IDEAS home Printed from https://ideas.repec.org/a/eur/ejesjr/41.html
   My bibliography  Save this article

Kosovo’s International Trade: Balance of Trade

Author

Listed:
  • Gent Jusufi
  • Lura Rexhepi Mahmutaj
  • Gentina Jusufi
  • Nora Jusufi

Abstract

Purpose - The purpose of this paper is to present a review of literature on the composition of exports and imports during 2005-2011 in Kosovo and key findings from secondary research on the reasons for the high trade deficit which affects economic development within this country. Design/Methodology/Approach - This paper presents secondary data related to background of the international trade and its increasing importance throughout the years because globalization. Then it is followed by characteristics of Kosovo’s trade environment, its domination of imports from 2005 to 2011 and its comparison with EU and non EU countries. Findings - The results of this paper illustrates that Kosovo is facing a major problem with its negative balance of trade, suffering with excessive volume of imported goods and insufficient exported goods. Kosovo’s trade marked an increase of its exports with annual average growth rate of 36 percent, on the other hand imports marked an increase with annual average growth rate of 13 percent, while the share of exports and imports of GDP was relatively 60 percent by the year of 2011. The reasons of poor export performance are mainly based on social, political, and economical issues that Kosovo is confronting. Nevertheless, government took important macroeconomic steps, as well as developed comprehensive process to review, shift the political and economic policies, to sustain the countries balance of trade in long term.

Suggested Citation

  • Gent Jusufi & Lura Rexhepi Mahmutaj & Gentina Jusufi & Nora Jusufi, 2015. "Kosovo’s International Trade: Balance of Trade," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 1, ejes_v1_i.
    • Handle: RePEc:eur:ejesjr:41
    DOI: 10.26417/ejes.v3i1.p58-69
    as

    Download full text from publisher

    File URL: https://brucol.be/index.php/ejes/article/view/5244
    Download Restriction: no
    File URL: https://brucol.be/files/articles/ejes_v1_i3_15/Gent.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26417/ejes.v3i1.p58-69?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
    ---><---

