Technology balance of payments of the Republic of Serbia: trends and perspectives of technology trade with foreign countries

Nikola Škondric Sonja Aleksic, Sonja Aleksic and Nikola Škondric
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Sonja Aleksic: National Bank of Serbia
Nikola Škondric: National Bank of Serbia

Working Papers Bulletin from National Bank of Serbia

Abstract: The technology balance of payments represents a statistical overview of international market transactions between residents and non-residents, resulting from technology transfers realised through intangible assets (patents, licenses, knowhow, etc.) and the provision of services with a dominant technological component (research and development, technical assistance, engineering services, etc.). It is based on balance of payments and international trade in services statistics, in accordance with the international statistical standards. In this paper, the authors developed and examined the technology balance of payments of the Republic of Serbia, in order to determine the basic trends of technology trade with foreign countries and observe the analytical value of the technology balance of payments as an indicator of international technology trade.

Keywords: inflation technology balance of payments; technology transfer; balance of payments; services account (search for similar items in EconPapers)
JEL-codes: F14 L84 L86 O33 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2023-03
New Economics Papers: this item is included in nep-int, nep-pay and nep-tra
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