Macroeconomic determinants of Sustainable Development in Bosnia and Herzegovina

Emil, Knezović and ERGÜN, Uğur (2012) Macroeconomic determinants of Sustainable Development in Bosnia and Herzegovina. In: 3rd International Symposium on Sustainable Development, May 31 - June 01 2012, Sarajevo.

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Abstract

The origin of term sustainable development comes from forestry and it means the extent of cutting and putting the new trees on the planet. Synonymous for it is sustainability and it refers to ability to endure as much longer as it is possible. This paper shows the degree of correlation between sustainable development in Bosnia and Herzegovina and five macroeconomic determinants: unemployment, export, import, average salaries and CPI as a measure for inflation. The paper provides information about importance of economy in this process and it explains all variables that are used. It is based on the period of five consecutive years (2007-2011). Research for all of five variables was conducted on monthly basis for this period, so in total it provides 58 data (January and February of 2007 are excluded) for each variable. Next thing that this paper shows is the current position of the country in terms of its development. The paper represents a combination of basic research (provides a lot of useful information about the topic) and quantitative research (shows numerical results that are gotten by the analysis of the problem). Unemployment, as one of the biggest and growing problems in the country, is dependent variable and paper tries to prove relationships among this variable and the others. Results in the paper are obtained through descriptive analysis. The paper provides data about causes for high unemployment in our country and it shows how much impact each variables mentioned above have or does it have at all. Finally, paper shows on what country should put more emphasize in order to improve its current position and to be able to compete with more developed countries. Keywords: sustainable development, unemployment, export, import, salary, inflation, CPI, economy, GDP

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Divisions: Faculty of Economics > Management Department
Depositing User: Users 173 not found.
Date Deposited: 02 Nov 2012 14:23
Last Modified: 02 Nov 2012 14:23
URI: http://eprints.ibu.edu.ba/id/eprint/1342

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