Economic development of the Western Balkans and European Union investments

Popović, Goran; Erić, Ognjen

doi:10.1080/1331677x.2018.1498009

Cited by 17 publications

(20 citation statements)

References 36 publications

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“…The basis for the development of any economic structure is the investment process. The possibility of implementing investment activities at an enterprise directly depends on its investment potential (Smith, 1961;Nickell, 1978; Barrell and Holland, 2000;Kanashkina, 2015;Ivancic -Kacer, 2016;Popović and Erić, 2018). The investment potential of an enterprise can be defined as a combination of all the resources that an enterprise can use in the course of the investment activities (Brealey and Myers, 1995;Shamanska, 2010;Lytvynenko and Bakumenko, 2018).…”

Section: Introductionmentioning

confidence: 99%

Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise

Sytnik¹,

Stopochkin²,

Wielki³

2019

ERSJ

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Purpose: The purpose of this article is the development of a model for optimizing the investment potential formation process for an enterprise based on the analysis of selected macroeconomic management factors. In the course of the study, it was decided to form four groups of macroeconomic indicators: indicators characterizing the overall development and efficiency of the Polish economy; indicators characterizing inflationary processes; indicators characterizing the dynamics of changes in the volumes of foreign and domestic trade of Poland; data that allow assessing the level of public debt and the state budget deficit of Poland. Design/Methodology/Approach: The research methodology is based on the use of the following methods: a descriptive statistics method; the method of grouping statistical data; the method of correlation analysis, as well as the regression analysis method. Findings: The results of the correlation analysis allowed to identify three factors that most affect the economic growth in the country and on this basis to develop a model for optimizing the investment potential formation process for an enterprise. Practical Implications: The model developed by the authors and the resulting rating of macroeconomic factors influencing the process of formation of investment resources can be the scientific rationale for the process of optimization and intensification of investment processes (development processes) in Polish enterprises. Originality/Value: The results of the correlation analysis allowed us to identify three factors that most affect the economic growth in the country and on this basis to develop a model for optimizing the investment potential formation process for an enterprise.

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Section: Introductionmentioning

confidence: 99%

Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise

Sytnik¹,

Stopochkin²,

Wielki³

2019

ERSJ

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“…Some researchers emphasize the significance of the labor force price, but some of them prefer countries with higher qualified work force rather than those with cheap workforce. This implies the connection between the system of education, scientific research, innovativeness and the FDI inflow (Popović G. and Erić, O., 2018).…”

Section: Discussionmentioning

confidence: 99%

Education, technological changes and economic development of Bosnia and Herzegovina

Popović

Erić

Stanić

et al. 2019

IJCRSEE

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Accumulation of knowledge, the role of education and innovations in the stimulation of economic development are important for understanding the endogenous theory of growth. The aim of this paper is to determine the strength and direction of relations between independent variables of education, technological development, innovations, foreign investments and the economic growth of Bosnia and Herzegovina (B&H). The relations between variables are assessed by multiple regression analysis for the period 2005 - 2017. GDP per capita (pc), as a measure of general wellbeing and economic development is a dependent variable of the regression model. Education Years Average, Technological readiness and Innovations are explanatory variables, whereas Foreign investments and Macroeconomic environment are control variables. The results indicate statistical significance of variables Education Years Average, Technological readiness and Innovations. The first two variables indicate a positive effect on the economic development, whereas Innovations have a negative effect on the economic development. The control variables are statistically insignificant. Therefore, more investment is recommended in the field of education, science and research. Institutions should be more developed and scientific-research systems should be harmonized with the European Union. It is the only way for B&H to be able to respond to global challenges when it comes to competitiveness, export and the GDP growth. Examples and experiences of this country can be useful for research activities in similar post-transition countries.

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“…The first and most important step in time series analysis is to check the unit root. The most appropriate method can be used for verification from a wide range (Faisal et al, 2018;Popovi c & Eri c, 2018;Sasongko et al, 2019): Dickey-Fuller (DF) test, Augmented Dickey-Fuller (ADF) test, Philip Perron (PP) test, Kwiatkowski-Phillips-Schmidt-Shin (KPSS) test.…”

Section: Methodsmentioning

confidence: 99%

Assessment of the factors influencing competitiveness fostering the country’s sustainability

Neverauskienė

Danilevičienė

Tvaronavičienė

2020

Economic Research-Ekonomska Istraživanja

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Competitiveness is a complex economic category that is closely related to the country's sustainability. Sustainability can be achieved through the creation of added value, the fostering of quality management and the applying principles of social responsibility, and each area of the activity trying to be competitive at the same time. It follows that both competitiveness and sustainability are dependent on a number of factors at both micro and macro levels. The objective of the article is to assess the impact of factors on competitiveness and consequently on the sustainability of the country. In addition, the following tasks have been implemented: to analyze the theoretical aspects of competitiveness and sustainability; to reveal the main factors, that have an influence on the competitiveness; to assess the influence of factors on competitiveness fostering the sustainability. In this article, the following methods of analysis are used: an analysis and summary of the scientific literature, analysis of the statistical data, Granger causality test, correlation and regression analysis.

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Economic development of the Western Balkans and European Union investments

Cited by 17 publications

References 36 publications

Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise

Analysis of Macroeconomic Factors Affecting the Investment Potential of an Enterprise

Education, technological changes and economic development of Bosnia and Herzegovina

Assessment of the factors influencing competitiveness fostering the country’s sustainability

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