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The Impact Of Economic Openness On The Economic Growth Of Bosnia And Herzegovina

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  • Haris Omerika

  • Alem Merdić

Abstract

This paper presents a study of the impact of economic openness (imports, exportsand foreign direct investment) on the economic growth of Bosnia and Herzegovina (B&H) inthe period from 2005 to 2024. The paper applied multiple regression and OLS estimation.The research results indicate that the observed independent variables have a significantimpact in the estimated model. The variables exports and foreign direct investment have apositive effect on the economic growth of Bosnia and Herzegovina, while imports have anegative effect. The main limitation of the conducted research is the relatively shortobservation period, i.e. the inability to apply quarterly or monthly data in the empiricalanalysis. Finally, the obtained results can contribute to the generation of economic policiesthat will focus on those economic factors that contribute most to the economic growth ofBosnia and Herzegovina.

Suggested Citation

Handle: RePEc:etl:journl:95
DOI: 10.62900/BHEF252101006
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File URL: https://bhef.unze.ba/article/95
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