Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement

Poor economic and social situation in Bosnia ane Herzegovina; high unemployment rate, stagnation of GDP, week export/import ratio, uncultivated agricultural land, lack of domestic and foreign investments, all is pointing to importance of proffesional answering to the questionin what condition is bus...

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Main Authors: Миро И. Џакула, Бојан Ј. Данон
Format: Article
Language:English
Published: University of Banja Luka, Faculty of Economics 2015-02-01
Series:Acta Economica
Subjects:
Online Access:http://ae.ef.unibl.org/index.php/AE/article/view/64
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author Миро И. Џакула
Бојан Ј. Данон
author_facet Миро И. Џакула
Бојан Ј. Данон
author_sort Миро И. Џакула
collection DOAJ
description Poor economic and social situation in Bosnia ane Herzegovina; high unemployment rate, stagnation of GDP, week export/import ratio, uncultivated agricultural land, lack of domestic and foreign investments, all is pointing to importance of proffesional answering to the questionin what condition is business environment in Bosnia and Herzegovina, which is the essence of the research problem in this paper. Using the methods of analysis, deduction and induction, based on World Bank’s publication „Doing Business” and other relevant data sources, this paper has undoubtedly confrmed main research hypothesis: The business environment in BiH is in poor condition and is among the worst in the region. Using the same methods, we have also confrmed supporting hypothesis: The political factor and political instabilityare major obstacles to the development of the business environment in BiH. In the last part of the paper, are given generalrecommendations for improving the economy and business environment in BiH.
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spelling doaj.art-c983196f9d814eb0a105e7779c60d5712022-12-22T00:09:09ZengUniversity of Banja Luka, Faculty of EconomicsActa Economica1512-858X2232-738X2015-02-01132210.7251/ACE1522191DBusiness Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for ImprovementМиро И. Џакула0Бојан Ј. Данон1Directorate for Indirect / Indirect Taxation of BiH, Central Office, Banja LukaDirectorate for Indirect / Indirect Taxation of BiH, Central Office, Banja LukaPoor economic and social situation in Bosnia ane Herzegovina; high unemployment rate, stagnation of GDP, week export/import ratio, uncultivated agricultural land, lack of domestic and foreign investments, all is pointing to importance of proffesional answering to the questionin what condition is business environment in Bosnia and Herzegovina, which is the essence of the research problem in this paper. Using the methods of analysis, deduction and induction, based on World Bank’s publication „Doing Business” and other relevant data sources, this paper has undoubtedly confrmed main research hypothesis: The business environment in BiH is in poor condition and is among the worst in the region. Using the same methods, we have also confrmed supporting hypothesis: The political factor and political instabilityare major obstacles to the development of the business environment in BiH. In the last part of the paper, are given generalrecommendations for improving the economy and business environment in BiH.http://ae.ef.unibl.org/index.php/AE/article/view/64business environmentfactors of business environmentinvestmentspoliticsDoing Business-WB
spellingShingle Миро И. Џакула
Бојан Ј. Данон
Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement
Acta Economica
business environment
factors of business environment
investments
politics
Doing Business-WB
title Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement
title_full Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement
title_fullStr Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement
title_full_unstemmed Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement
title_short Business Environment in Bosnia and Herzegovina – Analysis of the Current Situation and Recommendations for Improvement
title_sort business environment in bosnia and herzegovina analysis of the current situation and recommendations for improvement
topic business environment
factors of business environment
investments
politics
Doing Business-WB
url http://ae.ef.unibl.org/index.php/AE/article/view/64
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