THE EFFECTS OF COMPETITIVENESS – THE FACTOR OF THE GROSS DOMESTIC PRODUCT IN BOSNIA AND HERZEGOVINA PER PERIOD 2010–2016.

Abstract

We made empirical research which was carried out on the existence of a link between gross domestic product and certain pillars of competitiveness. The empirical studies that patterned the period after the global economic crisis could just bring interesting conclusions from an  economic point of view. The pillars  of competitiveness in this survey are independently variable, expressed as elements of the Global Competitiveness Index (GCI) and defined by the World Economic Forum (WEF), and the dependent variable is the gross domestic product. The research problem relates to the correlation between the trends in gross domestic product in Bosnia and Herzegovina in the period from 2010 to 2016 and the pillars of competitiveness, basic conditions, subindex: Institutions, Infrastructure, Macroeconomic environment. The main finding of the research study is that there is a very small impact on GDP for the first two subindexes of competitiveness, while in the third, macroeconomic environment, at this level of development of the country, almost does not exist.