IDEAS home Printed from https://ideas.repec.org/a/nms/joseer/10.5771-1435-2869-2019-1-33.html
   My bibliography  Save this article

Further milestones in the economic development of south-eastern Europe

Author

Listed:
  • Paunović, Sanja
  • Kosanović, Rajko

Abstract

This article updates the authors’ previous analysis of the economic position facing western Balkans countries. It analyses development between 2008 and 2018 in five countries from the region - Serbia; Bosnia and Herzegovina; Montenegro; North Macedonia; and Albania - and contrasts this with the three newest EU member states - Bulgaria; Romania; and Croatia. Its argumentation is based on the following parameters: GDP growth; GDP per capita; GDP at purchasing power parity; the share of investment in GDP; average monthly net wages; average monthly gross wages; inflation; the share of foreign and public debt share as a percentage of GDP; and balance of payments. In 2018, economic growth in the western Balkans reached 3.8 per cent, supported by increased public spending and, in Albania and North Macedonia, also by a rise in net exports. According to World Bank projections, western Balkans economies are projected to continue to expand in 2019-20, but this stable outlook is vulnerable and subject to risks, including not least the migration of well-educated and highly-skilled young people.

Suggested Citation

  • Paunović, Sanja & Kosanović, Rajko, 2019. "Further milestones in the economic development of south-eastern Europe," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 22(1), pages 33-52.
    • Handle: RePEc:nms:joseer:10.5771/1435-2869-2019-1-33
    DOI: 10.5771/1435-2869-2019-1-33
    as

    Download full text from publisher

    File URL: https://www.nomos-elibrary.de/10.5771/1435-2869-2019-1-33
    Download Restriction: no
    File URL: https://libkey.io/10.5771/1435-2869-2019-1-33?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
    ---><---

    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:nms:joseer:10.5771/1435-2869-2019-1-33. 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: Nomos Verlagsgesellschaft mbH & Co. KG (email available below). General contact details of provider: http://www.nomos.de/ .

    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.