TY  - JOUR
AU  - Stevanović, Simo
AU  - Milačić, Srećko
AU  - Knežević, Goranka
PY  - 2016
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/4278
AB  - Despite the constant development of the system of forecasting unpredicted events and risks, there are many economic sectors where revenues depend directly on the wheather variables. Risk management is a continuous process whose goals are to predict and stabilize cash flows and maximize profit of a company. Weather derivatives are special form of financial risk transfer instruments and they are associated with specific weather events or conditions that directly or indirectly affect the third party outcomes. Unlike traditional insurance contracts, weather derivatives are realized when the agreed time variable exceeds a predefined value for a specific period. Therefore, financial derivatives make more probable the uncertainty of future operations in terms of present actions. Market for the weather derivatives is the youngest and also the fastest growing market for financial derivatives. Insurance against weather risk primarily was applied in the energy sector. Market development and the ability to trade with weather derivatives, enabled the development of new types of weather derivatives offered to companies. These new types of derivatives provide protection not only from changes in temperature, but also from rainfall, wind intensity, humidity and pressure, cloudiness, snow melting, sea temperature, wave height etc. This paper presents a definition, classification and historical development of weather derivatives. The aim is to emphasize characteristics of this type of derivatives and their distinctive features related to weather conditions and variables. In this paper the focus is on weather derivatives used by agriculture industry whose results of operations mainly depend on weather variables.
AB  - I pored stalnog razvoja sistema predviđanja i zaštite, gotovo da ne postoji privredna grana u kojoj prihodi u manjoj ili većoj meri ne zavise od neke komponente vremenskih prilika. Upravljanje rizikom je kontinuiran proces koji ima za cilj lakše predviđanje i stabilizaciju novčanih tokova i uvećanje profita u kompaniji. Vremenski derivati, kao poseban oblik finansijskih instrumenata transfera rizika, povezani su s određenim vremenskim događajima i u ponudi su na tržištu radi zaštite od unapred definisanih vremenskih ishoda. Za razliku od klasičnih ugovora o osiguranju, oni se realizuju kada ugovorena vremenska varijabla premaši definisanu vrednost u određenom vremenskom periodu. Dakle, finansijski derivati neizvesnost budućeg poslovanja svode na 'sadašnju' poznatu ravan. Tržište vremenskih derivata je najmlađe, a ujedno najbrže rastuće tržište finansijskih derivata. Osiguranje od vremenskih rizika prvenstveno je bilo namenjeno energetskom sektoru. Razvoj tržišta i mogućnost trgovine vremenskim derivatima omogućili su razvoj novih vrsta vremenskih derivata, koji su se mogli ponuditi privrednim subjektima iz drugih grana, pružanjem zaštite ne samo od promena temperature već i od padavina, intenziteta vetra, vlažnosti i pritiska vazduha, oblačnosti, topljenja snega, temperature mora, visine talasa i drugo. U radu su izvršeni definisanje, klasifikacija i razvoj vremenskih derivata, s ciljem da se ukaže na prednosti ove vrste finansijskih derivata, u čijoj su osnovi ugovora indeksi vezani za vremenske prilike. Zbog svoje specifičnosti, posebno su analizirani vremenski derivati u poljoprivredi, kao delatnosti čija je aktivnost u najvećoj meri vezana za otvoreni prostor i zavisnost od velikog broja komponenti vremenskih prilika.
PB  - Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica
T2  - Anali Ekonomskog fakulteta u Subotici
T1  - Climatic changes and weather risk management in agriculture
T1  - Klimatske promene i upravljanje vremenskim rizicima u poljoprivredi
EP  - 27
IS  - 35
SP  - 13
UR  - https://hdl.handle.net/21.15107/rcub_agrospace_4278
ER  - 

