Effects of technological changes and trade liberalisation on industrial development in the Western Balkan Countries
Bibliographic Data
| ID | 15068281 |
|---|---|
| Authors | Goran Popović (0000-0003-4649-8302, University of Banja Luka, corresponding author), Ognjen Erić (0000-0002-5318-9543, University of Banja Luka), Stanko Stanić (0000-0003-3833-4930, University of Banja Luka) |
| Year | 2021 |
| Volume | 34 |
| Issue | 1 |
| Pages | 2873-2889 |
| Publication date | 2021-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2020.1845967 |
| OpenAlex | W3109021686 |
| Language | EN |
| Citations received | 1 |
| References cited | 44 |
The transition process in the Western Balkan Countries (W.B.C.) is followed by efforts focused on modernisation and industrial manufacture growth. However, industries in these countries are still under the pressure of the need for restructuring and the rules of an open market. Opening towards the world and transferring new technologies are related processes. Although they are of the same importance, adoption of new technologies is a process which is more demanding than trade liberalisation process. Technological and trade openness pander to other factors of development and contribute to higher efficiency of investments. Industrial manufacture growth spurs economic growth. Furthermore, share of industrial production in G.D.P. as dependent variable represents the scope and quality of industrial development. The hypothesis is that the share of industrial production in G.D.P. is affected by: Technological readiness, Manufacture value added and Merchandise trade as well as Gross investments and Innovations. Results of panel analysis indicate that Technological readiness, Manufacture value added and Gross investments have positive and significant impact on industrial development. Negative coefficient of merchandise trade liberalisation in the panel model implies slowdown of industrial development, and one of the reasons is continuously high merchandise trade deficit in W.B.C
Business · Economic growth · Economics · Industrial organization · Industrial production · International economics · International trade · Liberalization · Macroeconomics · Market economy · Modernization theory · Openness to experience · Panel data · Restructuring · Technological change · Economic Growth and Productivity · Global Trade and Competitiveness · Global trade and economics
Innovation, Industrial Dynamics and Structural Transformation
Econometric Analysis of Panel Data
Analysis of Panel Data
Capitalism and Freedom
The Unbound Prometheus
Foreign direct investment as a catalyst for industrial development
Industrial Policy for the Twenty-First Century
Functions of innovation systems
Panel data analysis—advantages and challenges
On the mechanics of economic development
Specification Tests in Econometrics
The new growth theory and development economics
Europe's Troubled Region
Sources of export growth and development of manufacturing industry
Determinants of manufacturing industry exports in European Union member states
Economic development of the Western Balkans and European Union investments
Croatian industrial policy in the context of deindustrialisation
Industrial development, technological change, and long-run growth
Promoting industrial development through technology policy
Localised and Biased Technologies
A Contribution to the Theory of Economic Growth
| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2026 - 2026 (1) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |