Original scientific paper
https://doi.org/10.51680/ev.34.1.1
Analysis of factors affecting the savings of private profit companies in Bosnia and Herzegovina expressed in relative amount of GDP by applying the ARDL methodology
Irma Đidelija
; University “Džemal Bijedić” in Mostar, Faculty of Economics in Mostar, Mostar, Bosna & Herzegovina
Abstract
Purpose: This paper is aimed at analyzing one component of private savings and its factors, namely the savings of private profit companies.
Methodology: An analysis was conducted of the savings of the private profit companies in Bosnia and Herzegovina (BiH), which, viewed as the sum of savings and time deposits, recorded a cumulative growth of 78.72% until the outbreak of the global financial crisis. In order to examine what factors favored such positive developments the ARDL methodology was applied.
Results: The variables that statistically significantly affect the savings of private profit companies in BiH are GDP growth rate, deposit interest rate, money supply in % of GDP and current account balance in % of GDP (marginally significant at 6% significance level).
Conclusion: The methodology applied confirmed the hypothesis of the paper, which proposes that the savings of private profit companies in BiH are significantly influenced by variables of the financial type.
Keywords
savings of private profit companies; private profit companies’ savings factors; ARDL methodology
Hrčak ID:
259820
URI
Publication date:
16.6.2021.
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