@article{
author = "Stevanović, Simo and Milačić, Srećko and Knežević, Goranka",
year = "2016",
abstract = "Despite the constant development of the system of forecasting unpredicted events and risks, there are many economic sectors where revenues depend directly on the wheather variables. Risk management is a continuous process whose goals are to predict and stabilize cash flows and maximize profit of a company. Weather derivatives are special form of financial risk transfer instruments and they are associated with specific weather events or conditions that directly or indirectly affect the third party outcomes. Unlike traditional insurance contracts, weather derivatives are realized when the agreed time variable exceeds a predefined value for a specific period. Therefore, financial derivatives make more probable the uncertainty of future operations in terms of present actions. Market for the weather derivatives is the youngest and also the fastest growing market for financial derivatives. Insurance against weather risk primarily was applied in the energy sector. Market development and the ability to trade with weather derivatives, enabled the development of new types of weather derivatives offered to companies. These new types of derivatives provide protection not only from changes in temperature, but also from rainfall, wind intensity, humidity and pressure, cloudiness, snow melting, sea temperature, wave height etc. This paper presents a definition, classification and historical development of weather derivatives. The aim is to emphasize characteristics of this type of derivatives and their distinctive features related to weather conditions and variables. In this paper the focus is on weather derivatives used by agriculture industry whose results of operations mainly depend on weather variables., I pored stalnog razvoja sistema predviđanja i zaštite, gotovo da ne postoji privredna grana u kojoj prihodi u manjoj ili većoj meri ne zavise od neke komponente vremenskih prilika. Upravljanje rizikom je kontinuiran proces koji ima za cilj lakše predviđanje i stabilizaciju novčanih tokova i uvećanje profita u kompaniji. Vremenski derivati, kao poseban oblik finansijskih instrumenata transfera rizika, povezani su s određenim vremenskim događajima i u ponudi su na tržištu radi zaštite od unapred definisanih vremenskih ishoda. Za razliku od klasičnih ugovora o osiguranju, oni se realizuju kada ugovorena vremenska varijabla premaši definisanu vrednost u određenom vremenskom periodu. Dakle, finansijski derivati neizvesnost budućeg poslovanja svode na 'sadašnju' poznatu ravan. Tržište vremenskih derivata je najmlađe, a ujedno najbrže rastuće tržište finansijskih derivata. Osiguranje od vremenskih rizika prvenstveno je bilo namenjeno energetskom sektoru. Razvoj tržišta i mogućnost trgovine vremenskim derivatima omogućili su razvoj novih vrsta vremenskih derivata, koji su se mogli ponuditi privrednim subjektima iz drugih grana, pružanjem zaštite ne samo od promena temperature već i od padavina, intenziteta vetra, vlažnosti i pritiska vazduha, oblačnosti, topljenja snega, temperature mora, visine talasa i drugo. U radu su izvršeni definisanje, klasifikacija i razvoj vremenskih derivata, s ciljem da se ukaže na prednosti ove vrste finansijskih derivata, u čijoj su osnovi ugovora indeksi vezani za vremenske prilike. Zbog svoje specifičnosti, posebno su analizirani vremenski derivati u poljoprivredi, kao delatnosti čija je aktivnost u najvećoj meri vezana za otvoreni prostor i zavisnost od velikog broja komponenti vremenskih prilika.",
publisher = "Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica",
journal = "Anali Ekonomskog fakulteta u Subotici",
title = "Climatic changes and weather risk management in agriculture, Klimatske promene i upravljanje vremenskim rizicima u poljoprivredi",
pages = "27-13",
number = "35",
url = "https://hdl.handle.net/21.15107/rcub_agrospace_4278"
}

Stevanović, S., Milačić, S.,& Knežević, G.. (2016). Climatic changes and weather risk management in agriculture. in Anali Ekonomskog fakulteta u Subotici
Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica.(35), 13-27.
https://hdl.handle.net/21.15107/rcub_agrospace_4278

Stevanović S, Milačić S, Knežević G. Climatic changes and weather risk management in agriculture. in Anali Ekonomskog fakulteta u Subotici. 2016;(35):13-27.
https://hdl.handle.net/21.15107/rcub_agrospace_4278 .

Stevanović, Simo, Milačić, Srećko, Knežević, Goranka, "Climatic changes and weather risk management in agriculture" in Anali Ekonomskog fakulteta u Subotici, no. 35 (2016):13-27,
https://hdl.handle.net/21.15107/rcub_agrospace_4278 .

TY  - JOUR
AU  - Stevanović, Simo
AU  - Milanović, Milan R.
AU  - Milačić, Srećko
PY  - 2013
UR  - http://aspace.agrif.bg.ac.rs/handle/123456789/3248
AB  - The paper analyzes the process of the industrialization, i.e. deindustrialization of the Serbian economy in the time period after the Second World War until today. In the observed period, two contrary processes have been recorded. Until the beginning of the 1980s, the process of the accelerated industrialization of the economy was taking place. In the structure of the GDP, industry increased its share to around 44%. At the beginning of the 1990s, East European socialist countries and Serbia commenced the process of the transition of the economy and the economic system. In the starting phase of transition, all countries recorded a negative rate of their economic growth, a fall in the GDP and a reduction in the share of industry in the structure of GDP of the economy. Differently from the countries in which the negative tendencies of the economic growth were stopped in the mid-1990s, and which became the EU member countries in 2004 and 2007, the negative trend of the economic growth and the deindustrialization of the economy in Serbia continued during the first decade of the 21st century. In the previous twenty-year period, the GDP of the Serbian economy was reduced to 60% of the level of the 1990s. The 15.9% share of industry in the structure of the economy in 2009 is lower than the share of Yugoslavia's industry immediately after the Second World War (around 20%).
AB  - U radu je analiziran proces industrijalizacije, odnosno deindustrijalizacije privrede Srbije u periodu posle Drugog svetskog rata do danas. U posmatranom razdoblju zabeležena su dva suprotna procesa. Do početka osamdesetih godina u Srbiji se odvijao proces ubrzane industrijalizacije privrede. Industrija je povećala svoje učešće na oko 44% u strukturi BDP. Početkom devedesetih godina istočnoevropske socijalističke zemlje i Srbija su započele proces tranzicije privrede i privrednog sistema. U početnoj fazi tranzicije sve zemlje su zabeležile negativnu stopu privrednog rasta, pad BDP i smanjenje učešća industrije u strukturi BDP privrede. Za razliku od zemalja u kojima su negativne tendencije privrednog rasta zaustavljene polovinom devedesetih godina, a koje su 2004. i 2007. godine postale članice EU, u Srbiji je negativan trend privrednog razvoja i deindustrijalizacije privrede nastavljen i tokom prve decenije XXI veka. U prethodnom dvadesetogodišnjem periodu BDP privrede Srbije je smanjen na 60% nivoa iz devedesetih godina XX veka. Učešće industrije u strukturi privrede 2009. godine od 15,9%, niže je od učešća industrije Jugoslavije neposredno posle Drugog svetskog rata (oko 20%).
PB  - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
T2  - Ekonomika poljoprivrede
T1  - Problems of the deindustrialization of the Serbian economy
T1  - Problemi deindustrijalizacije privrede Srbije
EP  - 477
IS  - 3
SP  - 465
VL  - 60
UR  - https://hdl.handle.net/21.15107/rcub_agrospace_3248
ER  - 

