engleski

DEVELOPMENT POTENTIAL AND FUTURE OF CROATIAN SHIPBUILDING INDUSTRY

The ship is one of the most complex products with high value added and the most complex manufactured good in Croatia. The industry employs a large number of workers in the industry, but also in related companies, and because of the complexity and linkage of shipbuilding with other industries, its impact is of great importance for Croatia. Shipbuilding has also generated significant revenues over the years and has influenced the balance of payments with its export orientation. The shipbuilding industry is therefore a strategically very important industry for the economy of the Republic of Croatia. Due to the strong export orientation of domestic shipbuilding, which sells almost all of its production on foreign markets, and its share in total employment and gross domestic product, the Republic of Croatia has often been supported the shipbuilding industry with various subsidies and guarantees. Furthermore, shipbuilding helps to counteract a great deal of seasonality in the coastal regions, which is highly dependent on the tourist season, thus making shipbuilding a balance between economic activities and the retention of workers. However, in the last years, a future of shipbuilding industry has been questioned due to heavy subsidizations, but this analysis has shown that each kuna from the state budget given to the shipbuilding industry returns 5.77 kunas back to the budget through taxation of the multiplied economic activity.

Shipbuilding industry, export orientation, subsidies, privatization, multiplier effect

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