    References listed on IDEAS

    as
    1. Edward I. Altman, 1968. "Financial Ratios, Discriminant Analysis And The Prediction Of Corporate Bankruptcy," Journal of Finance, American Finance Association, vol. 23(4), pages 589-609, September.
    2. Beaver, Wh, 1966. "Financial Ratios As Predictors Of Failure," Journal of Accounting Research, Wiley Blackwell, vol. 4, pages 71-111.
    3. Altman, Edward I. & Haldeman, Robert G. & Narayanan, P., 1977. "ZETATM analysis A new model to identify bankruptcy risk of corporations," Journal of Banking & Finance, Elsevier, vol. 1(1), pages 29-54, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Filipos Ruxho & Dimitrios P. Petropoulos & Dimas Angga Negoro, 2024. "Public Debt As A Determinant Of The Economic Growth In Kosovo," Sustainable Regional Development Scientific Journal, Sustainable Regional Development Scientific Journal, vol. 0(1), pages 55-67, July.
    2. Filipos RUXHO & Christos Ap. LADIAS, 2022. "The Logistic Drivers As A Powerful Performance Indicator In The Development Of Regional Companies Of Kosovo," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(2), pages 95-106, June.
    3. Vera Basilio & Susana Pescada & João Vidal & Fernando Teixeira, 2024. "The Culture And Organizational Performance: The Case Of Family Health Units In The Algarve Region," Sustainable Regional Development Scientific Journal, Sustainable Regional Development Scientific Journal, vol. 0(1), pages 68-82, July.
    4. Fejzulla Beha & Antoneta Polo & Sinisa Bogdan & Carolina Palma, 2024. "The Institutional Impact On Touristic Industry In Southern European Union Countries," Sustainable Regional Development Scientific Journal, Sustainable Regional Development Scientific Journal, vol. 0(1), pages 93-103, July.
    5. Miguel Lampreia & Erjola Barbullushi & Ismet Voka, 2024. "Usefulness Of Technical Analysis In The Forex Market: The Eur/Usd Pair," Sustainable Regional Development Scientific Journal, Sustainable Regional Development Scientific Journal, vol. 0(1), pages 104-112, July.
    6. Radojko LUKIC, 2020. "The Analysis of the Financial Risk of Trade in Serbia," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 21(4), pages 518-529, October.
    7. Ilirjana ZYBERI & Antoneta POLO, 2021. "Impact Of Service And E-Service Quality, Price And Image On The Trust And Loyalty Of The Electronic Banking Customers," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 59-68, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Li, Chunyu & Lou, Chenxin & Luo, Dan & Xing, Kai, 2021. "Chinese corporate distress prediction using LASSO: The role of earnings management," International Review of Financial Analysis, Elsevier, vol. 76(C).
    2. Suzan Hol, 2006. "The influence of the business cycle on bankruptcy probability," Discussion Papers 466, Statistics Norway, Research Department.
    3. Fougère, D. & Golfier, C. & Horny, G. & Kremp, E., 2013. "What has been the impact of the 2008 crisis on firms’ default? (in French)," Working papers 463, Banque de France.
    4. Enrico Supino & Nicola Piras, 2022. "Le performance dei modelli di credit scoring in contesti di forte instabilit? macroeconomica: il ruolo delle Reti Neurali Artificiali," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2022(2), pages 41-61.
    5. Adriana Csikosova & Maria Janoskova & Katarina Culkova, 2020. "Application of Discriminant Analysis for Avoiding the Risk of Quarry Operation Failure," JRFM, MDPI, vol. 13(10), pages 1-14, September.
    6. Serrano-Cinca, Carlos & Gutiérrez-Nieto, Begoña & Bernate-Valbuena, Martha, 2019. "The use of accounting anomalies indicators to predict business failure," European Management Journal, Elsevier, vol. 37(3), pages 353-375.
    7. Edith Navarrete Marneou & Edgar Sansores Guerrero, 2011. "Quintano Roo Mexico Micro, Small And Medium Sized Business Failure: An Multi Variable Analysis, El Fracaso De Las Micro, Pequenas Y Medianas Empresas En Quintana Roo, Mexico: Un Analisis Multivariante," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 4(3), pages 21-33.
    8. Catherine Refait, 2004. "La prévision de la faillite fondée sur l’analyse financière de l’entreprise : un état des lieux," Économie et Prévision, Programme National Persée, vol. 162(1), pages 129-147.
    9. Balcaen, Sofie & Ooghe, Hubert, 2006. "35 years of studies on business failure: an overview of the classic statistical methodologies and their related problems," The British Accounting Review, Elsevier, vol. 38(1), pages 63-93.
    10. Wolfgang K. Härdle & Rouslan A. Moro & Dorothea Schäfer, 2004. "Rating Companies with Support Vector Machines," Discussion Papers of DIW Berlin 416, DIW Berlin, German Institute for Economic Research.
    11. Amin Jan & Maran Marimuthu & Muhammad Kashif Shad & Haseeb ur-Rehman & Muhammad Zahid & Ahmad Ali Jan, 2019. "Bankruptcy profile of the Islamic and conventional banks in Malaysia: a post-crisis period analysis," Economic Change and Restructuring, Springer, vol. 52(1), pages 67-87, February.
    12. Fayçal Mraihi, 2016. "Distressed Company Prediction Using Logistic Regression: Tunisian’s Case," Quarterly Journal of Business Studies, Research Academy of Social Sciences, vol. 2(1), pages 34-54.
    13. Hu, Yu-Chiang & Ansell, Jake, 2007. "Measuring retail company performance using credit scoring techniques," European Journal of Operational Research, Elsevier, vol. 183(3), pages 1595-1606, December.
    14. Kolari, James & Glennon, Dennis & Shin, Hwan & Caputo, Michele, 2002. "Predicting large US commercial bank failures," Journal of Economics and Business, Elsevier, vol. 54(4), pages 361-387.
    15. Saoussen Boujelben & Fedhila Hassouna, 2007. "La pertinence des cash-flows d'exploitation et de l'information financière traditionnelle dans la prévision de la détresse financière des entreprises tunisiennes," Post-Print halshs-00544881, HAL.
    16. Laitinen, Erkki K., 2007. "Classification accuracy and correlation: LDA in failure prediction," European Journal of Operational Research, Elsevier, vol. 183(1), pages 210-225, November.
    17. du Jardin, Philippe, 2015. "Bankruptcy prediction using terminal failure processes," European Journal of Operational Research, Elsevier, vol. 242(1), pages 286-303.
    18. Almamy, Jeehan & Aston, John & Ngwa, Leonard N., 2016. "An evaluation of Altman's Z-score using cash flow ratio to predict corporate failure amid the recent financial crisis: Evidence from the UK," Journal of Corporate Finance, Elsevier, vol. 36(C), pages 278-285.
    19. Peresetsky, A. A., 2011. "What factors drive the Russian banks license withdrawal," MPRA Paper 41507, University Library of Munich, Germany.
    20. Farida Titik Kristanti, 2017. "Corporate Governance, Financial Ratios, Political Risk and Financial Distress, A Survival Analysis," GATR Journals afr130, Global Academy of Training and Research (GATR) Enterprise.

    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:eur:ejesjr:41. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Revistia Research and Publishing (email available below). General contact details of provider: https://revistia.com/index.php/ejes .

    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.