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The Influence of Important Macroeconomic Factors on Tariff Trends and The Shipowners Business in Coastal Liner Passenger Transport in The Republic of Croatia

Coastal liner passenger shipping is of strategic importance to small open economies like Croatia that rely heavily on tourism. It provides transport links between islands and the mainland, enabling their economic development and reducing the out- migration of island populations. Macroeconomic trends have a strong impact on the business of shipping companies providing coastal liner passenger transport services. Therefore, the aim of this paper is to analyze the correlation between key macroeconomic indicators and tariff trends for passenger vehicles of up to 5 meters in length, as well as tariff trends for persons over 12 years in coastal liner passenger shipping. The analysis is based on secondary statistical data covering the period from 2010 to 2019 and including national RORO maritime passenger shipping lines. The results show that the tariff trends in coastal liner passenger shipping does not follow the trends of the main macroeconomic indicators. In fact, although the Republic of Croatia experienced growth in GDP rates, as well as consumer price inflation and growth in net wages and prices of oil and petroleum products, shipping business stagnated in relation to RORO liner passenger shipping in the Republic of Croatia. Tariffs did not change significantly - on the contrary, when calculating the tariff average for all lines, tariffs for vehicles up to 5 meters generally decreased, while tariffs for persons over 12 years fluctuated. The results of this analysis indicate that the shipowners of coastal RORO liner passenger shipping in the Republic of Croatia would operate more successfully if the tariffs followed the macroeconomic trends in the economy.

macroeconomic trends, maritime passenger shipping, coastal liner passenger transport, tariffs, Republic of Croatia

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