scholarly journals IMPACT OF EXPORTS ON ECONOMIC GROWTH IN BOSNIA AND HERCEGOVINA

2021 ◽  
Vol 18 (32) ◽  
Author(s):  
Biljana Gojković ◽  
Milenko Krajišnik ◽  
Sonja Josipović ◽  
Sanja Popović
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Foreign Trade ◽  
Bosnia And Herzegovina ◽  
Trade Balance ◽  
Domestic Product ◽  
Production Structure ◽  
The Poor ◽  
Multiplier Effect ◽  
The Subject

The importance of foreign trade and its impact on the economic growth have been the subject of numerous studies. There is no doubt that exports have a multiplier effect on the growth of gross domestic product, but economists are constantly interested in what the foreign trade multiplier is and why it is not higher. This paper deals with the analysis of foreign trade of Bosnia and Herzegovina, its geographical and production structure and concentration, as well as the causes of high and continuous deficits. The analysis indicates potential opportunities to improve the poor production structure of foreign trade and ways in which foreign trade, and especially exports, could increase in order to improve the foreign trade balance. The analysis is especially focused on determining the foreign trade multiplier, and the results show the great importance of exports for economic growth. It also aims to emphasise how to improve export potential of Bosnia and Herzegovina in the future.

scholarly journals Impact of Trade Liberalization on Economic Growth of Nepal

2019 ◽  
Vol 8 ◽  
pp. 136-148
Author(s):  
Ramesh Bahadur Khadka
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Gross Domestic Product ◽  
Trade Liberalization ◽  
World Bank ◽  
Trade Balance ◽  
Trade Openness ◽  
Domestic Product ◽  
Total Trade ◽  
The Impact

Trade openness has been considered as an important determinant of economic growth. It has been witnessed during the past couple of decades that international trade openness has played a significant role in the growth process of both developed and developing countries. International organizations such as Word Trade Organization, International Monetary Fund and World Bank are constantly advising, especially developing countries, to speed up the process of trade liberalization to achieve high economic growth. In this context, this paper aims to analyze the impact of trade liberalization on economic growth of Nepal. For this purpose, all the data regarding gross domestic product, export, import, total trade, trade balance of Nepal from 1980 A.D. to 2013 A.D. published by World Bank (2014) were used. Both descriptive as well as inferential statistics were used to analyze the data. Correlation analysis was used to find the correlation between the selected variables. Multiple linear regression analysis was carried out to analyze the impact of the trade liberalization in economic growth of Nepal. Trade cost does not explain any influence in gross domestic product, export, import, total trade and trade balance. The impact of trade openness is positive for all variables except trade balance. Trade openness has influenced economy significantly; import increased with purchasing power, export also increased but service only. Therefore, there is gap in export and imports.

scholarly journals Study on the effect of crises on economic correlations and macrostability

2020 ◽  
Vol 2 (1) ◽  
pp. 14-30
Author(s):  
Constantin Anghelache ◽  
Mădălina-Gabriela Anghel ◽  
Ştefan Virgil Iacob ◽  
Dana Luiza Grigorescu
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Free Market ◽  
Domestic Product ◽  
Health Crisis ◽  
The Subject ◽  
Socio Economic Variables ◽  
Economic And Financial Crisis ◽  
Macroeconomic Stability

Abstract Economic growth is a goal of every country and equally of the European Community. In this sense, all national strategies related and not subordinated to the European Union’s strategy aim at economic growth, which will ensure the improvement of the quality of life. Economic growth is always achieved by the level registered by the Gross Domestic Product (Gross Domestic Product per capita) these being the most important indicators of results calculated at macroeconomic level. The proper functioning of a country’s economy must be based, first of all, on certain correlations that are established between socio-economic variables, a context in which there must be certain proportions. The evolution of the economy in free market conditions reaches imbalances at certain times, a context in which macroeconomic stability is affected. Most often, crises, regardless of their health, economic, economic or financial nature, have the first effect of affecting macroeconomic stability. In the current conditions, when we face the health crisis, combined with the economic and financial crisis, the macroeconomic imbalance is obvious by not respecting some proportions and correlations, which must be established at the macroeconomic level. The analysis of this aspect of crises and their effect on economic correlations and macrostability is the subject of the study in this article.

