engleski

Key Sectors in the Croatian Economy: An Input- Output Approach

Assessment of the role of certain economic sectors in the total economy enables the identification of key sectors of the national economy. Through cross-sectoral dependence, key sectors stimulate the production of other economic sectors, i.e. their economic performance is significant for the output growth of other sectors. The aim of this paper is to identify key sectors of the Croatian economy. The study is based on the analysis of the role and indirect effects of individual economic sectors on other sectors. The indirect effects of economic sectors are result of spreading out of initial change in their output across the demand channel (backward linkages) and supply channel (forward linkages). Determination of key sectors is based on the combination of both criteria. Intensity of backward linkages is measured by Leontief inverse as calculated from standard input output model. Intensity of forward linkages is determined by Ghosh inverse. Backward and forward multipliers of economic sectors are further weighted by the importance of each of sectors in the national economy. Four productive sectors were identified as key sectors of the Croatian economy. Electricity and telecommunications sectors are assessed as key sectors based on the intensity of indirect effects but also because of widespread effects on numerous sectors in national economy. Land transport and sector producing agriculture products are also classified as key sectors in Croatia because of high indirect effects in demand and supply channel, but their indirect effects are concentrated on a limited number of other domestic sectors.

key sector ; backward linkages ; forward linkages ; input-output analysis ; Croatia

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