_Balkanisation_Trade_Integration_in_South-East_Europe_CEPS_Working_Document_No_249_11_August_2006 Kittova, Z., & Steinhauser, D. (2018). The international economic position of westernBalkancountries in light of their European integration ambitions. Journal of Competitiveness , 10(3), 51–68. Klimczak, L. (2016). Trade liberalization and export performance of the western Balkans. Montenegrin Journal of Economics, 12 (2), 57. https://doi.org/10.14254/1800-5845/2016.12-2.3 Kosovar Institute for Policy Research and Development. (2013). Kosovo in a regional context - economic and trade relations. Policy Analysis No. 3/13. Retrieved from
The aim of this paper is to analyse the effect of the mobile phone penetration rate on inequality in Western Balkan countries and to provide empirical evidence. We explore the question of whether cell phone diffusion helps to decrease inequality and whether it has a positive income equality effect. In the developed conceptual framework, we consider that people with access to mobile telephony also have access to Wi-Fi and GPS and that individuals can perform different activities, such as engaging in e-commerce, e-governance, health, and education; paying bills; saving money; and transferring money to other persons. This represents a good foundation for poor persons exit the cycle of deprivation and leads to the development of equal opportunities. We analyse the impact of mobile phone penetration on inequality in Western Balkan countries by using ordinary least squares and two-stage least squares models (Asongu, 2015). Our results confirm the income-redistributive effect of mobile phone penetration.
The goal of this paper is to examine the stability of money demand (M1) in five Western Balkan countries using quarterly data from 2005Q1 to 2014Q4. The dynamic ordinary least squares – DOLS method was used to find the long-run relationships in a money demand model. The empirical results identify the long-run money demand relationship among real M1 nominal interest rate, exchange rate, inflation and a dummy variable for the effect of the European debt crisis. The estimated long-run coefficients are, respectively −0.086, 0.519, 0.002 and 0.030. Our findings imply that real money demand in Western Balkan countries was stable in the analyzed period.
The expansion of the Internet has radically changed the way in which citizens travel, book and organise travel arrangements. Since innovation and new information technologies have become crucial determinants to encourage competitiveness in the tourism sector in Europe, this article investigates how selected development indicators influence the Percentage of individuals that use Internet for travel and accommodation services. Eurostat data for 34 European, European Union (EU-28) and selected EU candidates, countries for 2017 were analysed. It has been presented that (1) Gross Domestic Product per capita in Purchasing Power Standards; (2) Percentage of population aged 15 to 64, by tertiary education; as well as (3) Percentage of individuals aged 16 to 74, who have basic or above basic overall digital skills, all correlate positively and strongly with the main variable under study. The conducted regression analysis has shown that variable digital skills has the greatest impact on the main variable under the study. The K-mean clustering of countries resulted with four clusters. The Western Balkan countries can be found in a cluster which has in average the lowest values of all four variables in compare to the averages of other three clusters.
. Strane direktne investicije i privredni rast u Srbiji, Beograd: Univezitet u Beogradu, Ekonomski fakultet , 103-117. Paul, j., Singh, G. (2017). The 45 years of foreign direct investment research: Approaches, advances and analytical areas. The World Economy – Wiley online library , 2512-2527. Petrović-Ranđelović, M., Janković-Milić, V., Kostadinović, I. (2017). Market Size as a Determinant of the Foreign Direct Investment Inflows in the WesternBalkansCountries. Facta Universitatis , Series: Economics and Organization , Vol. 14, No. 2, pp. 93-104. Savić, Lj. (2010
). Labour productivity and economic growth in selected SEE countries after the great recession of 2008. Proceedings of the 4th International Scientific Conference on Contemporary Issues in Economics, Business and Management (EBM 2016), Faculty of Economics in Kragujevac, Republic of Serbia. 17. National institutes of statistics in the WesternBalkanscountries, 2005-2014. Retreived from: http://www.bhas.ba/?lang=en (The Agency for statistics of Bosnia and Herzegovina); http://www.stat.gov.rs/ (Statistical Office of the Republic of Serbia); http
This paper focuses on the relationship between exporting and the labour markets of the Western Balkan economies within a macroeconomic and microeconomic framework. Within the macroeconomic framework we investigate the Western Balkan countries’ evolution of the bilateral intra-industry trade share with European Monetary Union members and compare this with the differences in bilateral unit labour cost dynamics. The microeconomic analysis rests on enterprise-level cross section data collected during the crisis period and investigates whether exporters help to create additional jobs in the region in comparison to entrepreneurs oriented towards national market. The results show that trade patterns between Western Balkan economies and EMU trading partners did not exhibit any significant changes in trend. On the other hand, it seems that during the recession period most Western Balkan economies adjusted their unit labour costs, probably in order to boost competitiveness. Microeconomic analysis revealed that, although there are some positive differences between exporters and non-exporters, exporters do not create additional employment.
State aid aimed to certain market participants, especially some of its categories, carries a risk of distortion of competition. Therefore, it is necessary to control allocation of state aid and its direction from the sectoral objectives towards more justified horizontal objectives of allocating. This paper examines the practice of assigning sectoral state aid in the European Union and in the selected Western Balkan countries by using the methods of comparative and correlation analysis. The aim is to identify deviations and point out to the preferred ways of state aid allocation.
This paper analyses the Western Balkan countries’ relationship towards the instrument of the Common Foreign and Security Policy of the European Union in the context of the measures undertaken by Brussels against the Russian Federation due to its involvement in the Ukrainian crisis. In this regard, the author first points out to what extent the countries of the Western Balkans over the past few years, that is, after the signing of the Stabilization and Association Agreement, harmonized their foreign policies with the Common Foreign and Security Policy of the European Union. Certainly, the most important foreign policy challenges for the Western Balkan countries in 2014 are imposing sanctions against the Russian Federation. Some Western Balkan countries (above all, Serbia, Bosnia and Herzegovina and Macedonia), according to the author’s assessment, are stretched between their intentions to join the EU and thus harmonize their foreign policy with the Common Foreign and Security Policy of the European Union on one hand, and on the other, to avoid disruption of existing relations with the Russian Federation
Agriculture of the Republic of Serbia is a significant economic branch, due to the specifics of production, tradition and because of the enormous potential that it holds for improving competitive performance and development of the national economy. For this reason, in all strategic documents agriculture is recognised as a vital branch for the development of the national economy, which can be achieved by an increase in productivity and greater foreign exchange, especially with the neighbouring countries. Bearing in mind that agricultural food products represent a very important part of foreign trade of the Republic of Serbia with the countries of the Western Balkans, the goal of the research is to point out the comparative advantages of the Republic of Serbia in the exchange of agricultural and food products with the countries in the region, by applying the Balassa index. The realisation of the principal objective of the research was carried out using the methods of comparative advantage, historical method, trends method, methods of analysis and synthesis. The results of research show that the Republic of Serbia has distinct comparative advantages in relation to the countries in the Western Balkans, with the exception of the Republic of Croatia. The key contribution of this paper lies in providing a clearer insight into the comparative advantages of the Republic of Serbia in foreign trade with the countries in the region, as well as pointing out the priority directions of activities of competent authorities in order to intensify. the agricultural export, especially high quality and products at a higher level of processing.