Abstract
Numerous factors have contributed to the growing interest in industrial policy. In recent years, industrial policy has been increasingly used as a response to crises. Developed countries of the world strongly intervened in their industries after the global economic crisis in 2008, and it has become much more intense after the crisis caused by the COVID-19 pandemic (with the goal of restarting economic growth). Finally, industrial policy has become a significant instrument for the industrial transition to a green and digital economy. The goal of the new industrial policy of Serbia is to promote structural changes in the industry in favor of the production of goods and services with greater added value, modernization and increasing the role of industry. New industrial policy has become more complex with new goals beyond conventional industrial development and structural changes, such as integration and upgrading into global value chains (GVCs), developing a knowledge-based economy, building sectors related to sustainable development goals and competitive positioning for a new industrial revolution [12, p. 199]. The paper analyzes the effects of state aid in 72 successfully implemented investment projects to attract investment in Serbian industry in the period from 2006 to 2016. Four bootstrap confidence intervals were used: bootstrap-t interval, percentile interval, BCa interval, and ABC interval. The constructed intervals give us information on the assessment of the average number of newly created jobs and average investments in realized projects in the period from 2006 to 2016.
Publisher
Centre for Evaluation in Education and Science (CEON/CEES)
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