FISCAL POLICY AND COMPETITIVENESS OF THE MANUFACTURING INDUSTRY OF BOSNIA AND HERZEGOVINA
FISCAL POLICY AND COMPETITIVENESS OF THE MANUFACTURING INDUSTRY OF BOSNIA AND HERZEGOVINA

Summary/Abstract: One of the key tasks of the country's economic or fiscal policy is to encourage the competitiveness of the economy. Each country shapes its fiscal policy in accordance with the goals it wants to achieve. Ways of the actions of the fiscal policy are different depending on the period of observation, the circumstances in which are taking place and the specifics of the country in which it is carried out. Many countries use fiscal policy to stimulate their economy and influence its competitiveness. The task of fiscal policy is to help create a quality business environment, that is, to stimulate competitiveness factors as a prerequisite for increasing competitiveness and successful business. Many factors can affect the competitiveness of the industry, including fiscal policy. It is very important to understand and determine the ways fiscal policy affects the competitiveness of the industry. With an adequate fiscal policy, it is possible to encourage the competitiveness of industries. The aim of this paper is to determine and describe the impact of fiscal policy elements on the competitiveness factors of the manufacturing industry in Bosnia and Herzegovina (B&H) in the period 2006-2018, using panel regression models. The results of the research should represent a starting point for the creators of fiscal policies when considering the need for changes in the elements of fiscal policy and their possible effects on the competitiveness of the manufacturing industry of B&H.

• Details
• Contents