The main goal of the study is to empirically investigate the factors that have potential influence on the economic growth of Bosnia and Herzegovina. The factors that were used as the potential determinants of the economic growth include export, import, producer price index, physical capital, government consumption, and household consumption. For the purpose of the study quarterly observations of the above mentioned variables spanning from 2008 to 2022 are collected from the International Monetary Fundand the Agency for Statistics of B&H data bases. Ordinary least squares regression analysis is used to empirically investigate the influence of the macroeconomic variables on the economic growth in B&H. Theresults indicate that there is a significant influence of export, import, physical capital, government debt, and household consumption on economic growth in BiH. Furthemore, the results indicate that there is no significant influence of producer price index and government debt on the economic growth in BiH.

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Determinants of Economic Growth: Empirical Evidence from Bosnia and Herzegovina

  • Irfan Djedović,
  • Lejla Pindžo Haznadarevic,
  • Edin Djedović

摘要

The main goal of the study is to empirically investigate the factors that have potential influence on the economic growth of Bosnia and Herzegovina. The factors that were used as the potential determinants of the economic growth include export, import, producer price index, physical capital, government consumption, and household consumption. For the purpose of the study quarterly observations of the above mentioned variables spanning from 2008 to 2022 are collected from the International Monetary Fundand the Agency for Statistics of B&H data bases. Ordinary least squares regression analysis is used to empirically investigate the influence of the macroeconomic variables on the economic growth in B&H. Theresults indicate that there is a significant influence of export, import, physical capital, government debt, and household consumption on economic growth in BiH. Furthemore, the results indicate that there is no significant influence of producer price index and government debt on the economic growth in BiH.