As the above figures show the gdp of serbia increased

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As the above figures show, the GDP of Serbia increased by 35.45% between 2006 and 2014. According to data released by the Statistical Office of the Republic of Serbia, for the years between 1995 and 2005, the GDP had declined by 20.04% [Sta17]. Therefore, it is a reasonable assumption that the introduction of the Subotica Business Incubator, and similar business models throughout Serbia, had a positive impact on the economy of Serbia, and therefore serves to improve the economic stability and development of Serbia. According to the Labour Force Survey for the fourth quarter of 2017, unemployment rate has dropped from 21.3% in the first quarter of 2014 to 14.7% in the fourth quarter of 2017 [Sta16].Therefore, there has been a substantial decrease in unemployment from 2014-2017, however there is insufficient evidence to create a causal link between the Subotica Business Incubator and the decrease in unemployment rate. References Caddy, I. & Mortimer, D., 2012. 'Solving' unemployment: an analysis of two Australian policy initiatives. International employment relations review, 18(2), pp. 55-73.
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Cardenas-Garcia, P. J. & Pulido-Fernandez, J. I., 2017. Tourism as an economic development tool. Key factor.. Current Issues in Tourism, pp. 1-27. Carlos Diaz Casero, J. et al., 2013. Institutional Variables, Entrepreneurial Activity and Economic Development. Management Decision, 51(2), pp. 281-305. Hisrich, R. D., 2016. Business Incubator Subotica. In: International Entrepreneurship. s.l.:SAGE Publications, pp. 210-220. Muske, G. & Woods, M., 2004. Micro Businesses as an Economic Development Tool: What They Bring and What They Need. Comunity Development Society, 35(1), pp. 97-116. Statistical Office of the Republic of Serbia, 2017. National Accounts. [Online] Available at: [Accessed 10 March 2018]. Statistical Office of the Republic of Serbia, 2018. Employment and Earnings. [Online] Available at: [Accessed 11 March 2018].
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