Intensifying Efficacy of the Industrial Sector in the Function of Acceleration of Economic Growth in Bosnia and Herzegovina

• Main Authors: Amra Gadzo, Amra Babajic, Amra Nuhanovic
• Format: Article
• Language: English
• Published: UIKTEN 2015-02-01
• Series: TEM Journal
• Subjects: economy; growth; industry; transition; accounting
• Online Access: http://www.temjournal.com/content/41/12/temjournal4112.pdf

This paper provides a critical aspect of the position of the industrial sector in the transition economy of Bosnia and Herzegovina. If we observe sectors C-exploitation of coal and stone, D-processing industry, E-production and distribution of electric power, gas and steam, as per NACERev.1 classification, and sectors B-exploitation of coal and stone, C-processing industry, D-distribution of electric power, E-water, sanitation and recycling as per NACERev.2 classification, then from 2007 until 2012, their participation amounts to: 14.49%, 14.37%, 14.20%, 14.02%, 13.80%, 12.75% respectively. The paper observes the internal and the external reasons of the poor state of the industrial sector, and determines a possibility of its strengthening through recommendations that sum up results of the conducted research.