engleski

Analysis of the Croatian textile industry based on efficiency measurements using relative indicators

Textile industry as a branch of manufacturing industry is of great significance to the economy of Republic of Croatia. Textile and clothing are essential products in the representative basket of goods for every household. Increased consumption incites increased production, therewith causing growth in the industry efficiency. Objective of this paper is to depict, analyze and compare trends in certain macroeconomic indicators relevant to the Republic of Croatia’s textile and clothing industry for the time period from 2013 to 2018, in order to forecast the impact of said indicators on the industry’s future efficiency. Measurement of textile and clothing industry’s business efficiency has been conducted for the aforementioned time period via calculations of the following relative business efficiency indicators: productivity, profitability and cost effectiveness. Units of measurement intended to track an increase in value of relative indicators are herewith suggested by the authors of this research paper. Secondary data has been used to calculate values of economic performance indicators. This research also utilizes scientific methods such as analysis, synthesis, induction, deduction and the mathematical method. The obtained results confirm that the Croatian textile and clothing industry exhibits a tendency towards growth, which is visible due to the indicator calculations. Growth is achieved due to an increase in productivity resulting from technological advancement, new products and new markets ; i.e. from a combination of measures, factors and elements that might cause an increase in efficiency, as well as an improved financial and macroeconomic position on the market.

Croatian textile and clothing industry ; Economic production indicator ; Productivity ; Profitability ; Efficiency

nije evidentirano