scholarly journals ECONOMIC GROWTH MODEL FOR BOSNIA AND HERZEGOVINA IN THE PERIOD 2007-2017 - OPPORTUNITIES FOR FUTURE RISKS REDUCTION -

2019 ◽  
Vol 1 (18) ◽  
pp. 61
Author(s):  
Saša Stevanović
Keyword(s):  
Economic Growth ◽  
Nash Equilibrium ◽  
Gross Domestic Product ◽  
Bosnia And Herzegovina ◽  
Aggregate Demand ◽  
Economic Life ◽  
Domestic Product ◽  
Economic Agents ◽  
Productivity Function ◽  
Economic Growth Model

The theory of the system indicates that the metastable state (state of the system described as a state which is close to the equilibrium state) will go into equilibrium if we wait long enough. The behavior of a particular system in the future depends on historical events, current and future shocks. In the equilibrium, all participants in economic life - economic agents are satisfied with their position, and economists call this a state of Nash equilibrium. The problem that we will deal with is the question of whether the economy of Bosnia and Herzegovina is in equilibrium, how to measure equilibrium, how to achieve stability and the balance of the system. The research will focus on productivity function for BiH, the concept of a potential gross domestic product, deviations in the nominal gross domestic product from the potential. We will analyze aggregate demand with the aim to define the model of economic growth of Bosnia and Herzegovina. We believe this knowledge will provide a basis that we believe can serve to create instruments, measures and policies that are needed to reduce future risks - deviations in economic growth.

scholarly journals Tax burden in EU countries

2020 ◽  
Vol 9 (17) ◽  
pp. 58-66
Author(s):  
Branimir Kalaš
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Domestic Product ◽  
Tax Burden ◽  
Annual Growth Rate ◽  
Economic Growth And Development ◽  
Eu Countries ◽  
Indirect Taxes ◽  
Average Share ◽  
The Subject

The degree of tax burden in the economy is a significant issue for every country. The state and fiscal authorities should provide a stimulating but sustainable tax environment that will cause positive implications for economic growth and development. The aim of this paper is to determine the degree of tax burden from the aspect of direct taxes and indirect taxes, as well as the correlation level with the annual rate of gross domestic product. The subject of this paper is the analysis of the tax burden in EU countries for the period 2006-2018. The results of the analysis indicate that average share of total taxes is 38.18% of gross domestic product, where the average share of direct taxes is 12.77% and the average share of indirect taxes is 13.42% of gross domestic product. Also, the results of correlation matrix show a statistically significant and negative correlation between tax burden and economic growth measured by the annual growth rate of gross domestic product.

A study of the tourist potential of Аntalya coast in turkey

10.12737/7473 ◽  
2014 ◽  
Vol 8 (7) ◽  
pp. 0-0 ◽  
Author(s):  
Ирина Куксова ◽  
Irina Kuksova ◽  
Дарья Певнева ◽  
Darya Pevneva
Keyword(s):  
Gross Domestic Product ◽  
Natural Resources ◽  
Foreign Trade ◽  
Trade Balance ◽  
Domestic Product ◽  
Ancient History ◽  
Distinctive Features ◽  
Key Sectors ◽  
The Creation ◽  
Historical Heritage

In many countries, tourism plays an important role in the creation of gross domestic product, the formation of additional jobs and providing local employment, activation of the foreign trade balance, has a significant impact on key sectors of the economy. The article focuses on Turkey, with its amazing tourist potential and ancient history. Turkey has a unique tourist and recreational potential, on its territory there are important natural resources, historical heritage objects. Described are the main tourist areas of Antalya - Alanya, Side, Belek, Aksu, Kemer, Beldibi, Goynuk, Kiris, Camyuva, Tekirova, each district has its own distinctive features, and some of them should be given special attention.

