Regional development in the Western Balkans through the support of EU projects

Tošović-Stevanović, Aleksandra; Ristanović, Vladimir

doi:10.5937/megrev1602175t

Cited by 3 publications

(2 citation statements)

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“…Regional cooperation is of great importance for Balkans and the EU, because this cooperation is the only hope for lasting economic stability. The deeper this cooperation is, the closer and faster the integration into the EU will be, given the fact that the countries of this region cannot integrate into the EU without resolving their politics disputes [9]. Regional cooperation, despite the progress noted over the years, has been characterized by numerous obstacles such as old and unresolved ethnic conflicts, governments not powerful in addressing and fulfilling the needs of the peoples of these countries, etc.…”

Section: Regional Cooperation As the Key To Peace And Development In ...mentioning

confidence: 99%

Regional Cooperation and Free Trade Agreements in Western Balkans: Opportunities and Obstacles

Leka¹,

Daku²,

Jusufi³

2022

IJSDP

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Regional cooperation between the countries of the Western Balkans and free trade between this region and the EU is thought to create development opportunities for this region. However, in a region with political challenges and historical problems such as the Western Balkans, it is problematic to achieve these goals as a result of political and historical obstacles. To strengthen regional cooperation, the EU supported the Balkan region with Bilateral Free Trade Agreements, Generalized Trade Preferences, CEFTA 2006 and finally, SAAs. This paper through the Gravity model provides evidence that in the Western Balkans, free trade agreements have had a greater impact on law reform than economic sustainability and trade promotion. Also, unless political and historical disputes are resolved, especially between Kosovo and Serbia, none of the trade agreements can deepen regional cooperation in this ethnically troubled region. So, these are some of the obstacles that hinder the development opportunities of the Western Balkans.

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Section: Regional Cooperation As the Key To Peace And Development In ...mentioning

confidence: 99%

Regional Cooperation and Free Trade Agreements in Western Balkans: Opportunities and Obstacles

Leka¹,

Daku²,

Jusufi³

2022

IJSDP

View full text Add to dashboard Cite

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“…As a result of the bitter past, these countries have suffered greatly. Therefore, The European Union (EU) has contributed to the integration and regional reconciliation of these countries in order to achieve social and economic development through different programmes (Tošović-Stevanović and Ristanović, 2016;Ajdarpašić and Qorraj, 2019). This multiyear investment of the European Union (EU) has influenced the increase of administrative, human and financial capacities of the countries of this region .…”

Section: Introductionmentioning

confidence: 99%

Impact of Fiscal Policies on Western Balkan SMEs’ Growth: Evidence from Kosovo

Jusufi

Gashi-Sadiku

2020

CEPAR

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This paper analyses the impact of fiscal policies on increasing the capacity of SMEs from the manufacturing sector in the Western Balkans, with particular emphasis on those in Kosovo. To achieve empirical results, the data obtained from the opinions of the 100 analysed SMEs were processed through logistic regression. The SPSS statistical software was also used for these statistics. Based on literature review and empirical results, it has been concluded that fiscal policies have an impact on Kosovo SMEs growth. Also in Kosovo and in other Western Balkan countries, fiscal policies and packages have been adopted to support SMEs and have had a significant effect on their activities. Despite the fact that under normal circumstances fiscal support for SMEs has been provided by the governments of these countries, in the near future there should be greater fiscal support to SMEs by means of fiscal incentives due to the devastating effects of the COVID 19 pandemic on each country’s economy.

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Does economic globalization trigger de‐industrialization in Western Balkan countries? Empirical evidence based on augmented mean group estimator

Cengiz

Manga

2024

Regional Science Policy & Practice

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Integration into the global economy can cause shifts in industries and decrease the industrial sector's share. Deindustrialization, which refers to declining industry share, is commonly observed in developed countries. However, many developing countries have also experienced deindustrialization without attaining a high economic level in the era of globalization. Since transitioning to a market economy and integrating with the European Union (EU), deindustrialization has become a significant issue for Western Balkan countries. Thus, our paper analyzes the impact of economic globalization on the deindustrialization process in five Western Balkan countries: Albania, Bosnia and Herzegovina, Montenegro, North Macedonia, and Serbia by using panel data spanning 2000–2019. Our study involved the creation of two models utilizing the augmented mean group (AMG) estimation method to ensure precise results. Our research shows that in model I, the economic globalization index, economic growth, capital investment, and the rule of law positively impact industry employment share. In model II, trade openness and economic growth positively affect manufacturing value‐added; however, capital investment and the rule of law have a negative impact. Our findings indicate that economic globalization promotes industrialization in the Western Balkans instead of leading to deindustrialization. The panel causality results from Dumitrescu–Hurlin indicate that in model I, there is a one‐way causal relationship going from economic globalization and capital investment to the share of industry employment. In model II, the causal relationship goes from economic growth and the rule of law to manufacturing value‐added, from manufacturing value‐added to trade openness and capital investment.

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Regional development in the Western Balkans through the support of EU projects

Cited by 3 publications

References 0 publications

Regional Cooperation and Free Trade Agreements in Western Balkans: Opportunities and Obstacles

Regional Cooperation and Free Trade Agreements in Western Balkans: Opportunities and Obstacles

Impact of Fiscal Policies on Western Balkan SMEs’ Growth: Evidence from Kosovo

Does economic globalization trigger de‐industrialization in Western Balkan countries? Empirical evidence based on augmented mean group estimator

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