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Economic impact of government measures: analysis of the construction sector

Every pre-election campaign and later state administration program as its integral part has the economic program that later evolves to state economic policy. Its development and implementation are as well, some of the key tasks of every state government and their impact on economic trends and the development of particular economic sectors can be crucial. Thus, as some of the fundamental objectives of the Croatian Government by 2020, the realization of a stable and lasting economic growth and creation of new and high-quality jobs by building a stimulating, simple and secure business environment in which the private sector is seen as the pillar of the economic development, were defined. According to this aim, the Government, through its economic measures, is planning to stimulate several manufacturing sectors, including the construction. The question is, to what extent is the government succeeding in reaching the goals set by implementing their economic policies? Unfortunately, indisputable performance evaluations of economic policies results are lacking, as they often include the economic progress that has arisen as a result of positive economic trends on a global level. Given the above, the purpose of this paper is to identify economic measures implemented during the last years and to try to assess their impact on individual economic sectors, with emphasis on the results of the construction sector. The aim of this paper is to draw conclusions on the possibility of state administration to stimulate economic growth and to identify the potential impact of economic measures on the economic development of individual economic sectors on the basis of acquired knowledge and analysis of the construction sector.

government development policies, industry trends, construction sector, state incentives, Croatia

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