Impact of technology-intensive exports on GDP of Western Balkan Countries

Jelena Trlaković, Danijela Despotović and Lela Ristić

Journal of Policy Modeling, 2018, vol. 40, issue 5, 1038-1049

Abstract: This paper aims to determine, by means of regression analysis, which exported product groups, categorized according to their technological intensity, have the greatest effect on the movements in the volume of GDP p/c of the Western Balkan Countries (WBCs). The analysis, based on statistical-econometric methodology, includes 16 commodity groups per each WBC (Albania; Bosnia and Herzegovina; Croatia; FYR Macedonia; Montenegro; Serbia). The data were collected and presented in accordance with the HS4 system classification, which is also used for development of the ITC’s Trade Map. The results of the analysis show that those commodity groups produced by medium-low and low technology industries have the greatest effect on the change in the volume of GDP p/c in all WBCs in the period 2005–2015.

Keywords: Product groups; Technological intensity; GDP p/c; WBCs (Western Balkan Countries) (search for similar items in EconPapers)
JEL-codes: C12 O39 P27 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:40:y:2018:i:5:p:1038-1049

DOI: 10.1016/j.jpolmod.2018.01.006

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