Journal of Economics

Journal Editors and Introduction

Mila Mitreva — 2024-05-23

AI impact on traditional credit scoring models

Zoran Temelkov — 2024-05-23

Credit scores are an integral part of a bank's lending process because they provide insight into the creditworthiness of each borrower. The traditional credit scoring models offer a standardized approach, but they come with certain shortcomings. AI and machine learning credit scoring models overcome the negative aspects of traditional models while offering banks and borrowers more accurate techniques for risk assessment. Even though AI-powered models are superior to the traditional, they do come with certain challenges related to potential bias, transparency, privacy, and regulatory compliance. It is anticipated that in the future, hybrid credit scoring models will most likely be developed by banks in their efforts to emphasize the advantages and reduce or eliminate the shortcomings of the different models.

Analysis of the circular economy of Serbia based on the Cobra method

Radojko Lukic — 2024-05-23

Recently, the problem of the circular economy has been very topical. In the literature, it is investigated from different angles. This study analyzes the problem of the circular economy in Serbia based on the COBRA method. The results of the COBRA method show that the best performance of the circular economy in Serbia was in 2021. The worst was in 2016. Recently, generally speaking, the performance of the circular economy in Serbia has been improving. To improve the performance of the circular economy in Serbia, it is necessary to have a continuous, adequate action plan to manage the recycling of municipal waste, production of municipal waste, dependence on the import of materials, resource productivity, and energy from renewable sources as efficiently as possible. Likewise, other relevant factors. There is no doubt that the increasing application of the circular economy principle contributes significantly to the preservation of the environment in Serbia.