World Day of Science Marked: Science and Research Work of Professors and Associates of the Faculty of Economics and Publication of Research Outlook 2021-2022
On the occasion of November 10, the World Day of Science for Peace and Development, the Faculty of Economics organized an event where key results of the scientific research works of professors and associates of this faculty were presented to the wider academic and professional public. (Photo Gallery) Rector of the University of Montenegro (UMNE) Vladimir Božović, PhD, expressed his satisfaction that he had the opportunity to participate in a program that represents a good path and strengthening of what UMNE should do. "This is strengthening educational and scientific capacities. The event has a strong motivational moment for the Faculty of Economics and society. We can also call it cognition. It is good to tell each other what we have been doing, what we could improve and send a word of criticism. In this sense, I congratulate the management of the Faculty of Economics and the people who work. I am sure that the results that will be presented have not only an internal significance, but also a broader, institutional one," Božović said. Dean of the Faculty of Economics, prof. Mijat Jocović, Ph.D., thanked the UMNE Rector for the support that the UMNE Rectorate gives to the oldest faculty in Montenegro, and at the same time added that this educational institution selflessly and dedicatedly shares knowledge with students every day. "Nevertheless, we believe that the knowledge we acquire through scientific research work should be put to the function of the development of society. This is also the mission of the Faculty of Economics and UMNE. We are convinced that creators and economic decision makers can recognize the results of our professors and associates. We are here to constantly question ourselves. Through questioning, we get to scientific knowledge and get closer to the truth. In the future, the Faculty of Economics plans to improve scientific research work and thereby contribute to the development of the UMNE strategy. We organize an economic seminar every third Wednesday of the month. An event where professors, associates, masters and doctoral students present results, but more importantly, exchange ideas for writing papers, projects and presenting articles in progress. In the near future, we will open the research center "Ekoflab" as a place where new ideas will be born and successfully work on their more effective realization and promotion. The center will be adequately equipped and adapted to the needs of our researchers and students. Within the Department of Management and Marketing, in September we will organize an Interdepartmental Conference in the field of management that will bring together numerous researchers. We plan to organize a regional doctoral seminar as well," Jocović, PhD, announced. At the event, the aim of which was to point out their important social contribution through the affirmation of the important projects of the teaching staff, the vice-dean for scientific research assistant professor Dr. Jovan Đurašković reminded that on this day, 20 years ago, the World Science Day was celebrated for the first time, as established by Unesco. "It is an exceptional occasion to present the results of our scientific research work to the academic, professional and lay public today, and what is certainly more important, to put these results in the context of the economic challenges that we all face today, both on a personal and institutional level." Djuraskovic said. Before the work started, the Research Outlook 2021-2022 publication was presented to those present, which contains an overview of the scientific research work of professors and associates of the Faculty of Economics and which is available on the facultys website. Todays event at the Faculty of Economics was an opportunity to announce the strategic project of the Faculty of Economics, the first International Conference "Montenegro International Conference on Economics & Business - MICEB", which will be held in Budva, from May 25 to 27, 2023. Its main focus will be directed towards sustainable development and green economy. The Faculty of Economics announced that a web presentation of the Conference will be available next week, through which all those interested will be able to register their participation. With their presence, todays lecture was enhanced by the Ambassadors of Croatia, Bosnia and Herzegovina, governors, vice-governors, distinguished professors, as well as students of the Faculty of Economics.
RESULTS OF TEN SCIENCE PAPERS
After introductory speeches, there was a working session where results of ten science papers published in two previous years had been presented, with authors who are professors and associates of the Faculty of Economics.
Stem education and growth in Europe, by Baćović, Andrijašević and Pejović. The research tested an important correlation between the quality of education and economic growth - through the prism of the economic structure. What kind of education are we talking about and how do we stand with the correlations, said Prof. Dr. Maja Baćović, author of this paper.
