Abstract This paper investigates how typical macroeconomic indicators affect the economic growth of Western Balkans countries. A static panel empirical investigation for the period 2010 to 2019 has been conducted using GDP growth rate as the dependent variable, while independent variables in focus include foreign direct investments, remittances, unemployment rate, population growth rate, and control of corruption. The most interesting finding is that a rising share of remittances positively affects economic growth. This might indicate that even when remittances are used for non-investment purposes, they might increase domestic production of consumption and intermediate goods. There is also evidence of a non-linear relationship between FDI and economic growth, which may be a consequence of undeveloped capacities to use the positive side of FDI. To foster economic growth policy-makers should focus on reforms that target sectors that show sharp declines in FDI and remittances inflows, including also a need for better control of corruption in the region.

中文翻译：

---

西巴尔干地区的经济增长：小组分析

摘要 本文研究了典型的宏观经济指标如何影响西巴尔干国家的经济增长。以 GDP 增长率为因变量进行了 2010 年至 2019 年期间的静态面板实证调查，而自变量的重点包括外国直接投资、汇款、失业率、人口增长率和腐败控制。最有趣的发现是，汇款比例的上升对经济增长产生了积极影响。这可能表明，即使汇款用于非投资目的，它们也可能增加国内消费和中间产品的生产。还有证据表明 FDI 与经济增长之间存在非线性关系，这可能是利用外国直接投资积极方面的能力不发达的结果。为促进经济增长，政策制定者应侧重于针对外国直接投资和汇款流入急剧下降的行业进行改革，包括需要更好地控制该地区的腐败。