Search

The aim of this paper is to emphasize the necessity of reindustrialization of the Serbian economy. In order to ensure the preservation of the economy in terms of substantially altered external environment, first of all, it is necessary to consolidate the existing state and to ensure the growth of industrial production. This can be achieved by focusing resources primarily on the following industries: petrochemical, agro-industry, automotive industry, textile industry, and building materials industry. However, to ensure long-term sustainability of the Serbian economy, as soon as an acceptable level of growth in industrial production is reached, it will be necessary to enter the next phase - development of the Serbian industry based on knowledge and modern technologies.

Some growth models mark energy consumption as the cause, while others mark it as a consequence of economic growth. Empirical research serve as the grounds to determine these relationships in the conditions of modern energy resource market in the countries characterized by different levels of development and energy intensity. Our goal in this work is to use the hypotheses of various growth models and the findings of different empirical research in defining the role of energy supply in the post-crisis model of development in Serbia. The role of energy will be analyzed in terms of both the responsibility of the policy makers in the field of ensuring the energy security of the country and the investments as one of the economic growth drivers.