IDEAS home Printed from https://ideas.repec.org/a/mes/eaeuec/v60y2022i3p265-284.html
   My bibliography  Save this article

Divergence between the Economies of the (Former) Yugoslav Republics: Is It Possible to Change Direction?

Author

Listed:
  • Maja Bacovic
  • Zivko Andrijasevic
  • Bojan Pejovic

Abstract

This papers investigates the structural components that determine conditional convergence and the reciprocal relationship between these components and income in the (former) Yugoslav countries. Applying an ARDL model, we found that, in the long run, capital stock growth and R&D expenditures are positively dependent on GDP per capita growth, but R&D negatively depends on employment growth. R&D has an impact on GDP per capita growth in the long run, but not in the short run. Applying the OLS model, we estimated the significance of R&D and tertiary education outcomes on output growth and found it to be significant and positive. We found that convergence is a bidirectional process.

Suggested Citation

  • Maja Bacovic & Zivko Andrijasevic & Bojan Pejovic, 2022. "Divergence between the Economies of the (Former) Yugoslav Republics: Is It Possible to Change Direction?," Eastern European Economics, Taylor & Francis Journals, vol. 60(3), pages 265-284, May.
    • Handle: RePEc:mes:eaeuec:v:60:y:2022:i:3:p:265-284
    DOI: 10.1080/00128775.2022.2038034
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00128775.2022.2038034
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00128775.2022.2038034?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Vítor João Pereira Domingues Martinho, 2023. "Evidence of Global Convergence: Perspectives for Economic and Territory Planning in Times of the COVID-19 Pandemic," Land, MDPI, vol. 12(6), pages 1-19, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:eaeuec:v:60:y:2022:i:3:p:265-284. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MEEE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.