Liberalization of Trade with Leading Trade Partners: Some Evidence from Bosnia and Herzegovina

Safet Kurtovic, Blerim Halili and Nehat Maxhuni

MPRA Paper from University Library of Munich, Germany

Abstract: In this study, the effect of trade liberalization with the leading trade partners on the B&H trade balance was researched. The theoretical framework includes a gravity model and econometric technique GMM dynamic panel. The research results have shown that export of products from B&H increased thanks to the growth of macroeconomic indicators of trading partners, dummy variables and the export of certain products according to the sector structure. On the other hand, imports of products in B&H decreased due to the decline of macroeconomic indicators of B&H, dummy variables and reduced imports of certain products according to the sector structure.

Keywords: Trade liberalization; trade balance; imports; exports; trade deficit (search for similar items in EconPapers)
JEL-codes: F14 F31 F32 (search for similar items in EconPapers)
Date: 2016-10-10, Revised 2016-11-04
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:75053

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