In the research presented by prof. Vujica Lazović, PhD, examines the scope of economic theory in the digital economy era, i.e. complementarity of basic economics textbooks with the digital economy development model. Colleagues Rondović, Đuričković and colleague Danijela Lazović participated in the research as co-authors. The paper presented by Assistant Professor Tamara Backović examines the extent to which investments in the development of the digital economy affect the economic growth of middle-income countries and whether these investments ensure faster convergence with the developed world. The authors of the work are professors Lazović and Jovović, and colleagues Backović, Đuričković and Rondović.Associate Professor Julija Cerović, Ph.D., presented the results of research that deals with the impact of renewable energy consumption on the economic growth of traditional and new EU member states. An important decision in the analysis is precisely the division of EU countries into two subsamples, which was followed by very useful conclusions. Co-authors are Muhadinović, Radonjić and Đurašković. Dr. Bojan Pejović presented the results of the research he worked on with Vesna Karadžić, PhD, and the topic is - Forecast of inflation in the countries of the Western Balkans and the European Union through a comparison of traditional and modern econometric methods. Jasmina Ćetković, PhD, presented results of the project - cost-benefit analysis - financial and economic justification of the project for the construction of a wastewater treatment plant in Nov Dojran in North Macedonia. PhD student Miloš Žarković also participated in this multidisciplinary research, and the co-authors are Knežević, Lakić, Vujadinović, Živković and Cvijović. The research entitled - Making strategic business decisions: the use and relevance of marketing metrics and knowledge management was presented by Boban Melović, PhD. The results are based on survey research, so the empirical contribution of the research is reflected in giving guidelines to managers on how to improve the system of measurement and control of marketing performance, all with the aim of strengthening the competitiveness of companies. In addition to Professor Melović, the co-authors are Vukčević, Ćirović and Backović, as well as Professor Marina Dabić from the Faculty of Economics in Zagreb. Research of attitudes towards the implementation of green accounting in the tourism industry of Montenegro - the paper was presented by Prof. Dr. Ana Lalević Filipović, and the co-authors are professors Novović Burić, Jakšić Stojanović and Kašćelan. It is important to look at the mentioned issue through a national prism - taking into account the ecological status of Montenegro, our obligations in EU integration, as well as the commitment to tourism as a strategic economic branch. The first author of the paper, Nikola Mišnić, MSc, spoke about the economic viability of the solar power plant in the context of electricity price forecasting - a real case study and price forecasting model. A group of younger colleagues worked on the research - Pejović, B., Jovović, J., Rogić, S., and Đurišić, V. Mr. Sunčica Rogić, spoke about market segmentation, based on data, which is a prerequisite for effective targeting of customers in direct marketing campaigns. Professor Kašćelan worked on the research. During the second session, the promotion of four published monographs was held:Basics of management accounting, authored by prof. Dr. Ane Lalević Filipović, MSc Milica Vukčević. Prof. spoke about the book. Dr. Milan Lakićević, full professor at the Faculty of Economics, University of Montenegro. The law of commercial companies - corporate parvo, authored by prof. Dr. Mijat Jocović. Prof. spoke about the book. Dr. Vladimir Savković, full professor at the Faculty of Law of the University of MontenegroEconomy of Montenegro from 2006 to 2016, authored by prof. Dr. Maje Baćović. The following spoke about the book: prof. Dr. Vesna Karadžić and Prof. Dr. Ljubinko Dedović, full professor at the Faculty of Economics, University of Montenegro.Knowledge management and organization: healthcare quality in Montenegro, authored by Dr. Ivan Radević. Dr. Isaac Adizes, Adizes from Institute Worldwide, Santa Barbara, USA, spoke about the book. (video).
CONCLUSIONS
After the end of two sessions, the conclusions followed. Jovan Đurašković, PhD, highlighted the following:
"In the previous two years, 5 monographs were published.
We have published more than 140 scientific papers, of which:
- 57 papers in the journals of the prestigious Web of Science collection
- 24 papers in other international journals that are not indexed in the Sci list
- 18 chapters in international monographs
- 42 papers at international conferences
- Two international projects coordinated by our professors,
- We are co-publishers of two international magazines.
On that occasion, Vice-Dean Đurašković highlighted the expectation that in two years, a new Research Outlook will be published, which will be richer in structure and content: "And in the meantime, we will work intensively on raising the research capacities of professors, associates and students at all levels of study with an emphasis on masters and doctoral studies.
In the coming period, we will emphasize achieving a special goal - connecting research work with challenges of national economy. Respecting individual research interests, we must find professional motivation to make our research socially useful, i.e. to put scientific facts of social interest into function, regardless of whether they are aimed at the business community, public policy makers or academia. Therefore, the focus will be on the social affirmation of scientific research work." Djuraskovic concluded.