THE IMPACT OF ECONOMIC OPENNESS ON THE ECONOMIC GROWTH OF BOSNIA AND HERZEGOVINA
THE IMPACT OF ECONOMIC OPENNESS ON THE ECONOMIC GROWTH OF BOSNIA AND HERZEGOVINA
Author(s): Haris Omerika, Alem MerdićSubject(s): National Economy, Supranational / Global Economy, Business Economy / Management, Economic development, Socio-Economic Research
Published by: Ekonomski fakultet - Univerzitet u Zenici
Keywords: import; export; direct foreign investments; economic growth; economic openness;
Summary/Abstract: This paper presents a study of the impact of economic openness (imports, exports and foreign direct investment) on the economic growth of Bosnia and Herzegovina (B&H) in the period from 2005 to 2024. The paper applied multiple regression and OLS estimation. The research results indicate that the observed independent variables have a significant impact in the estimated model. The variables exports and foreign direct investment have a positive effect on the economic growth of Bosnia and Herzegovina, while imports have a negative effect. The main limitation of the conducted research is the relatively short observation period, i.e. the inability to apply quarterly or monthly data in the empirical analysis. Finally, the obtained results can contribute to the generation of economic policies that will focus on those economic factors that contribute most to the economic growth of Bosnia and Herzegovina.
Journal: BH ekonomski forum
- Issue Year: 21/2025
- Issue No: 1
- Page Range: 121-135
- Page Count: 15
- Language: English
