Preliminary communication
https://doi.org/10.22598/iele.2023.10.1.5
THE EFFECTS OF THE WAR IN UKRAINE ON THE ECONOMIC PERFORMANCE OF WESTERN BALKAN COUNTRIES
Shkumbin Misini
orcid.org/0000-0001-6873-7672
; AAB College, Pristina, Kosovo
Gëzim Tosuni
orcid.org/0000-0002-3319-584X
; University Kadri Zeka, Gjilan, Kosovo
Abstract
This paper will analyze the economic performance of six Western Balkan countries. The intention is to utilize the index of economic performance for each country in this region. The analysis will look at the data for the past decade (2010-2022). In addition, secondary data available from publically available databases have been included in this analysis. EPI is constructed by using important macroeconomic indexes such as unemployment, inflation, budget deficit, and annual growth. Also, this paper will analyze the impact that the war in Ukraine has had in affecting the economic performance of Western Balkans countries. To do this, graphs, descriptive statistics, and regression models have been used. In line with conventional wisdom, the results show that countries with lower unemployment have performed better than the countries with higher unemployment rates. Contrary to expectations, higher growth rates have not translated to better performance, as well as increased public borrowing has not correlated to better performance.
Keywords
EPI; inflation; unemployment; public debt; economic growth
Hrčak ID:
305531
URI
Publication date:
30.6.2023.
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