Foreign Trade Liberalisation and Economic Growth: The Case of the Republic of Srpska

Abstract

This paper assesses the impact of trade liberalisation on the economic growth of the Republic of Srpska (RS). The aim of the research is to prove the hypothesis that trade liberalisation and export orientation positively impact on GDP growth. RS has characteristically small and open economies. The degree and character of the connections between the observed variables was determined by means of regression analysis. Regression analysis indicates that there is a positive connection between the total trade and GDP growth. Further, there is a marked positive correlation between export and GDP, that is, export growth contributes to GDP growth. Foreign trade deficit stands in a negative correlation with GDP. Lastly, regression analysis points to the connection between the Republic of Srpska economic growth and openness of its economy. However, uncontrolled opening and exposure to foreign competitiveness can also bring about problems which in certain circumstances lead to long-term macroeconomic instability.

Impact of Trade Openness, Human Capital Through Innovations on Economic Growth: Case of the Balkan Countries

“…Their research came to the conclusion that only the impact of trade openness is statistically significant, and that it has a positive direction. Popović et al (2019) showed positive connection between total trade and GDP growth in the Republic of Srpska. They also showed negative correlation between trade deficit and GDP.…”

Foreign Trade as a Determinant of Economic Growth of the Republic of Srpska: An Empirical Analysis

“…The research showed that foreign trade is very important for the economic growth of the Republic of Srpska, but it is necessary to work on reduction of the foreign trade deficit, primarily through increasing exports and changing the commodity structure of exports. Erić, Popović and Popović (2019) investigated the impact of trade liberalization on the economic growth of the Republic of Srpska. Applying regression analysis, it was determined that the share of foreign trade and exports in GDP has a positive impact on the economic growth of the Republic of Srpska, while the movement of the trade deficit is negatively correlated with the economic growth.…”

Οι Διάκονοι Και Η Διακονία Του Λόγου Στη Σερβική Εκκλησία Κατά Τον 19ο Και 20ο Αιώνα

“…Όλα όσα είπε ο Κύριος για τον κόσμο και την κτίση, για τον παράδεισο και την κόλαση, για τα αστέρια και τον ήλιο, όλα είναι αληθινά. Ο ίδιος ο Θεός, ο οποίος στα Θεοφάνια αποκαλύφθηκε ως Θεός-Τριάδα, αυτός θα μας 395 Ιων.8,44.οδηγήσει στη βασιλεία των ουρανών, όπου κυριαρχούν η χαρά και όλες οι αλήθειες του Θεού, οι αλήθειες οι οποίες πηγάζουν από το θαυμαστό πρόσωπο του Ιησού Χριστού, που ο ίδιος είναι η αλήθεια».392 Ο Όσιος Πατήρ σε κάποια σημεία των ομιλιών του για τα Θεοφάνια χρησιμοποιεί αποσπάσματα από τα λειτουργικά κείμενα της γιορτής 393. Ο Κύριος ήρθε στον κόσμο για να ανανεώσει την εικόνα του ανθρώπου όπως λέει ο εκκλησιαστικός ύμνος.…”