policy makers as response to spatially biased growth.

Palabras clave

ABSOLUTE TERMS, AGRICULTURE, ANNUAL GROWTH, ANNUAL GROWTH RATE, ASSETS, AUCTIONS, AVERAGE GROWTH, AVERAGE GROWTH RATE, CAPITAL FLOWS, CAPITALS, CAR, CENTRAL GOVERNMENT, CITIES, COST OF LIVING, COST OF TRANSPORTATION, DATA ISSUES, DATA QUALITY, DECENTRALIZATION, DEFLATORS, DEVELOPED COUNTRIES, DEVELOPED WORLD, DEVELOPING WORLD, DEVELOPMENT ECONOMICS, DEVELOPMENT REPORT, DIFFERENTIALS, DISTRICT, DISTRICT HEATING, DRIVERS, ECONOMIC ACTIVITIES, ECONOMIC ACTIVITY, ECONOMIC BARRIERS, ECONOMIC CONCENTRATION, ECONOMIC DECLINE, ECONOMIC DEVELOPMENT, ECONOMIC GEOGRAPHY, ECONOMIC GROWTH, ECONOMIC INTEGRATION, ECONOMIC THEORY, EDUCATED WORKERS, EDUCATION LEVEL, EMPLOYMENT, EQUAL ACCESS, EQUALIZATION, EQUITY GROUNDS, EXPENDITURE, EXPENDITURES, EXPORTS, FINANCIAL INCENTIVES, GDP, GDP PER CAPITA, GROSS VALUE, GROWTH EPISODE, GROWTH POLICIES, GROWTH RATE, GROWTH RATES, HEALTH CARE, HEALTH OUTCOMES, HEALTH SERVICES, HIGH GROWTH, HIGH VOLATILITY, HIGHWAYS, HOUSING, HUMAN DEVELOPMENT, INCOME LEVELS, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INDUSTRIALIZATION, INFRASTRUCTURE DEVELOPMENT, INTERGOVERNMENTAL FISCAL RELATIONS, INTERGOVERNMENTAL TRANSFERS, INTERNATIONAL TRADE, INTERNATIONAL TRANSPORT, LABOR MARKET, LABOR MARKETS, LAND DEVELOPMENT, LAND USE, LARGE CITIES, LEGISLATION, LENGTH OF ROADS, LEVEL OF GOVERNMENT, LIVING STANDARDS, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, LOCAL ROADS, METROPOLITAN AREA, MIGRATION, MOBILITY, MUNICIPAL, MUNICIPAL EXPENDITURE, MUNICIPAL FINANCING, MUNICIPALITIES, MUNICIPALITY, NATIONAL ACCOUNTS, NATIONAL ECONOMY, POLICY INTERVENTIONS, POLICY MAKERS, POLICY OPTIONS, POOR GROWTH, POOR PEOPLE, POOR POPULATION, POVERTY LINE, POVERTY RATE, POVERTY RATES, POVERTY REDUCTION, PRIMARY EDUCATION, PRIMARY HEALTH CARE, PRIVATIZATION, PRODUCTIVITY, PUBLIC ENTERPRISES, PUBLIC INVESTMENTS, PUBLIC TRANSPORT, PUBLIC UTILITIES, QUALITY OF TRANSPORT, RAILWAYS, REAL GDP, REBATES, REVENUE SHARING, ROAD, ROAD NETWORK, RURAL AREAS, RURAL ROADS, SAFETY, SAFETY NET, SEWAGE, SIGNIFICANT IMPACT, SIGNIFICANT REDUCTION, SKILLED LABOR, SMALL TOWN, SOCIAL PROTECTION, SOCIAL SERVICES, SPATIAL ECONOMICS, STREET CLEANING, STREETS, STRUCTURAL REFORMS, SUB-NATIONAL, TAX, TAX ADMINISTRATION, TAX POLICY, TELECOMMUNICATIONS, TOWNS, TRANSIT, TRANSIT ROUTES, TRANSITION COUNTRIES, TRANSPORT, TRANSPORT CORRIDORS, TRANSPORT COSTS, TRANSPORT INFRASTRUCTURE, TRANSPORT SYSTEMS, TRANSPORTATION, TRUE, TYPES OF ROADS, UNEMPLOYMENT, UNEMPLOYMENT RATE, UNEMPLOYMENT RATES, UNEQUAL COUNTRIES, URBAN AREAS, URBANIZATION, VALUE ADDED, VILLAGES, WAGES, WATER SUPPLY, WEALTH