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Sustainability of Bosnia and Herzegovina’s international trade flows

Author

Listed:
  • Branimir Skoko

    (Faculty of Economics, University of Mostar)

  • Pero Zovko

    (Faculty of Economics, University of Mostar)

Abstract

The aim of this research is to examine the sustainability of international trade flows of Bosnia and Herzegovina with the rest of the world. The data sample consists of quarterly data from the first quarter of 2008 to the last quarter of 2016. Johansen tests of cointegration indicated that exports and imports are cointegrated in case of Bosnia and Herzegovina and Vector Error Correction Model (VECM) is estimated and tested. Research results revealed bidirectional weakly sustainable relationship between exports and imports pointing out the need to improve external competitiveness of Bosnia and Herzegovina’s economy.

Suggested Citation

  • Branimir Skoko & Pero Zovko, 2018. "Sustainability of Bosnia and Herzegovina’s international trade flows," Notitia - journal for economic, business and social issues, Notitia Ltd., vol. 1(4), pages 1-8, December.
    • Handle: RePEc:noa:journl:y:2017:i:3:p:1-8
    as

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    File URL: http://www.notitia.hr/RePEc/noa/journl/01_2018.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Import; Export; Sustainability; Bosnia and Herzegovina;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C34 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Truncated and Censored Models; Switching Regression Models
    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance

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