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A Model For Economic Growth In Bosnia And Herzegovina

Author

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  • Joseph W. H. Lough

    (University of California, Berkeley)

Abstract

In the early 1990s, when the break-up of the soviet bloc spread to the Balkans, dominant neoliberal economic wisdom recommended swift privatization of public assets, deregulation, and dismantling of the social safety net. Building upon the research of one of neoliberalism’s leading architects, this paper examines why enacting neoliberal economic and social policies in Bosnia and Herzegovina have led to outcomes contrary to those predicted by traditional neoliberal theory. We conclude by offering five policy recommendations that should, when enacted, reduce market distortions and yield significant economic growth.

Suggested Citation

  • Joseph W. H. Lough, 2014. "A Model For Economic Growth In Bosnia And Herzegovina," Economic Review: Journal of Economics and Business, University of Tuzla, Faculty of Economics, vol. 12(1), pages 15-30.
    • Handle: RePEc:tuz:journl:v:12:y:2014:i:1:p:15-30
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    References listed on IDEAS

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    1. Tamura, Robert, 1996. "From decay to growth: A demographic transition to economic growth," Journal of Economic Dynamics and Control, Elsevier, vol. 20(6-7), pages 1237-1261.
    2. Harvey, David, 2005. "The New Imperialism," OUP Catalogue, Oxford University Press, number 9780199278084.
    3. Edward F. Denison, 1961. "United States Economic Growth," The Journal of Business, University of Chicago Press, vol. 35, pages 109-109.
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    Cited by:

    1. García-Olivares, Antonio & Ballabrera-Poy, Joaquim, 2015. "Energy and mineral peaks, and a future steady state economy," Technological Forecasting and Social Change, Elsevier, vol. 90(PB), pages 587-598.
    2. Karim, Azreen, 2016. "The household response to persistent natural disasters: Evidence from Bangladesh," Working Paper Series 4968, Victoria University of Wellington, School of Economics and Finance.
    3. Adeyemi A. Ogundipe & Opeyemi Akinyemi & Oluwatomisin M. Ogundipe, 2016. "Electricity Consumption and Economic Development in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 6(1), pages 134-143.
    4. Oleg Badunenko, 2017. "Labor Market Regulations and Growth," Working Papers in Economics & Finance 2017-07, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.
    5. Fir Nejc, 2022. "Does Debt Have Threshold Effects on Medium-Term Growth? Evidence from European Union Countries," Naše gospodarstvo/Our economy, Sciendo, vol. 68(2), pages 1-18, June.
    6. Oleg Badunenko & Daniel J. Henderson & Valentin Zelenyuk, 2017. "The Productivity of Nations," Working Papers in Economics & Finance 2017-05, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group.

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    More about this item

    Keywords

    Economic growth; Neoliberal economic theory; New economy;
    All these keywords.

    JEL classification:

    • L13 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Oligopoly and Other Imperfect Markets
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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