scholarly journals Structural Weaknesses in the Economy of Bosnia and Herzegovina – A Brake on Growth and Development

2017 ◽  
Vol 4 (5) ◽  
pp. 54
Author(s):  
Zoran Mastilo ◽  
Radmila Čičković

To present the status and development of economies of the countries, a number of macroeconomic indicators is available and used and the most important aggregate in the system of national accounts is the gross domestic product (GDP).An analysis of GDP serves to present the status and trends of the economy of Bosnia and Herzegovina (BiH). We have used the comparison method, in order to establish the status, as well as trends in the economy of BiH in comparison with the neighbouring countries with similar GDP structures and with economies of some developed countries.We note that the structure of gross value added (GVA) in BiH is not primarily oriented towards profitable activities, nor towards activities giving a synergistic effect on the entire economy. The service sector is not sufficiently developed. GDP per capita in 2015 was almost eight times lower than the one recorded in the EU member countries. The relationship between consumption and investment, in addition to the negative balance of trade, are negative determinants of the BiH economy. The global crisis has produced negative effects on the BiH economy. Such trends were imminent even in the developed countries, the only difference is that the developed countries, by size of their GDP per capita, are far stronger and more developed than the BiH economy. The economy is small in its size and growth rates are not sufficient to provide a visible progress, as is the case with developed countries.BiH needs to put maximum efforts into increasing its value added in areas that are fast and strong in contributing to the growth and development.

2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.


2019 ◽  
Vol 27 (1) ◽  
pp. 18-34
Author(s):  
Mikhail E. Savlov

The presented article gives a general description of the sphere of non-material production of Russia and Azerbaijan, which is based on the key macroeconomic indicators. The internal heterogeneous structure of the sector is also illustrated, structural features of the service sector and its individual segments in both countries are revealed. The objectivity and adequacy of the sphere characteristics of non-material production of Russia and Azerbaijan is based on intercountry comparisons. Macroeconomic indicators of main developed countries (the USA, Japan, Germany, France, the United Kingdom), the BRICS countries and the former Soviet republics serve as a background for the illustration of the service sectors of Russia and Azerbaijan. It is too early to refer Russia and Azerbaijan to post-industrial countries, even considering only one economic parameter - the structure of the economy. Considering the gross value added (GVA) of the service sector per capita in current prices and the GVA of the service sector per capita in constant 2010 prices, Russia and Azerbaijan lag behind the leading economies of the world, some BRICS countries and even some former republics of USSR. In this regard, the study of the sphere of intangible production is not so popular in Russia and Azerbaijan, as the economic background for the actualization of these studies has not been yet created.


2017 ◽  
Vol 4 (5) ◽  
pp. 31 ◽  
Author(s):  
Sotirios K. Bellos

The paper examines the relation between military expenditure and three growth and development related variables (GDP growth, GDP per capita and Industry Value Added) in 31 transition economies during the 1989-2014 period. The empirical results reflect a positive association between military expenditure and the examined growth and development variables. The causality analysis shows though that the causality direction runs from the examined growth and development related variables towards military expenditure in all cases. This in turn reveals a common tendency in the studied economies, which is related to the tensions and developments in the wider studied area.


2019 ◽  
Vol 65 (3) ◽  
pp. 140-187
Author(s):  
Sotirios K. Bellos

Abstract The paper examines the relation between military expenditure and three growth and development related variables (GDP growth, GDP per capita growth and Industry Value Added growth) in 31 transition economies during the 1985–2018 period and in a series of different samples by applying the Panel VAR GMM methodology. The empirical results reveal different patterns of the significant association between military expenditure and the examined growth and development variables, which is positive for certain samples and negative for others. The causality analysis shows that in the vast majority of the cases, the causality direction runs from military expenditure towards the examined growth and development related variables. In addition, the analysis provides uniform evidence on certain positive impacts of defense expenditure on population growth and schooling and negative impacts on savings. The results from the Ex-Soviet Economies are of particular interest as the association between military expenditure and the examined growth-related variables, becomes positive. We interpret the results in the context of the wider characteristics of the particular geographical area. JEL Classifications: H50, H56 Transition Economies, Transition, Military Expenditure, Economic growth, GDP per capita, Industry Value Added


2018 ◽  
pp. 222-244
Author(s):  
Şevket Pamuk

This chapter explores how the decades after World War II were a period of rapid growth for Turkey. Despite the crises in the mid-1950s and in the second half of the 1970s, GDP per capita increased at an average annual rate above three percent and more than doubled during the period 1950–1980. These rates of growth were unprecedented for Turkey. The long-term rates of growth achieved in Turkey after World War II were roughly comparable to the averages for both the developed countries and developing countries as a whole. As a result, the per capita GDP gap between Turkey and the developed countries changed little during this period.


2020 ◽  
Vol 18 (3) ◽  
pp. 513
Author(s):  
Nikola Petrović ◽  
Nebojša Bojović ◽  
Marijana Petrović ◽  
Vesna Jovanović

In view of the European Union as one of the main polluters in the word and the fact that GDP per capita in the European Union is equivalent to the 282 percent of the world`s average, it is interesting to study the relationship between transport GHG emissions and the economic activity within the European Union. In the paper, the authors check the environment Kuznets curve hypothesis for members of the EU over the period 2000-2014. The analysis results show that an inverse-U relationship exists between transport GHG emissions and GDP per capita. At the same time, the results indicate that the change of economic structure has influenced the transport GHG emissions in the developed countries, that is, in the countries that record a higher level of GDP per capita.


