It is often much more complex to explore economic growth at a regional level than at a national level due to regional differences, specialization and concentration of certain activities. Therefore, ...specific economic policy measures and instruments applied in one region will not produce the same effects in another region or at a national level. Consequently, research components and knowledge have become widely accepted indicators of efforts invested in technological advancement that enables higher economic growth rate and creates overall social well-being. In view of that, this paper aims to look into the interdependence between research components and knowledge on the one hand and economic growth rates at the regional level in the European Union on the other. Because of statistical determination, the research has been carried out in the second-level EU regions. Since the data were not coordinated with other research components in terms of time and geography, it was not possible to break down financial support by regional, national and supra-national affiliation.
It is often much more complex to explore economic growth at a regional level than at a national level due to regional differences, specialization and concentration of certain activities. Therefore, ...specific economic policy measures and instruments applied in one region will not produce the same effects in another region or at a national level. Consequently, research components and knowledge have become widely accepted indicators of efforts invested in technological advancement that enables higher economic growth rate and creates overall social well-being. In view of that, this paper aims to look into the interdependence between research components and knowledge on the one hand and economic growth rates at the regional level in the European Union on the other. Because of statistical determination, the research has been carried out in the second-level EU regions. Since the data were not coordinated with other research components in terms of time and geography, it was not possible to break down financial support by regional, national and supra-national affiliation. PUBLICATION ABSTRACT
Accession to European Union is major aim for many European countries, and that trying is intensive when we having on mind unstable political and undeveloped ex-socialistic countries. These countries ...in EU find economic prosperity and political stability, but process of their integration in EU was faced with many problems. Searching for solution of those problems and ensure successful adjustment to standards of EU, EU was created special financial instruments for support candidate countries on their accession. Each country is responsible for thier own advance, financial sources are allocated with aim through concrete projects. Because specifics in region, EU created special access strategy and instruments of financial supports to West Balkan countries. In paper authors will research instruments which EU use for support economic, political and legal adjustments and harmonization in candidate countries and potential candidate countries and concrete effect which had financial support to West Balkan countries. Further, paper will content structure of financial source from pre-accession funds and purpose of using, reach phase in process of negotiation with EU and bring up with roblem sin all West Balkan economies. PUBLICATION ABSTRACT
Investments, considered as lifeblood of economic system, are of significant importance in tracing economic development. In lack of domestic capital, FDI became a "miracle drug" to economic growth and ...industrial development, especially in insufficiently developed countries and countries in development, such as Bosnia and Herzegovina. Foreign Direct Investment (FDI) represents international movement of long-term capital. FDI inflow in B&H will be analyzed by three different criteria: 1. sectors of recipients, 2. investors countries, and 3. time dynamics. The main attention of this paper is on the macroeconomic effects resulting from the impact of FDI on changes in GDP per capita, rate of GDP growth, employment, export, import and inflation rate. Finally, the authors will show whether the FDI did make positive effects on the economic development and to what extent.
Financial equalization is a significant economic and social category, which largely determines the regional and national life conditions. Accordingly, this paper will define the way of regulation, ...implementation and evaluation of financial equalization in Bosnia and Herzegovina in the period of 2005-2012. This paper will examine the existing model of financial equalization in Bosnia and Herzegovina. Paper will also investigate compatibility of the model and its foundations on the financial principles of justice and fairness. Given the complex political and administrative - territorial organization of Bosnia and Herzegovina, it will be examined in the paper whether the current model fits the needs of socio-economic development of the country. According to these findings the paper will present new solutios to increase the efficiency of financial equalization in Bosnia and Herzegovina.
It is often much more complex to explore economic growth at a regional level than at a national level due to regional differences, specialization and concentration of certain activities. Therefore, ...specific economic policy measures and instruments applied in one region will not produce the same effects in another region or at a national level. Consequently, research components and knowledge have become widely accepted indicators of efforts invested in technological advancement that enables higher economic growth rate and creates overall social well-being. In view of that, this paper aims to look into the interdependence between research components and knowledge on the one hand and economic growth rates at the regional level in the European Union on the other. Because of statistical determination, the research has been carried out in the second-level EU regions. Since the data were not coordinated with other research components in terms of time and geography, it was not possible to break down financial support by regional, national and supra-national affiliation.
The aim of this research is to examine the sustainability of international trade flows of Bosnia and Herzegovina with the rest of the world. The data sample consists of quarterly data from the first ...quarter of 2008 to the last quarter of 2016. Johansen tests of cointegration indicated that exports and imports are cointegrated in case of Bosnia and Herzegovina and Vector Error Correction Model (VECM) is estimated and tested. Research results revealed bidirectional weakly sustainable relationship between exports and imports pointing out the need to improve external competitiveness of Bosnia and Herzegovina’s economy.
Membership in the European Union is the aspiration of the most European countries, especially the underdeveloped and politically still unstable, former socialist countries. Those countries strives to ...find economic prosperity and political stability in the EU, despite many constraints of economic and political nature. In order to help solve the problem and ensure the more successful adaptation the EU has created special financial instruments to assist candidate countries, where each country is responsible for its own progress and withdrawal of available funds.
This work will search all important determinants of use of EU Pre-Accession Funds in SEE countries taking into account features and specifics of each program, as well as problems these countries are facing with. The main purpose and aim of this paper is to explore the absorption capacities of candidate countries and potential candidate countries of SEE in withdrawing funds from EU pre-accession funds. Bearing in mind the political and economic specificities, special attention will be given to its absorption capacities and the possibilities for their improvement in the existing institutional and economic framework.
Preconditions of the economic growth of the small, open economy are stable and strong currency, favourable business environment and financial stability. Financial and monetary stability is one of the ...key presumptions of economic growth. Bosnia and Herzegovina in financial system record significant level of eurozation. There are many reasons for eurozation in national economy. Bank deposits and loans are denominated in euro, national currency is fixed to euro through monetary regime currency board. The objective of the paper is to provide conceptual framework of eurozation and to analyse level of eurozation in Bosnia and Herzegovina. Authors in paper will analyses economic development and changes in banking sector in condition of eurozation in period before and after financial crisis.
Preconditions of the economic growth of the small, open economy are stable and strong currency, favourable business environment and financial stability. Financial and monetary stability is one of the ...key presumptions of economic growth. Bosnia and Herzegovina in financial system record significant level of eurozation. There are many reasons for eurozation in national economy. Bank deposits and loans are denominated in euro, national currency is fixed to euro through monetary regime currency board. The objective of the paper is to provide conceptual framework of eurozation and to analyse level of eurozation in Bosnia and Herzegovina. Authors in paper will analyses economic development and changes in banking sector in condition of eurozation in period before and after financial crisis.
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