Intraregional trade perspective and untapped trade potentials of the Western Balkan region

Lazarov, Darko and Miteva-Kacarski, Emilija (2023) Intraregional trade perspective and untapped trade potentials of the Western Balkan region. Economic Horizons Journal, 25 (3). pp. 243-259. ISSN 2217-9232

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Abstract

The main goal of the paper is to investigate the intraregional trade performance of the Western Balkan
region in the last five years and identify future intraregional trade opportunities and potentials for the
period from 2023 to 2027. The methodology applied in order to explore intraregional trade is based on
an analysis of the growth sources of trade at the country and product levels, while the identification of
untapped regional trade potentials is based on the methodology developed by the International Trade
Center (ITC), which applies the Export Potential Indicator (EPI) at the product level. The results estimated
in the paper found that intraregional trade inside the Western Balkan region had had positive trends in
the last five years. However, regional trade is still highly concentrated and based on a small number of
traded products. The paper, however, found significant untapped regional trade potentials in the future
which should be a huge motivation for each country and policymakers to work on further improvements
of trade and economic conditions and circumstances for the purpose of intensifying regional trade and
accelerating economic growth in these countries through it

Item Type:	Article
Subjects:	Social Sciences > Economics and business
Divisions:	Faculty of Economics
Depositing User:	Darko Lazarov
Date Deposited:	16 Jan 2024 13:05
Last Modified:	16 Jan 2024 13:05
URI:	https://eprints.ugd.edu.mk/id/eprint/33164

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