2018 ◽  
pp. 71-91 ◽  
Author(s):  
I. L. Lyubimov ◽  
M. V. Lysyuk ◽  
M. A. Gvozdeva

Well-established results indicate that export diversification might be a better growth strategy for an emerging economy as long as its GDP per capita level is smaller than an empirically defined threshold. As average incomes in Russian regions are likely to be far below the threshold, it might be important to estimate their diversification potential. The paper discusses the Atlas of economic complexity for Russian regions created to visualize regional export baskets, to estimate their complexity and evaluate regional export potential. The paper’s results are consistent with previous findings: the complexity of export is substantially higher and diversification potential is larger in western and central regions of Russia. Their export potential might become larger if western and central regions, first, try to join global value added chains and second, cooperate and develop joint diversification strategies. Northern and eastern regions are by contrast much less complex and their diversification potential is small.


2012 ◽  
Vol 59 (3) ◽  
pp. 293-310 ◽  
Author(s):  
Gordan Stojic

There are several divisions of countries and regions in the world. Besides geo-political divisions, there also are economic divisions. The most common economic division is the that on developed countries and the poor ones. These divisions are a consequence of the level of: GDP, GDP per capita, unemployment rate, industrial growth, and so on. The question is how to define a mathematical model based on which the following will be assessed: who is rich and who is poor, or who is economically developed and who is not? How the boundaries of transition from one category to another can be defined? This paper presents a model for evaluating the level of economic development of countries and regions using "fuzzy" logic. The model was tested on a sample of 19 EU member countries and aspirants for membership.


2021 ◽  
Vol 36 (Supplement_1) ◽  
Author(s):  
A Lass ◽  
G Lass

Abstract Study question Are there any correlations between a country’s wealth determined by GDP per capita and its total fertility rate (TFR) and utilisation of ART in Europe? Summary answer There is strong correlation across Europe between GDP and utilisation of ART. This correlation does not exist when only investigating the European Economic Area (EEA) What is known already The number of documented ART cycles has increased significantly from 203,893 cycles in 1997 (first European report) to 918,159 in 2016. During the same period, growth was observed in European GDP and, to a lesser extent, TFR following a significant and prolonged decline. Global data suggest that utilisation rate is higher in developed countries, speculated to be due to either generous reimbursement systems or higher affordability for patients paying out of pocket. This study analysed for the first time the relationships between national GDP, TFR and utilisation in Europe both as a whole, and specifically the more affluent EEA Study design, size, duration This study was an analysis of publicly available primary international reports: total cycles in the European IVF-monitoring Consortium (EIM) and TFR, GDP and population size from the World Bank indicators (https://data.worldbank.org/indicator). The period studied ranged from the first EIM report for 1997 (published in 1999) to the 20th report for 2016 (published in 2020). Participants/materials, setting, methods TFR was described as births per women (BPW) and country wealth was presented as GDP per capita in US Dollars. Utilisation rate was defined as the total national number of cycles (fresh IVF and ICSI, and frozen embryo transfer) divided per population, and presented as cycles per million (CPM). When utilisation was not reported, total cycles were projected by proportional calculation. Pearson Correlations were calculated using Sigmaplot for utilisation, GDP and TFR in 2016 Main results and the role of chance Forty countries were included in the EIM report for 2016, of which 18 reported in full. The median utilisation rate was 1280 CPM (range 162 - 3,156) and median TFR was 1.6 BPW (range 1.26 - 2.73); only one country, Kazakhstan, had a TFR above the natural fertility replacement level of 2.1 BPW. Mean GDP was $31604 per capita (range $10,610 - $110,650). There was no correlation between TFR and utilisation or between TFR and GDP, however there was a significant positive correlation between GDP and CPM (correlation coefficient = 0.428; P = 0.00661). Compared to Europe as a whole, analysis of only the EEA countries – EU member states plus Norway, Iceland, and Switzerland – revealed a similar median TFR (1.59), but a 27% increase in the utilisation rate to 1629 CPM (range: 317 – 3157) and 24% rise in GDP per capita to $39,300 (range: $19,885- $110,650). For the EEA, no significant correlations were observed, including between GDP and utilisation (correlation coefficient = 0.131; P = 0.507). Additionally, there was no significant correlation between TFR and GDP in the EU for the period of 1997 – 2016. Limitations, reasons for caution The data is a snapshot of a single year, but we observed similar outcomes in previous years. Projection calculation of utilisation in partially reporting countries may cause bias, however, with a reporting level of 92% (1347 of 1467 clinics), this bias is probably very limited. Wider implications of the findings: Findings of this study confirm that there are strong disparities in the availability of ART even in Europe. This difference does not exist in the more affluent countries in Europe suggesting that the reason for lower utilisation in lower-income countries being reduced affordability. Trial registration number NA


Author(s):  
Utpal Das ◽  
Ramesh Chandra Das ◽  
Kamal Ray

The development of road infrastructure works as one of the most important inputs of production and overall economic activities all around the global economics. The developed countries of the west hold the larger road lengths in both gross and per capita terms compared to the less developed and emerging countries. But it is also undeniable that the less developed emerging countries have been growing fast in this respect or rushing to catch with the developed countries. The present chapter, hence, tries to study the modes of growth and convergence of GDP per kilometer of road length across the 30 selected countries for the period of 1990-2011 by means of ? convergence and also try to estimate the cross country inequalities by means of Gini Coefficients. It observes a sign of ? convergence and the inequality are going down over time, although there are some signs of divergences in some of the short time spans.


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