Contribution of the Investment Funds Industry to Development Performances of the Republic of Serbia

Miljan Lekovic and Dragana Gnjatovic
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Miljan Lekovic: University of Kragujevac, Serbia
Dragana Gnjatovic: University of Kragujevac, Serbia

Economic Alternatives, 2018, issue 2, 197-212

Abstract: The level of economic development of the country is a key determinant of the achieved level of development of the respective investment fund sector. The tendency of the development of the investment fund industry in the world frames the need to examine its significance for the economies of individual countries. In this regard, the paper examines the achieved level of development of the Serbian investment fund industry and the contribution of this sector to the development performances of the Republic of Serbia. On the basis of the conducted analysis, it becomes clear that the Republic of Serbia significantly lags behind the countries in the region with regard to the development of the investment funds sector and that the modest economic strength of the Serbian investment funds implies a modest contribution of these institutional investments to economic development and growth of the country.

Keywords: investment funds; investment diversification; development performances; Republic of Serbia (search for similar items in EconPapers)
JEL-codes: E44 G23 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:eajour:y:2018:i:2:p:197-212

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