engleski

Analysis of eastern Croatia regional growth: shift- share analysis

The economic structure of each country, including Croatia, is subject to constant changes. This is particularly visible in analyzing national income, productivity, labor costs or employment. In the last two decades, the interest in regional and local economic development has been increasingly growing. The increase in the interest for regional development has been further contributed to by wider social processes that have affected a number of European and other countries, and those processes are moving towards the strengthening of political, economic and cultural positions of the regions. The economy of the regions/counties consists of sectors with different growth potential. The growth rate of individual sectors depends on national, as well as on local conditions and incentives. The aim of this paper is to identify the sectoral structure of the economy at the level of the five counties of Eastern Croatia. The counties that are included in the analysis are Osijek-Baranja County, Vukovar- Srijem County, Brod- Posavina County, Požega- Slavonia County and Virovitica-Podravina County, in the period from 2009 to 2017. The research includes a shift- share analysis that represents a technique for analyzing employment growth in a region over a specific time period. Shift-share analysis decomposes employment growth (or decrease) into 3 components: a national component, a mix component and a local component. By using this analysis, fast-growing and slow-growing sectors in a local economy can be identified compared to the national economy. The results show that some counties have relatively smaller local competitiveness compared to the national one, while some have a positive value of a local component, which means that there is growth in local competitiveness. The research results can provide useful guidance for local and regional development policy makers and can provide the basis for decision- making.

regional development ; employment ; Eastern Croatia ; shift-share analysis

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