EU ACCESSION PROCESSES AND CANDIDATE STATUS – OPPORTUNITY FOR GROWTH? – CASE OF WESTERN BALKAN COUNTRIES Cover Image

PROCESI PRISTUPANJA EU I KANDIDATSKI STATUS – PRILIKA ZA RAST? – PRIMJER ZEMALJA ZAPADNOG BALKANA
EU ACCESSION PROCESSES AND CANDIDATE STATUS – OPPORTUNITY FOR GROWTH? – CASE OF WESTERN BALKAN COUNTRIES

Author(s): Jelena Jurić, Marko Barbarić, Nikola Škobić
Subject(s): Economy, Supranational / Global Economy, EU-Accession / EU-DEvelopment
Published by: Ekonomski fakultet, Sveučilište u Mostaru
Keywords: EU; candidate status; Western Balkans; economic growth; structural reforms;

Summary/Abstract: The EU accession is a common and one of the most important goals of the Western Balkan countries. Considering the different and often complex situation in these countries, the accession process is an important step that encourages necessary democratic and economic reforms. The accession process is a long-term and complex procedure involving numerous stages and procedures. One of the more significant steps, obtaining candidate status, represents a significant progress, particularly for the small Western Balkan countries. Bosnia and Herzegovina gained candidate status as late as 2021, unlike other Western Balkan countries, so the potential effects on the BiH economy can only be anticipated. The aim of this study was to analyse the potential relation between reforms during EU accession process and the gaining the candidate status in Western Balkan countries with indicators of economic growth. Results indicate that structural reforms in Western Balkan countries are still insufficient and slow to have a positive impact on economic growth. Furthermore, the acquisition of candidate status does not have a significant effect on economic growth.

  • Issue Year: 2023
  • Issue No: XXIX
  • Page Range: 45-56
  • Page Count: 12
  • Language: English, Croatian