Impact of Exports on Economic Growth in Bosnia and Hercegovina

Gojković, Biljana; Krajišnik, Milenko; Josipović, Sonja; Popović, Sanja

doi:10.7251/ace2032059k

Cited by 2 publications

(3 citation statements)

References 10 publications

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“…This conclusion is in accordance with results of Bojat, Kovačević and Kurušić (2021) who showed that economic openness, primarily through export-oriented policies, contributes to real GDP growth in the long term, while the impact of the share of imports in the domestic product is negatively correlated with GDP. Also, our results are in line with the results showed in Krajišnik et al (2020) who emphasized the importance of export structure for the economic growth.…”

Section: Discussionsupporting

confidence: 93%

“…The results showed that economic openness, primarily through export-oriented policies, contributes to real GDP growth in the long term, while the impact of the share of imports in the domestic product is negatively correlated with GDP. Krajišnik, Gojković, Josipović and Popović (2020) investigated the impact of export structure on the economic growth of Bosnia and Herzegovina. This research showed that there is a bad structure of foreign trade production, and that it is necessary to improve the export performances of the economy of Bosnia and Herzegovina in order to reduce the foreign trade deficit.…”

Section: Literature Reviewmentioning

confidence: 99%

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Foreign Trade as a Determinant of Economic Growth of the Republic of Srpska: An Empirical Analysis

Kovačević

Amidžić

Kurušić

2022

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Most studies that investigate the relationship between foreign trade and economic growth analyze it through the interpretation of various indicators. This paper seeks to investigate the relationship between coverage of imports by exports and the openness to foreign trade on one hand and the gross domestic product of the Republic of Srpska on other hand. The research relates to the period from 2001 to 2020. By applying the ARDL model we confirmed the initial hypothesis that an increase in the coverage of imports by exports increases the domestic product. The paper confirms the long-term relationship between independent and dependent variables, expressed through the existence of the cointegration equation. Results based on the applied ARDL method show negative, but insignificant relationship between openness and gross domestic product in the Republic of Srpska in long run, and statistically significant positive relationship between coverage of imports by exports and gross domestic product in long run. Value of coefficient shows that 1% increase in coverage of imports by exports increases gross domestic product by 0.80% in long run.

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Section: Discussionsupporting

confidence: 93%

Section: Literature Reviewmentioning

confidence: 99%

Foreign Trade as a Determinant of Economic Growth of the Republic of Srpska: An Empirical Analysis

Kovačević

Amidžić

Kurušić

2022

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“…The results showed that economic openness, primarily through export-oriented policies, contributes to real GDP growth in the long term, while the impact of the share of imports in the domestic product is negatively correlated with GDP. Krajišnik et al (2020) investigated the impact of export structure on the economic growth of Bosnia and Herzegovina. This research showed that there is a bad structure of foreign trade production, and that it is necessary to improve the export performance of the economy of Bosnia and Herzegovina in order to reduce the foreign trade deficit.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Trade Openness, Human Capital Through Innovations on Economic Growth: Case of the Balkan Countries

Kurteš

Amidžić

Kurušić³

2023

Economics

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The importance of trade openness and human capital for the economic growth of countries is the subject of many studies today. The role of innovations and the innovativeness of economies in modern economic development is extremely important. With greater accumulation of human capital, knowledge, skills and innovation are accumulated. All these variables are crucial for achieving higher economic growth. Special attention in the studies of relevant authors is directed towards researching this relationship on the example of small open economies, as well as developing countries. The purpose of this paper is to examine the relationship between trade openness and human capital as explanatory variables and GDP as a dependent variable in a sample of eight Balkan countries. The goal of the research is to quantify the relationship between two independent variables and GDP as a dependent variable. The period in which we observe this relationship covers the period from 2000 to 2019. Achieving the research objective is done on the basis of a panel model with fixed and random effects. The results of the panel research testify to the existence of a positive relationship between trade openness and human capital as independent variables and GDP as a dependent variable. Calculated coefficients with independent variables were obtained with a high level of statistical significance. The conclusion of the research implies that there is a positive impact of trade openness and human capital on GDP.

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Impact of Exports on Economic Growth in Bosnia and Hercegovina

Cited by 2 publications

References 10 publications

Foreign Trade as a Determinant of Economic Growth of the Republic of Srpska: An Empirical Analysis

Foreign Trade as a Determinant of Economic Growth of the Republic of Srpska: An Empirical Analysis

Impact of Trade Openness, Human Capital Through Innovations on Economic Growth: Case of the Balkan Countries

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