engleski

Driver sectors of Croatian economy – Ghosh input- output approach

Unlike Leontief demand-oriented input-output model, in Ghosh input-output model the supply of certain productive sector is considered as the driving force of the economy. In this paper, Ghosh input-output model is applied to identify productive sectors whose supply of goods and services are most influential in the production of other productive sectors of Croatian economy. Ghosh output multipliers and Ghosh employment multipliers for all Croatian productive sectors are quantified. When economic sectors producing goods are in question, the highest Ghosh output multipliers were detected for sector code CPA_B - Mining and quarrying and sector code CPA_D35 - Electricity, gas, steam and air-conditioning. In the group of services sectors, for sector code CPA_N78 - Employment services and sector code CPA_L68B - Real estate services the highest Ghosh output multipliers were found. The lowest Ghosh output multipliers were recorded for the group of public services sectors, i.e. for sector code CPA_Q87_Q88 - Social work services, sector code CPA_O84 - Public administration and defense services and sector code CPA_Q86 - Human health services. The highest number of employees per one million HRK of output increase was recorded in sector code CPA_A01 - Products of agriculture, hunting and related services and in sector code CPA_H53 - Postal and courier services. Sector code CPA_L68A - Imputed rents of owner-occupied dwellings do not require direct or indirect employment since other sectors do not use its services for intermediate consumption.

Ghosh input-output model, multipliers, productive sectors

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