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External Debt in Bosnia and Herzegovina – An Empirical Analysis

Author

Listed:
  • Hurić-Bjelan Jasmina

    (Head of Sector for Plan, Analysis and Reporting, Assistant of Director Tax Administration of the Federation of Bosnia and Herzegovina Sarajevo)

  • Hadžiahmetović Azra

    (PhD Professor School of Economics and Business, University of Sarajevo)

Abstract

Over the last few decades, many countries in the world have been struggling with high indebtedness. This has been especially emphasized in periods of crisis, and this was not an exception during the last global economic crisis in 2009. The advent of the crisis has further increased the need for borrowing. Increasing indebtedness after the crisis was also characteristic of BiH economy, the country in our research focus, which had an increase of public external debt by over 100% over the last two decades.

Suggested Citation

  • Hurić-Bjelan Jasmina & Hadžiahmetović Azra, 2020. "External Debt in Bosnia and Herzegovina – An Empirical Analysis," South East European Journal of Economics and Business, Sciendo, vol. 15(2), pages 70-82, December.
    • Handle: RePEc:vrs:seejeb:v:15:y:2020:i:2:p:70-82:n:6
    DOI: 10.2478/jeb-2020-0016
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    References listed on IDEAS

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    More about this item

    Keywords

    indebtedness; Bosnia and Herzegovina; dynamic analysis; VAR model;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other

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