ECONOMICS, BROJ 20. JUN 2023.
PUBLISHED BY: Oikos Institute – Research Center Bijeljina
FOR THE PUBLISHER: PhD Zoran Mastilo, Director
EDITOR IN CHIEF: PhD Stelios Bekiros – Malta
ASISTANT EDITORS IN CHIEF:
PhD Dragana Radičić – United Kingdom
PhD Petar Đukić – Serbia
PhD Adis Puška – Bosnia and Herzegovina
CO-EDITORS:
Dejan Mastilo, Oikos Institute Bijeljina
Vesna Miletić, Oikos Institute Bijeljina
Andrea Mastilo, Royal Russell London
EDITORIAL BOARD:
Bosnia and Herzegovina: PhD Bojan Baškot, PhD Mladen Rebić, PhD Goran Popović, PhD Armina Hubana, PhD Jamila Jaganjac, PhD Slobodan Subotić, PhD Ognjen Erić,
PhD Andrijana Mrkaić – Ateljević, PhD Zdravko Todorović, PhD Branislav Mašić, PhD Željko Račić, PhD Zoran Mastilo
INTERNATIONAL BOARD:
Israel: PhD Gil S. Epstein, PhD Andrey Kudryavtsev; Greece: PhD Phoebe Koundouri, PhD Konstantinos N. Malagas, PhD Constantinos Challoumis, PhD Andreas Papatheodoru; Poland: PhD Andrzej Niemiec, PhD Piotr Wisniewski; Japan: PhD Taro Abe;New Zealand: PhD Mohammad Saud Khan, PhD Tauisi Taupo; Republic of China: PhD Hamid Khurshid, PhD Tafazal Kumail, PhD Zhou Bin; United States: PhD Jason Patalinghug, PhD Tom Gillpatrick, PhD Leland Buddress, PhD Roofia Galeshi, PhD Jason Caudill, PhD Hugh J. Ault, PhD Richard J. Fast, PhD Cevat Tosun; Serbia: PhD Nikola Fabris, PhD Petar Vrgović, PhD Kristijan Ristić, PhD Snežana Milićević, PhD Drago Cvijanović, PhD Snežana Radukić, PhD Zorana Kostić; Brasil: PhD Arcione Ferreire Viagi, PhD Fabio Albergaria de Queiroz; Germany: PhD Willy Legrand, PhD Tristan Nguyen; Australia: PhD Alberto Posso; South Korea: PhD Bipithalal Balakrishnan Nair; Taiwan: PhD Shu Lung Kuo; Canada: PhD Iqtidar Shah; United Kingdom: PhD Christopher Hartwell, PhD Denis Hyams-Ssekasi, PhD Lorenzo Trapani, PhD Tarek Abdel Fattah; Switzeralnd: PhD Isabelle Collet; Austria: PhD Ahu Genis – Gruber, Singapore: PhD Zsuzsa Reka Huszar; Spain: PhD Elena De la Poza, PhD Maria – Dolores Guillamon; PhD Francisco Jose Garcia Gonzalez; Portugal: PhD Joao Paulo Vieito; Italy: PhD Ubaldo Comite, PhD Marco Valeri, PhD Leslie Fadlon, PhD Alberto Celani, PhD Gianluca Mattarocci, PhD Marcello Signorelli; Ukraine: PhD Semenenko Tetiana, PhD Olha Komelina, PhD Liudmyla Yurchyshena, PhD Katerina Kovtoniuk, PhD Ellana Molchanova, PhD Tetiana Paientko, PhD Iryna Lytvynchuk, PhD Viktor Koziuk, PhD Oleksandr V. Dluhopolskyi; Hungary: PhD Andrea Szalavetz; Scotland: PhD Kieran James; Sweden: PhD Christer Thornqvist; Finland: PhD Spyros Hirdaris Ceng FRINA; Czech Republic: PhD Lucie Andreisova, PhD Martina Blaškova; Cyprus: PhD Eirini Daskalaki; Turkey: PhD Huseyin ISIKSAL, PhD Metin Toprak, PhD Zeki Atil Bulut, PhD Feden KoC, PhD Zafer Oter, PhD Emrah Gulay; Slovakia: PhD Ivan Brezina; Russia: PhD Elena A. Okunkova, PhD Oleg Roy, PhD