Competitiveness, Trade with the EU and Labour Markets: Challenges for the Western Balkans

Botrić, Valerija; Broz, Tanja

doi:10.1515/jeb-2016-0008

Cited by 6 publications

(4 citation statements)

References 27 publications

(18 reference statements)

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“…According to official data published by Eurostat (2010), WBs mainly export goods and products derived from natural resources, and import capitalintensive products. The WBs export resources and labor-intensive products, whereas their imports are mainly focused on heavy industry products (Botrić, 2012). At the same time, the the most significant influx of FDI into the WBs originates from the EU.…”

Section: Literature Reviewmentioning

confidence: 99%

Effects of sectoral structure of foreign direct investment on economic development: The case of European developing countries

Despotović,

Dimitrijević,

Savićević

2024

Serb J Management

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The inflow of foreign capital from multinational companies from all over the world, in the form of foreign direct investments (FDI), intensified economic dynamics and contributed to the improvement of macroeconomic performance. In certain economic sectors and activities, FDI has become the carrier of economic growth, encouraged by intensive processes of deindustrialization and reindustrialization. Namely, FDI can have both positive and negative impact on economic growth and development. This depends on the ability of the economic sectors to overcome the negative effects of FDI in a certain period of time, which can only be achieved if the sectors are exportoriented and introduce new technologies into their operations, thereby increasing productivity and competitiveness. Ordinary Least Squares (OLS) panel regression showed this was not the case in the primary and secondary sectors in the countries of Central and Eastern Europe (CEE) and the Western Balkans (WBs), which are still predominantly labor-intensive and therefore have a negative impact on economic development. As opposed to the agricultural and industrial sectors, the services, under the influence of technological progress, is profiled as a capital-intensive sector with a statistically significant positive impact on economic growth and development.

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Section: Literature Reviewmentioning

confidence: 99%

Effects of sectoral structure of foreign direct investment on economic development: The case of European developing countries

Despotović,

Dimitrijević,

Savićević

2024

Serb J Management

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“…Data analyses of pairwise convergence is quite poor. Botrić (2013) is the only researcher who adapted the pairwise method for WB countries. Despite interesting results, pair-wise unit root tests have been performed between GDP per capita of each WB country and average EU-15 by using WIIW database.…”

Section: Convergence Literature and Findings For Wb Countriesmentioning

confidence: 99%

Testing Pair-Wise Convergence of Western Balkan and European union Countries

Duro,

Kokaveshi,

Muço

2023

EJSD

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The present research performs the GDP per capita convergence analyses of Western Balkan (WB) countries to European Union (EU) countries. There are few testing convergence methods based on theoretical insights on the neoclassical model, however pairwise convergence method doesn’t seem usually applied in the case of WB and EU countries. The test of convergence hypothesis in this research is based on the GDP per capita’s data, constant 2017 international $ in PPP terms, made available by the World Bank. The pairwise convergence test suggested here can be considered as an extension of Webber and While (2003, 2004, 2009) methodology. The outcomes have been compared to Bernard, Durlauf (1995) and Pesaran (2006) methodology of the pairwise convergence, by adapting ADF time series tests of the stationarity. In conclusion, despite to the controversy of one pair case, the comparative process of both methods seems to be aligned. However, further investigation needs to be performed to confirm the effectiveness and efficiency of this suggestion. Keywords: GDP per capita, pairwise convergence, Western Ballkan countries, methodology

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“…The problem of ensuring the competitiveness of a national economy has been studied considerably in terms of world economic theory and practice for nearly three decades now by well-known practitioners such as Botrić & Broz (2016), Bris (2014), Olczyk (2016), Porter (1993), Reinert (2007), Sachs (2000), Sachs & Larrain (1993). Therefore, a significant theoretical basis has been established regarding the determination of key aspects of competitiveness, instrumental factors, indicators of evaluation, etc.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

The Interrelation between Economic Growth and National Economic Competitiveness: The Case of Ukraine

Fyliuk¹,

Honchar²,

Kolosha³

2019

JOC

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Globalization causes large-scale changes in technological, economic, political and social fields of social development. These changes have a contradictory impact on the development of national economies and their competitiveness. Ceteris paribus, there is a tight interrelation between country's economic competitiveness and a rate of its economic growth: the higher the rates of economic growth in the country, the bigger chance for growth in its national competitiveness and vice versa. Various indicators can be used characterize and estimate a country's competitiveness, with parameters featured in the Global Competitiveness Index (GCI) playing a special role. This index is to some extent abstract, and provides only general idea about the type competitiveness formation of a country. It does not allow estimations regarding trends in economic development, as it aggregates 114 indicators which have multidirectional impacts. The key characteristic of national economic competitiveness is a particular country's ability to achieve steady high growth rates (World Economic Forum). For this reason, we suppose that the one of the main indicators of competitiveness level is GDP per capita, a factor reflects consumption volumes per capita and is highly correlated with the welfare level in the country. The purpose of this research is a comparative analysis of the competitiveness of the Ukrainian economy along with the population's standard of living with that of other countries, along with the reasoning for the assumption that economic growth rates are necessary for Ukraine to achieve the competitiveness level of other developed countries. We argue that Ukraine and other countries with an average income of 8000-9000 US dollars GDP per capita (PPP) annually should ensure an annual relative growth acceleration of at least 8% to achieve the level of economic development of more highly developed countries.

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Competitiveness, Trade with the EU and Labour Markets: Challenges for the Western Balkans

Cited by 6 publications

References 27 publications

Effects of sectoral structure of foreign direct investment on economic development: The case of European developing countries

Effects of sectoral structure of foreign direct investment on economic development: The case of European developing countries

Testing Pair-Wise Convergence of Western Balkan and European union Countries

The Interrelation between Economic Growth and National Economic Competitiveness: The Case of Ukraine

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