Sustainability of Bosnia and Herzegovina’s international trade flows

Branimir Skoko () and Pero Zovko ()
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Branimir Skoko: Faculty of Economics, University of Mostar
Pero Zovko: Faculty of Economics, University of Mostar

Notitia - journal for economic, business and social issues, 2018, vol. 1, issue 4, 1-8

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.

Keywords: Import; Export; Sustainability; Bosnia and Herzegovina (search for similar items in EconPapers)
JEL-codes: C01 C34 F1 F3 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:noa:journl:y:2017:i:3:p:1-8

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