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Export Competitiveness of the Economic Sectors of Bosnia and Herzegovina

Author

Listed:
  • Krajišnik Milenko

    (University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina)

  • Popović Sanja

    (Msc student at University of Banja Luka, Faculty of Economics, Bosnia and Herzegovina)

Abstract

The competitiveness of the national economy, its sectors and companies is essential for economic growth and development in the conditions of the global market. This importance is especially expressed for small open economies, such as Bosnia and Herzegovina (B&H). Bosnia and Herzegovina must strengthen its export position in the most competitive sectors, so that it can develop under conditions of increasingly liberalized world trade, with growing competition. The aim of this paper is to investigate the sectora structure of B&H exports, the competitiveness, significance and performance of certain sectors, in order to identify weaknesses and possible ways o improvement. For the purposes of this analysis, the Trade Competitiveness Map analysis methodology was used to assess the competitiveness of the sector, using the Trade Performance Index (TPI). The main aim of the methodology is to determine sectoral export performance, in order to facilitate strategic market research and monitoring of national foreign trade performance. B&H has the poor export sector structure, with the low level o international competitiveness, reflected in the large share of resource intensive products and low-value processing products with low added value Improving competitiveness could be achieved by strengthening the most competitive sectors, as well as by changing the economic structure towards the development of technologically intensive and highly profitable sectors o the economy.

Suggested Citation

  • Krajišnik Milenko & Popović Sanja, 2019. "Export Competitiveness of the Economic Sectors of Bosnia and Herzegovina," Economic Themes, Sciendo, vol. 57(4), pages 433-457, December.
    • Handle: RePEc:vrs:ecothe:v:57:y:2019:i:4:p:433-457:n:3
    DOI: 10.2478/ethemes-2019-0025
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    References listed on IDEAS

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    1. Ulengin, Fusun & Ulengin, Burc & Onsel, Sule, 2002. "A power-based measurement approach to specify macroeconomic competitiveness of countries," Socio-Economic Planning Sciences, Elsevier, vol. 36(3), pages 203-226, September.
    2. Krugman, Paul R, 1996. "Making Sense of the Competitiveness Debate," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 12(3), pages 17-25, Autumn.
    3. Michael Kitson & Ron Martin & Peter Tyler, 2004. "Regional Competitiveness: An Elusive yet Key Concept?," Regional Studies, Taylor & Francis Journals, vol. 38(9), pages 991-999.
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    More about this item

    Keywords

    competitiveness; export; Trade Performance Index; economic sectors; Bosnia and Herzegovina;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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