scholarly journals Analysis of the dynamics of gross domestic product and external economic activity of the Russian Federation for 2013−2018

2020 ◽  
Vol 9 (26) ◽  
pp. 146-157
Author(s):  
Oleg Ilyasovich Katlishin ◽  
Alexander Sergeevich Baleevskikh
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Foreign Trade ◽  
Russian Federation ◽  
Purchasing Power Parity ◽  
Economic Activity ◽  
Domestic Product ◽  
Power Parity ◽  
Russian Economy ◽  
The Russian Federation

Currently, the Russian Federation is a significant geopolitical and economic player in the modern global world, it has its own interests and traditional partnerships with most states, including business representatives of those countries that are trying to restrain its development through restrictions and partial isolation from global development opportunities . Despite the sanctions and the unfavorable world market conditions, the Russian economy showed high plasticity, stability and adaptability to external changes, which was reflected in the positive dynamics of foreign trade growth in the existing conditions. Therefore, the purpose of this article was to conduct a comprehensive analysis of the dynamics of official statistics on economic growth and foreign trade in the Russian Federation for the period 2013-2018. To achieve this goal, the following tasks were solved: 1) an analysis of the dynamics of the gross domestic product of the Russian Federation for the period 2013-2018; 2) the role of foreign trade in the gross domestic product of the country is estimated through the calculation of foreign economic quotas; 3) analyzed the dynamics of foreign trade, imports and exports of the Russian Federation; 4) revealed the shares of product groups in the structure of exports and imports, as well as the most significant counterparties of the Russian Federation. The hypothesis of the study was the thesis of the interdependence of the volume of economic growth and foreign economic activity, including taking into account changes in foreign economic conditions. The article provides a retrospective analysis of the dynamics of economic growth in terms of nominal value and purchasing power parity, as well as the dynamics of foreign trade of the Russian Federation for the period 2013-2018. A preliminary forecast of foreign trade volumes for 2019 is given. The calculation of foreign economic, export and import quotas for the same period. The Russian specifics of the dynamics and structure of export supplies and import flows, as well as the structure of both imports and exports by counteragent countries and enlarged groups of the commodity nomenclature of foreign economic activity, are examined. For the period under review, the nominal GDP fell by 28.8%, while in terms of purchasing power parity, the Russian economy grew by 5.7% over the same period. At the same time, the largest drawdown in the economy occurred in the middle of the period; in recent years, the situation in the economy has improved. The role of foreign trade in the formation of GDP during the period was relatively stable, with the exception of 2018, when the foreign trade quota sharply increased (as well as export and import). The dynamics of foreign trade and export quotas in the Russian Federation are almost identical, while imports depend on export earnings. For the study period, foreign trade turnover of the Russian Federation decreased by 18.4%, export volumes decreased by 14.8%, import purchases decreased by 24.5%. The main problem of the economy and foreign economic activity remains its dependence on the export of mineral products.

scholarly journals Unemployment and Gross Domestic Product: Evidence from Papua New Guinea

2021 ◽  
Vol 2 (8) ◽  
pp. 544-557
Author(s):  
Cahya Purnama Asri
Keyword(s):  
Economic Growth ◽  
Regression Analysis ◽  
Linear Regression ◽  
Gross Domestic Product ◽  
Papua New Guinea ◽  
Quantitative Methods ◽  
Linear Regression Analysis ◽  
New Guinea ◽  
Domestic Product ◽  
The Poor

The principal link through which economic growth is transmitted to the poor is the amount of employment it generates which derives from the fact that labor is about the only resource in which the poor are relatively abundant, thus, for the poor, the productive use of their plentiful factor, labor, is the principal way to overcome poverty. Many factors affect the gross domestic product, such as unemployment. The objective of this research is to determine the influence of unemployment on the gross domestic product, especially in Papua New Guinea. This research uses quantitative methods and linear regression analysis. The results of the analysis show that there is a significant influence of unemployment on GDP in Papua New Guinea for the period 1991 – 2019. The influence of unemployment on GDP in Papua New Guinea is significant because of the small number of people and most of them are workers, unemployment is very influential on GDP.