Perepelkin Vyacheslav; Bulgaria: PhD Venelin Terziev, PhD Julia Stoyancheva Stefanova, PhD Marin Petrov Georgiev; India: PhD Ray Titus, PhD Rudrarup Gupta; PhD Sandeep Kumar, PhD Brijendra Singh Yadav, PhD Raul Villamarin Rodriguez, Oman: PhD Mythili Kolluru, PhD Vidya Suresh; Romania: PhD Alexadru Nedelea, PhD Rocsana B. Manea Tonis, PhD Manuela Rozalia Gabor; Croatia: PhD Zoran Wittine, PhD Anita Čeh Časni, PhD Kosjenka Dumančić, PhD Lorena Škuflić; Montenegro: PhD Boban Melović, PhD Milivoje Radović, PhD Rade Ratković, PhD Ivo Županović; PhD Darko Lacmanović, PhD Anđelko Lojpur; Macedonia: PhD Predrag Trpeski; Moldova: PhD Corina Gribincea, PhD Marica Dumitrasco; South Africa: PhD Sanja Bauk; Saudi Arabia: PhD Bashar Almansour; PhD Yassin Eltahir; PhD Abu Umar Faruq Ahmad; PhD Melfi Alrasheedi; Slovenia: PhD Andrej Raspor, PhD Marjana Merkac Skok, PhD Marija Bogataj; Iran: PhD Gholamreza Jandaghi; Algeria: Isak Kherchi; Belarus: PhD Oksana Koshulko; Sri Lanka: PhD Ahamed Lebbe Mohamed Aslam, PhD Nisanttha Kurukulasooriya A.; Indonesia: PhD Teguh Sugiarto; Egypt: PhD Ahmed Mohamed Elbaz; PhD Azza Mohamed Kamal; Uganda: PhD Micahel Okoche; Morocco: PhD Fouzi Belmir; Ethiopia: PhD Dereje Teklemariam; Bahrain: PhD Adel M. Sarea, PhD Naji Mansour Nomran; Nigeria: PhD Bhola Khan; The United Arab Emirates; PhD Ana Stranjančević, PhD Ulas Rao, PhD Jelena Janjušević; Pakistan: PhD Ali Ahmad Bodla; Republic of Uzbekistan: PhD Dang Rui; Republic of Cameroon: PhD Alain Aime Ndedi; Jordan: PhD Bashar Almansour; Fiji: PhD Ranasinghe Amaradasa; Albania: PhD Brilanda Bushati, PhD Elidiana Bashi; Tailand: PhD Napat Harnpornchai
TECHNICAL EDITOR AND GRAPHIC DESIGN:
Borjan Divljanović, Graphic studio PIXEL – 76 300 Bijeljina, BiH
TRANSLATION TO ENGLISH:
PhD Zorana Kostić
PAPERS PUBLISHED IN “ECONOMICS“ JOURNAL ARE ABSTRACTED AND INDEXED BY:
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TDNet; Ulrich’s Periodicals Directory/ulrichsweb; WanFang Data; WorldCat (OCLC); X-MOL
ADRESS OF THE EDITORIAL BOARD:
Neznanih junaka 9-11
76300 Bijeljina
Republic of Srpska
Bosnia and Herzegovina
e-mail: editorial.papers.economics@gmail.com
Web site: www.oikosinstitut.org/economics.html
www.economicsrs.com
https://content.sciendo.com/view/journals/eoik/eoik-overview.xml
Bank account: 555-000-000-4916269, Nova banka, Filijala Bijeljina
Foreign currency account: 555-00000-159-967-73
ID: 44035724600004
PRINTED BY:
Mojić, d.o.o Bijeljina
Number of copies: 300 copies
KATALOGIZATION:
Printed issue: ISSN 2303-5005
Online issue: E-ISSN 2303-5013
Desicion of the Ministry of Education and Culture of the Republic of Srpska No.: 07.061-053-52-12/13, od 10.12.2013, The Journal “Economics“ entered in the
Register of Public Media as item No. 645
ECONOMICS JOURNAL, ISSUE 20. ENTIRE EDITION