fbpx

Vladimir Šimić – Faculty of Economics, Business and Tourism, University of Split, Cvite Fiskovića 5, 21000 Split, Croatia

Lena Malešević Perović – Faculty of Economics, Business and Tourism, University of Split, Cvite Fiskovića 5, 21000 Split, Croatia

 

Keywords:
Level of development;
Students’ perception;
HDI index;
Life satisfaction

DOI: https://doi.org/10.31410/ITEMA.2022.325

Abstract: This paper investigates the level of development in Balkan coun­tries through comparison of the common development indicators. A start­ing point is the perception of the level of economic development by a group of first year economics students at the Faculty of Economics, Business and Tourism in Split, Croatia. With the students typically not being aware (fa­miliar) of how rich (poor) their country is, this study provides a deeper inves­tigation of the level of development of Croatia and compares it with sever­al countries from the neighborhood. The investigation employs commonly used indicators of economic development – GNI (Gross national income) per capita as usually reported by the World Bank, but also takes into account additional indicators like HDI (Human development index) and life satisfac­tion indicator. Overall, the study provides an interesting review and compar­isons between countries and resolves some misperceptions that are typical­ly present in general public.

6th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2022 – Conference Proceedings, Hybrid (University of Maribor, Slovenia), October 27, 2022

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2022 Conference Proceedings: ISBN 978-86-80194-63-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2022

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

Suggested citation

Šimić, V., & Malešević Perović, L. (2022). The Level of Development – Students’ Perceptions and Beyond: The Case of Balkan Countries. In V. Bevanda (Ed.), International Scientific Conference ITEMA 2022: Vol 6. Conference Proceedings (pp. 325-334). Association of Economists and Managers of the Balkans. https://doi.org/10.31410/ITEMA.2022.325

References

Bensley, D.A. & Lilienfeld, S. O. (2017). Psychological Misconceptions: Recent Scientific Ad­vances and Unresolved Issues. Current Directions in Psychological Science, 26(4), 377–382.

Brandts, J., Busom, I., Lopez-Mayan, C. & Panadés, J. (2022). Dispelling Misconceptions in Eco­nomics. Journal of Economic Psychology, 88, 1-19.

Fleurbaey, M. (2009). Beyond GDP: The Quest for a Measure of Social Welfare. Journal of Eco­nomic Literature, 47(4), 1029-1075.

Fraumeni, B. (2022). Gross domestic product: Are other measures needed? IZA World of Labor (available at: https://wol.iza.org/uploads/articles/609/pdfs/gross-domestic-product-are-oth­er-measures-needed.pdf ) (https://doi.org/10.15185/izawol.368.v2 )

Hauser, O. P. & Norton, M.I. (2017). (Mis)perceptions of Inequality, Current Opinion in Psychol­ogy, 18, 21-25.

Hopkins, D. J. (2012). Whose Economy? Perceptions of National Economic Performance During Unequal Growth. Public Opinion Quarterly, 76(1), 50–71.

https://blogs.worldbank.org/opendata/new-world-bank-country-classifications-income-lev­el-2022-2023 

https://datahelpdesk.worldbank.org/knowledgebase/articles/906519-world-bank-country-and-lending-groups 

Krueger, A.O., & Myint, H. (2022). Economic development. Encyclopedia Britannica, 14 Oct. 2022, https://www.britannica.com/topic/economic-development Accessed 27 October 2022.

Ortiz-Ospina, E. & Roser, M. (2013). Happiness and Life Satisfaction. Published online at Our­WorldInData.org. Retrieved from: ‘https://ourworldindata.org/happiness-and-life-satisfac­tion’ [Online Resource, details on GDP and happiness available at: https://ourworldindata.org/grapher/gdp-vs-happiness accessed November 5th 2022]

Runge, J. & Hudson, N. (2020). Public Understanding of Economics and Economic Statistics. ES­coE Occasional Paper 03

Stiglitz, J. E., Sen, A. & Fitoussi J. P. (2009). Report by the Commission on the Measurement of Economic Performance and Social Progress. Paris: Commission on the Measurement of Economic Performance and Social Progress, 2009.

UNDP (United Nations Development Programme). (2022). Human Development Report 2021-22: Uncertain Times, Unsettled Lives: Shaping our Future in a Transforming World. New York. Available at: https://hdr.undp.org/data-center/human-development-index#/indicies/HDI  [ac­cessed November 5th 2022]

Connect with us

Association of Economists and Managers of the Balkans – UdEkoM Balkan
179 Ustanicka St, 11000 Belgrade, Serbia

https://www.udekom.org.rs/home

Udekom Balkans is a dynamic non-governmental and non-profit organization, established in 2014 with a mission to foster the growth of scientific knowledge within the Balkan region and beyond. Our primary objectives include advancing the fields of management and economics, as well as providing educational resources to our members and the wider public.

Who We Are: Our members include esteemed university professors from various scientific disciplines, postgraduate students, and experts from ministries, public administrations, private and public enterprises, multinational corporations, associations, and similar organizations.

Building Bridges Together: Over the course of ten years since our establishment, the Association of Economists and Managers of the Balkans has established impactful partnerships with more than 1,000 diverse institutions across the Balkans region and worldwide.

ITEMA conference publications are licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.