Skoči na glavni sadržaj

Izvorni znanstveni članak

https://doi.org/10.1080/1331677X.2018.1498009

Economic development of the Western Balkans and European Union investments

Goran Popović orcid id orcid.org/0000-0003-4649-8302 ; Faculty of Economics, University of Banja Luka, Banja Luka, Bosnia and Herzegovina
Ognjen Erić ; Krajinapetrol J.S.C, Banja Luka, Bosnia and Herzegovina


Puni tekst: engleski pdf 1.475 Kb

str. 1539-1556

preuzimanja: 1.042

citiraj


Sažetak

Long-run economic growth represents a precondition for the development
of the Western Balkans countries. Continuous investments
are required to achieve high rates of economic growth, while
investments sources are national savings and foreign investments.
The national savings level in the Western Balkans (W.B.) is not sufficient
to finance radical changes, so external sources, in particular
foreign direct investment (F.D.I.), are necessary for the development,
as well as the official development assistance (O.D.A.). In view of
the European intentions for the Western Balkans Region and the
level of economic relations with the European Union, this paper
seeks to explore the European Union (E.U.) investments and W.B.
development. Results of the panel analysis and V.A.R. model show a
statistically significant relationship between G.D.P. per capita and
the length of the road network and E.U. investments. This confirms
the significance of these development variables for the inflow of
investment from the E.U. Panel analysis, explanatory variables of
trade openness and signing of the Stabilisation and Association
Agreement with the E.U. did not prove to be significant for E.U.
investments inflow. A statistically significant relationship does not
exist between the unit labour costs and investments from the E.U.
when applying a causality test.

Ključne riječi

Economic development; E.U. investment; panel analysis; V.A.R. model and causality test; Western Balkans

Hrčak ID:

209135

URI

https://hrcak.srce.hr/209135

Datum izdavanja:

3.12.2018.

Posjeta: 1.505 *