Suchergebnisse

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 the case of Bosnia and Herzegovina and Vector Error Correction Model (VECM) is estimated and tested. Research results revealed a bidirectional weakly sustainable relationship between exports and imports pointing out the need to improve external competitiveness of Bosnia and Herzegovina's economy.

Membership in the European Union is the aspiration of the most European countries, especially the underdeveloped and politically still unstable, former socialist countries. Those countries strives to find economic prosperity and political stability in the EU, despite many constraints of economic and political nature. In order to help solve the problem and ensure the more successful adaptation the EU has created special financial instruments to assist candidate countries, where each country is responsible for its own progress and withdrawal of available funds. This work will search all important determinants of use of EU Pre-Accession Funds in SEE countries taking into account features and specifics of each program, as well as problems these countries are facing with. The main purpose and aim of this paper is to explore the absorption capacities of candidate countries and potential candidate countries of SEE in withdrawing funds from EU pre-accession funds. Bearing in mind the political and economic specificities, special attention will be given to its absorption capacities and the possibilities for their improvement in the existing institutional and economic framework.