The Impact of Import, Export and FDI on the Economic Growth of the Western Balkans Countries

Marjanović, Darko and Beraha, Isidora and Simović, Vladimir (2021) The Impact of Import, Export and FDI on the Economic Growth of the Western Balkans Countries. Economic Analysis: journal of emerging economics, 54 (2). pp. 20-29. ISSN 1821-2573

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Abstract

Macroeconomic stability is one of the important factors influencing the growth and development of
national economies in today’s modern global economy. Economic policy should create conditions for
macroeconomic stability and economic growth based on increased investment, exports, savings,
productivity, and competitiveness, while reducing macroeconomic imbalances, especially the fiscal
deficit, inflation, and the current account deficit. In order to achieve macroeconomic stability, as well
as sustainable economic growth, it is important to pursue a rational economic policy and carry out
accelerated structural reforms. The main objective of the paper is to analyze the impact of key
indicators, i.e., export and import of goods and services and FDI on economic growth of the Western
Balkans countries. Such an analysis is important to show the state of the economy and predict its
stability. The research focuses on the countries of the Western Balkans, while the analysis uses
secondary data from the UNCTAD database for the period 2011-2020. The research results indicate
that Serbia is progressing much faster than other countries of the Western Balkans. In the coming
period, a growth trend can be expected in all Western Balkan countries, which will result in better
economic development and increasing openness to new investments.

Item Type:	Article
Additional Information:	COBISS.ID=53987081
Uncontrolled Keywords:	macroeconomic indicators, economic growth, export and import, FDI, WB countries
Research Department:	Macroeconomics
Depositing User:	Jelena Banovic
Date Deposited:	10 Jan 2022 15:54
Last Modified:	10 Jan 2022 15:54
URI:	http://35.240.28.64/id/eprint/1720
Author Links:	[error in script] No links available.

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