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Impact of technology-intensive exports on GDP of Western Balkan Countries

Author

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  • Trlaković, Jelena
  • Despotović, Danijela
  • Ristić, Lela

Abstract

This paper aims to determine, by means of regression analysis, which exported product groups, categorized according to their technological intensity, have the greatest effect on the movements in the volume of GDP p/c of the Western Balkan Countries (WBCs). The analysis, based on statistical-econometric methodology, includes 16 commodity groups per each WBC (Albania; Bosnia and Herzegovina; Croatia; FYR Macedonia; Montenegro; Serbia). The data were collected and presented in accordance with the HS4 system classification, which is also used for development of the ITC’s Trade Map. The results of the analysis show that those commodity groups produced by medium-low and low technology industries have the greatest effect on the change in the volume of GDP p/c in all WBCs in the period 2005–2015.

Suggested Citation

  • Trlaković, Jelena & Despotović, Danijela & Ristić, Lela, 2018. "Impact of technology-intensive exports on GDP of Western Balkan Countries," Journal of Policy Modeling, Elsevier, vol. 40(5), pages 1038-1049.
    • Handle: RePEc:eee:jpolmo:v:40:y:2018:i:5:p:1038-1049
    DOI: 10.1016/j.jpolmod.2018.01.006
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    References listed on IDEAS

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    1. Stakić, Nikola & Jovancai, Ana & Kapor, Predrag, 2016. "The efficiency of the stock market in Serbia," Journal of Policy Modeling, Elsevier, vol. 38(1), pages 156-165.
    2. Payne, James E., 2002. "Inflationary dynamics of a transition economy: the Croatian experience," Journal of Policy Modeling, Elsevier, vol. 24(3), pages 219-230, June.
    3. Hubert Gabrisch, 2015. "Financial Constraints on Growth: Comparing the Balkans to Other Transition Economies," Eastern European Economics, Taylor & Francis Journals, vol. 53(4), pages 309-327, July.
    4. Sanjaya Lall & Shujiro Urata (ed.), 2003. "Competitiveness, FDI and Technological Activity in East Asia," Books, Edward Elgar Publishing, number 2837.
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    Cited by:

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    2. Salmanzadeh-Meydani, N. & Fatemi Ghomi, S.M.T., 2019. "The causal relationship among electricity consumption, economic growth and capital stock in Iran," Journal of Policy Modeling, Elsevier, vol. 41(6), pages 1230-1256.
    3. Magazzino, Cosimo & Mele, Marco, 2022. "Can a change in FDI accelerate GDP growth? Time-series and ANNs evidence on Malta," The Journal of Economic Asymmetries, Elsevier, vol. 25(C).

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    More about this item

    Keywords

    Product groups; Technological intensity; GDP p/c; WBCs (Western Balkan Countries);
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects

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