КОМПАРАТИВНА АНАЛИЗА МУЛТИФАКТОРСКЕ ПРОДУКТИВНОСТИ ПРЕРАЂИВАЧКЕ ИНДУСТРИЈЕ, ГРАЂЕВИНАРСТВА И ТРГОВИНЕ У БОСНИ И ХЕРЦЕГОВИНИ, СРБИЈИ И ХРВАТСКОЈ

Abstract

This paper analyzes labor productivity and total factor productivity (TFP) in the industry (C – Manufacturing), construction (F – Construction), and trade (G – Wholesale and retail trade; repair of motor vehicles and motorcycles) sectors in Bosnia and Herzegovina, Serbia, and Croatia. The analysis reveals significant differences both across sectors within each country and between the countries themselves. Bosnia and Herzegovina has the lowest absolute TFP values in the manufacturing and trade sectors but shows potential for growth, whereas in construction, TFP exhibits a negative trend despite high investments. Croatia, although in a better position, shows a decline in TFP in manufacturing and trade, while construction records growth. Serbia is experiencing strong growth in construction and leading in trade, while the manufacturing sector is seeing a slight decline in TFP.