EVALUATION OF EXPORT DEVELOPMENT OPPORTUNITIES FROM TURKEY TO LITHUANIA

2015 ◽  
Author(s):  
Agnė JOTAUTAITĖ ◽  
Eglė JOTAUTIENĖ
Keyword(s):  
European Union ◽  
Gross Domestic Product ◽  
Foreign Trade ◽  
Empirical Research ◽  
Domestic Product ◽  
The European Union ◽  
Database Analysis ◽  
Fast Growing ◽  
Agriculture Industry ◽  
Textile Products

In this paper, export opportunities of textile products from Turkey to Lithuania are analyzed. The main goal of this article is to present an analysis of the opportunities to import textile products from Turkey to Lithuania. The empirical research basing on the statistical database analysis was used. The analysis of Turkey’s markets was showed that the economy is strongly dependent on exports of various products from Turkey and it is about one forth of Turkey’s GDP (Gross Domestic Product). The bulk of exports from Turkey is t o countries in the European Union. Turkey is one of the world’s largest manufacturers and exporters of textiles. The analysis of Lithuanian markets was indicated that Lithuania has a feasible market for imports due to its fast growing GDP, increasing labor wages and modernization of agriculture industry. Furthermore, advantageous and adequate policies of Lithuania’s foreign trade should encourage the development of imports to this country. The demand for textile products in Lithuania is growing rapidly and it is one of the most important sectors in fostering its economy

Trends of Private Consumption in the Restructuring of China’s Economy

2015 ◽  
Vol 07 (04) ◽  
pp. 52-64
Author(s):  
Chien-Hsun CHEN
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Private Consumption ◽  
Decisive Role ◽  
Domestic Product ◽  
Domestic Consumption ◽  
Labour Income ◽  
Rapid Economic Growth ◽  
Labour Share ◽  
China’S Economy

The benefits deriving from rapid economic growth have chiefly accrued to capital returns. Consequently, the decline in the share of Chinese gross domestic product (GDP) accounted for by labour income has been most pronounced. To sustain growth, China will have to ensure robust consumption. Increasing the labour share in GDP and hence promoting domestic consumption will play a decisive role in rebalancing China’s economy.

The impacts of income inequality on the gross domestic product under direct taxation: evidence from emerging market economies

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahmet Eren Yıldırım ◽  
Mete Dibo
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Income Inequality ◽  
Gross Domestic Product ◽  
Emerging Market ◽  
Domestic Product ◽  
Emerging Market Economies ◽  
Content Type ◽  
Market Economies ◽  
Direct Taxation

PurposeThis study analyzes the impacts of income inequality after direct taxation on the gross domestic product as a fiscal policy tool in the development process.Design/methodology/approachThe model of the study is based on Munielo-Gallo and Roca-Sagales (2013), which examined the fiscal policy, income inequality and economic growth simultaneously. The study uses two models to analyze the relationship between income inequality and gross domestic production under direct taxation by employing autoregressive distributed lag (ARDL) model for selected emerging market economies.FindingEmpirical results reveal a negative long-run relationship between variables in some countries in line with the literature, despite a positive relationship in others. Moreover, the results exhibit the negative impact of income inequality after direct taxation on the gross domestic product decreases.Originality/valueResults of the study highlight the importance of direct taxation on income inequality concerning the reflects on economic growth. It suggests that when the income distribution is fairer, it may positively affect the gross domestic product. The study provides a new perspective to the related literature by investigating the role of income inequality under direct taxation for gross domestic product.

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