Analyzing the Drivers of Economic Growth in B&H: Trade, Investment, Energy, and Labor Force Dynamics
摘要
This study analyzes the impact of trade openness, FDI, non-renewable energy consumption, and labor force participation on B&H’s economic growth using ARDL methodology with data from 1996 to 2023. The results show that trade openness and FDI are insignificant, non-renewable energy consumption has mixed effects, and labor force participation positively correlates with growth. The study emphasizes assessing the roles of trade, FDI, and labor in sustainable development, while noting the modest potential benefits of non-renewable energy use.