Convergence of Competitiveness and Economic Efficiency Amongst Western Balkan Countries
Convergence of Competitiveness and Economic Efficiency Amongst Western Balkan Countries

Author(s): Blerina Gjaci, Arjan Tushaj, Engjell Pere, Albana Hashorva
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Convergence; Competitiveness; Economic efficiency
Summary/Abstract: This paper investigated the economic cooperation amongst the Western Balkan countries referring to competitiveness and economic efficiency. Through this analysis, it would be able to respond if the competitiveness and economic efficiency amongst Western Balkan countries will support the convergence to the Common Regional Market. Western Balkan countries should encourage innovation and knowledge transfer to contribute to economic growth and promote the facilitation of the creation of an intra-regional single market in the medium term. A unified regional cooperation mechanism would likely be more efficient according to Western Balkan countries to converge towards the expected results – in order to accelerate them related to the European Union integration process. The results of this paper will demonstrate the evaluation of the Western Balkans initiative and the expectations for the future through static and dynamic analysis amongst countries using diverse indicators of competitiveness and economic efficiency.

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