IMPACT OF EXPORTS ON ECONOMIC GROWTH IN BOSNIA AND HERCEGOVINA

  • Milenko Krajišnik University of Banja Luka, Faculty of Economics
  • Biljana Gojković Fiscal Council of Republika Srpska
  • Sonja Josipović University of Belgrade, Faculty of Mechanical Engineering
  • Sanja Popović Fiscal Council of Republika Srpska
Keywords: foreign trade, exports, economic growth, GDP, Bosnia and Herzegovina

Abstract

The importance of foreign trade and its impact on the economic growth have been the subject of numerous studies. There is no doubt that exports have a multiplier effect on the growth of gross domestic product, but economists are constantly interested in what the foreign trade multiplier is and why it is not higher. This paper deals with the analysis of foreign trade of Bosnia and Herzegovina, its geographical and production structure and concentration, as well as the causes of high and continuous deficits. The analysis indicates potential opportunities to improve the poor production structure of foreign trade and ways in which foreign trade, and especially exports, could increase in order to improve the foreign trade balance. The analysis is especially focused on determining the foreign trade multiplier, and the results show the great importance of exports for economic growth. It also aims to emphasise how to improve export potential of Bosnia and Herzegovina in the future.

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Published
2020-06-30
How to Cite
Krajišnik, M., Gojković, B., Josipović, S., & Popović, S. (2020). IMPACT OF EXPORTS ON ECONOMIC GROWTH IN BOSNIA AND HERCEGOVINA. Acta Economica, 18(32), 59-84. https://doi.org/10.7251/ACE2032059K
Section
Original Scientific Papers

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