o:28524 Industrial policy and state incentives in Serbia en Abstract: Activities resulting from industrial policy are economically justified under certain circumstances. Focusing on the neoclassical case for industrial policy, a number of market failures can justifiably prompt the public sector to intervene in the process of allocating resources among economic activities or sectors. State incentives are an integral part of industrial policy and belong to the measures that the state uses to affect the market position of individual enterprises. They have to be applied very carefully, taking into account their positive and negative sides. One of the main reasons for justification of state investment incentives is their direct effect on the increase in investment volume, employment growth and the creation of a more attractive business environment for both domestic and foreign investors. The analysis in this paper is dedicated to identifying the factors most affected by state aid in 72 successfully completed projects for attracting investments in the industry of Serbia from 2006 to March 2017. The research used the Delphi method, as a technique of forming expert group opinion. After a short review of the size and structure of state incentives in the Republic of Serbia, an explanation of the detailed methodological research procedure follows. Keywords: industrial policy; state incentives; effects of industrial policy; Delphi method 1552099 10.5937/EKOPRE1904261S 1552101 0353-443X 2023-03-31T09:57:40.467Z 44 no 46 Ljubodrag Savić Univerzitet u Beogradu Ekonomski fakultet 12446567 Milena Lutovac Univerzitet u Beogradu Ekonomski fakultet person 15640679 0000-0003-1932-071X application/pdf 254523 https://phaidrabg.bg.ac.rs/o:28524 no yes 1 70 92000001 11A03 Ekonomika preduzeća 67 3-4 261 272 2019