@article{
author = "Stevanović, Simo and Milanović, Milan R. and Milačić, Srećko",
year = "2013",
abstract = "The paper analyzes the process of the industrialization, i.e. deindustrialization of the Serbian economy in the time period after the Second World War until today. In the observed period, two contrary processes have been recorded. Until the beginning of the 1980s, the process of the accelerated industrialization of the economy was taking place. In the structure of the GDP, industry increased its share to around 44%. At the beginning of the 1990s, East European socialist countries and Serbia commenced the process of the transition of the economy and the economic system. In the starting phase of transition, all countries recorded a negative rate of their economic growth, a fall in the GDP and a reduction in the share of industry in the structure of GDP of the economy. Differently from the countries in which the negative tendencies of the economic growth were stopped in the mid-1990s, and which became the EU member countries in 2004 and 2007, the negative trend of the economic growth and the deindustrialization of the economy in Serbia continued during the first decade of the 21st century. In the previous twenty-year period, the GDP of the Serbian economy was reduced to 60% of the level of the 1990s. The 15.9% share of industry in the structure of the economy in 2009 is lower than the share of Yugoslavia's industry immediately after the Second World War (around 20%)., U radu je analiziran proces industrijalizacije, odnosno deindustrijalizacije privrede Srbije u periodu posle Drugog svetskog rata do danas. U posmatranom razdoblju zabeležena su dva suprotna procesa. Do početka osamdesetih godina u Srbiji se odvijao proces ubrzane industrijalizacije privrede. Industrija je povećala svoje učešće na oko 44% u strukturi BDP. Početkom devedesetih godina istočnoevropske socijalističke zemlje i Srbija su započele proces tranzicije privrede i privrednog sistema. U početnoj fazi tranzicije sve zemlje su zabeležile negativnu stopu privrednog rasta, pad BDP i smanjenje učešća industrije u strukturi BDP privrede. Za razliku od zemalja u kojima su negativne tendencije privrednog rasta zaustavljene polovinom devedesetih godina, a koje su 2004. i 2007. godine postale članice EU, u Srbiji je negativan trend privrednog razvoja i deindustrijalizacije privrede nastavljen i tokom prve decenije XXI veka. U prethodnom dvadesetogodišnjem periodu BDP privrede Srbije je smanjen na 60% nivoa iz devedesetih godina XX veka. Učešće industrije u strukturi privrede 2009. godine od 15,9%, niže je od učešća industrije Jugoslavije neposredno posle Drugog svetskog rata (oko 20%).",
publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt",
journal = "Ekonomika poljoprivrede",
title = "Problems of the deindustrialization of the Serbian economy, Problemi deindustrijalizacije privrede Srbije",
pages = "477-465",
number = "3",
volume = "60",
url = "https://hdl.handle.net/21.15107/rcub_agrospace_3248"
}

Stevanović, S., Milanović, M. R.,& Milačić, S.. (2013). Problems of the deindustrialization of the Serbian economy. in Ekonomika poljoprivrede
Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 60(3), 465-477.
https://hdl.handle.net/21.15107/rcub_agrospace_3248

Stevanović S, Milanović MR, Milačić S. Problems of the deindustrialization of the Serbian economy. in Ekonomika poljoprivrede. 2013;60(3):465-477.
https://hdl.handle.net/21.15107/rcub_agrospace_3248 .

Stevanović, Simo, Milanović, Milan R., Milačić, Srećko, "Problems of the deindustrialization of the Serbian economy" in Ekonomika poljoprivrede, 60, no. 3 (2013):465-477,
https://hdl.handle.net/21.15107/rcub_agrospace_3248 .