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Stabilization and association agreements in the Western Balkans
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Journal Article
Stabilization and association agreements in the Western Balkans
2025
Overview
According to EU enlargement policy, the main objective of the Stabilization and Association Agreements (SAAs) is not only economic growth and export promotion, but also law enforcement, including various market reforms. In addition to SAAs, the European Union (EU) also supported the Balkans with bilateral Free Trade Agreements (FTAs), followed by general trade preferences and multilateral free trade agreements (CEFTA 2006). This paper examines whether SAAs have been able to accelerate export growth, investment and economic development in the Western Balkans. Based on an empirical analysis of panel data, the main findings confirm that SAAs have not been sufficient to increase exports and consequently reduce the trade deficit of the Western Balkan countries. In addition, a special section is dedicated to Kosovo’s management issues, such as firm development, export promotion, the relationship between management characteristics and export performance and other relevant topics, as Kosovo is the last country in the Western Balkan that is still implementing an SAA. Prema politici proširenja Europske unije, glavni cilj Sporazuma o stabilizaciji i pridruživanju (SSP) nije samo gospodarski rast i poticanje izvoza, već i provođenje zakona, uključujući različite tržišne reforme. Uz SSP-ove, Europska unija (EU) podržala je zemlje Balkana i bilateralnim sporazumima o slobodnoj trgovini (FTA), zatim općim trgovinskim povlasticama te multilateralnim sporazumima o slobodnoj trgovini (CEFTA 2006). Ovaj rad ispituje jesu li SSP-ovi uspjeli ubrzati rast izvoza, investicija i gospodarski razvoj na Zapadnom Balkanu. Na temelju empirijske analize panel-podataka, glavni nalazi potvrđuju da SSP-ovi nisu bili dovoljni za povećanje izvoza, a posljedično ni za smanjenje trgovinskog deficita zemalja Zapadnog Balkana. Dodatno, poseban odjeljak posvećen je upravljačkim izazovima Kosova, poput razvoja poduzeća, poticanja izvoza, odnosa između karakteristika menadžmenta i izvozne učinkovitosti te drugim relevantnim temama, s obzirom na to da je Kosovo posljednja zemlja Zapadnog Balkana koja još uvijek provodi SSP.
Publisher
Sveučilište u Splitu, Ekonomski fakultet
