The Construction industry in function of the recovery of the Republic of Serbia economy

Igor Mladenovic

Faculty of Economics, University of Nis, Nis, Serbia

The current economic crisis has affected the level of the economic activity in many sectors of the economy. Among theorists and practitioners, the construction industry, followed by all the other industries, is increasingly said to be facing a serious crisis and to encourage its recovery of the overall economy of the Republic of Serbia. For this, the construction industry is said to be able to bear half of the economic growth of Serbia. However, taking into account the above-mentioned positions, the question is what the effects of the economic crisis on this economic sector are and what the effects of the measures imposed by the previous government of the Republic of Serbia regarding this sector were. Searching for answers to this question can to a great extent profile the answer of the current government regarding the solving of the problems in the Serbian construction industry.

Keywords: economic crisis, institutional environment, state subsidies, construction sector

JEL Classification: G01, E29, E29, D22