IDEAS home Printed from https://ideas.repec.org/a/vrs/ecothe/v57y2019i4p433-457n3.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/ethemes-2019-0025
    Download Restriction: no
    File URL: https://libkey.io/10.2478/ethemes-2019-0025?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. 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.
    2. 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.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    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. Massimo Aria & Giuseppe Lucio Gaeta & Ugo Marani, 2019. "Similarities and Differences in Competitiveness Among European NUTS2 Regions: An Empirical Analysis Based on 2010–2013 Data," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(1), pages 431-450, February.
    2. Peter Mayerhofer & Oliver Fritz & Dieter Pennerstorfer, 2010. "Dritter Bericht zur internationalen Wettbewerbsfähigkeit Wiens," WIFO Studies, WIFO, number 42430, April.
    3. Argentino Pessoa, 2013. "Competitiveness, Clusters And Policy At The Regional Level: Rhetoric Vs. Practice In Designing Policy For Depressed Regions," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 101-116, June.
    4. Argentino Pessoa, 2011. "How high is the ability of tourism to reverse the course of depressed regions? An appraisal based on the recovery of the Portuguese Douro Valley," ERSA conference papers ersa10p1148, European Regional Science Association.
    5. Hossein Komasi & Sarfaraz Hashemkhani Zolfani & Olegas Prentkovskis & Paulius Skačkauskas, 2022. "Urban Competitiveness: Identification and Analysis of Sustainable Key Drivers (A Case Study in Iran)," Sustainability, MDPI, vol. 14(13), pages 1-22, June.
    6. Yasuyuki Motoyama, 2008. "What Was New About the Cluster Theory?," Economic Development Quarterly, , vol. 22(4), pages 353-363, November.
    7. Salmon, Keith, 2008. "New Directions in European Regional Policy and their Implications for Spain," INVESTIGACIONES REGIONALES - Journal of REGIONAL RESEARCH, Asociación Española de Ciencia Regional, issue 12, pages 147-177.
    8. Anna Golejewska, 2013. "Competitiveness, Innovation and Regional Development. The Case of the Visegrad Group Countries," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 7-8, pages 87-112.
    9. Gligor Delia Anca Gabriela, 2015. "The Effect Of Structural Funds On Regional Competitiveness In The New Eu Countries: The Case Of Romania And Bulgaria," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 225-235, January.
    10. Nikolaos Kapitsinis & Theodore Metaxas, 2012. "Territorial Competition: Theories, arguments, policies and lessons of the last 25 years," ERSA conference papers ersa12p947, European Regional Science Association.
    11. KAPITSINIS, Nikolaos & METAXAS, Theodore & DUQUENNE, Marie Noelle, 2013. "Exploring The Coherence And The Meaning Of Territorial Competition: Do National States Behave In The Same Way As Firms In Case Of Default?. The Cases Of Greece And Dubai," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 57-72.
    12. Luigi Bonatti & Andrea Fracasso, 2017. "Addressing the Core-Periphery Imbalances in Europe: Resource Misallocation and Expansionary Fiscal Policies," EconPol Working Paper 6, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    13. Tatyana Boikova & Sandija Zeverte-Rivza & Peteris Rivza & Baiba Rivza, 2021. "The Determinants and Effects of Competitiveness: The Role of Digitalization in the European Economies," Sustainability, MDPI, vol. 13(21), pages 1-22, October.
    14. Stefano Mollica & Giovanna Hirsch, 2012. "Urban competitiveness in Italy: a benchmarking and benchlearning approach to support local government decisions," Chapters, in: Peter Karl Kresl & Daniele Ietri (ed.), European Cities and Global Competitiveness, chapter 4, pages 59-76, Edward Elgar Publishing.
    15. Delia Anca Gabriela Gligor & Marius Ioan Pantea, 2015. "Regional Competitiveness And The Impact Of Eu Structural Funds: The Case Of Romania," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(43), pages 58-67.
    16. Emine Demet EKİNCİ HAMAMCI, 2019. "Regional Competitiveness in Turkey," Istanbul Journal of Economics-Istanbul Iktisat Dergisi, Istanbul University, Faculty of Economics, vol. 69(1), pages 67-101, June.
    17. Milivoje Radovic & Radoje Zugic & Nikola Milovic, 2013. "Economic Institutions And Competitiveness Of Economy With Emphasis On Montenegro," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 9(1), pages 63-74.
    18. Imre Lengyel, 2011. "Types of competitiveness of Hungarian regions: agglomeration economies and endogenous regional development," ERSA conference papers ersa11p674, European Regional Science Association.
    19. Coppola, A. & Ianuario, S. & Chinnici, G. & Di Vita, G. & Pappalardo, G. & D'Amico, D., 2018. "Endogenous and Exogenous Determinants of Agricultural Productivity: What Is the Most Relevant for the Competitiveness of the Italian Agricultural Systems?," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(2).
    20. Sung Li & Long Zhao, 2015. "The competitiveness and development strategies of provinces in China: a data envelopment analysis approach," Journal of Productivity Analysis, Springer, vol. 44(3), pages 293-307, December.

    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

    Statistics

    Access and download statistics

    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:vrs:ecothe:v:57:y:2019:i:4:p:433-457:n:3. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    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.