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The Economic Importance of Agriculture in Western Balkan Countries

In: European Integration Process in Western Balkan Countries

Author

Listed:
  • Dusko Bodroza

    (Institute of Economic Sciences)

  • Marko Danon

    (Université de Nice Sophia Antipolis)

Abstract

In this chapter, we analyse macroeconomic importance of agricultural sector in countries of the West Balkans (WB), as well as ways this sector is contributing (or hindering?) the economic growth. We are observing the most important macroeconomic challenges and a macro-picture of the agricultural sector (in the first chapter), and perspectives of this sector in the near future. By this approach, we are pointing to: (i) contribution of the sector to GDP, (ii) weak points of the regional agriculture, (iii) possibilities for advancement and (iv) contribution to the future growth. Hence, productivity becomes the corner stone of our analysis, affecting mostly: (i) unemployment reduction and (ii) current account deficit reduction, but also (iii) inflationary pressures. The next phase of development of the sector leads to its corporatization, thus creating presumptions for its accrued productivity.

Suggested Citation

  • Dusko Bodroza & Marko Danon, 2012. "The Economic Importance of Agriculture in Western Balkan Countries," Book Chapters, in: Paulino Teixeira & António Portugal Duarte & Srdjan Redzepagic & Dejan Eric (ed.), European Integration Process in Western Balkan Countries, edition 1, volume 1, chapter 16, pages 310-329, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:euinpro-16
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    References listed on IDEAS

    as
    1. Zekic, Stanislav & Gajic, Milivoj & Lovre, Koviljko, 2009. "Partial Productivity Of Agriculture In The Western Balkan Countries – Implication For Competitiveness Of The Rural Economy," 113th Seminar, December 9-11, 2009, Belgrade, Serbia 57398, European Association of Agricultural Economists.
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