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  • Macro-economic gains from EU enlargement [Elektronski vir] : what Montenegro can learn from Slovenia
    Gričar, Sergej ...
    Slovenia and Montenegro had been part of federative Yugoslavia and shared same economic, monetary, fiscal and trade policy until the Slovenian independence in 1991. Slovenia entered in the European ... Union (EU) in 2004 and became the member of European Monetary Union with adoption of euro in 2007. Lessons learnt in Slovenia can be important for Montenegro, which aims to follow similar accessions. In comparative article, we are analysing three sub-periods: first, the impact of Yugoslav disintegration to the national economies in Slovenia and Montenegro in the 1990s. Second, economic benefits of participation of Slovenia in the EU integration process in comparison to exclusion of Montenegro from similar process. The comparisons are conducted by unemployment rate (UNEMP) and gross domestic product (GDP) in the 2000s. Finally, euro adoption in Slovenia, economic crisis and economic prosperity in Slovenia and Montenegro in the 2010s. Our hypothesis is that Montenegro can learn from Slovenian experiences and gains from integration in the EU. Economic benefits of Slovenia are measured by UNEMP and growth of GDP. We have obtained data from the World Bank, United Nations, statistical offices of Slovenia and Montenegro and / or Eurostat for the period 1970-2017. We have applied different statistical methods such as summary statistics and regression analysis. We plot some graphs to visually interpret and confirm results of growing GDP in both countries on one side and mixture of falling and growing UNEMP rate on the other side. Our results confirm the hypothesis set that integration of small open economy is beneficial to grow faster than closed one. Liberalization and integration of small economy to regional and global trade are important for longterm competitiveness and growth
    Vir: Mediterranean international conference on social sciences [Elektronski vir] : congress proceedings : MECAS IV : Balkan countries and EU accession : economy, business and politics (2018, Str. 29-40)
    Vrsta gradiva - prispevek na konferenci
    Leto - 2018
    Jezik - angleški
    COBISS.SI-ID - 1540960196

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