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Pregled bibliografske jedinice broj: 261302

The Challenge of Application of Phillips Curve: Case of Croatia


Družić, Ivo; Tica, Josip; Mamić, Ante
The Challenge of Application of Phillips Curve: Case of Croatia // An Entreprise Odyssey: Integration or Disintegration / Prof. dr. sc. Lovorka Galetić (ur.).
Zagreb: Ekonomski fakultet Zagreb, 2006. str. 157-167 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


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Naslov
The Challenge of Application of Phillips Curve: Case of Croatia

Autori
Družić, Ivo ; Tica, Josip ; Mamić, Ante

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
An Entreprise Odyssey: Integration or Disintegration / Prof. dr. sc. Lovorka Galetić - Zagreb : Ekonomski fakultet Zagreb, 2006, 157-167

Skup
3rd International Conference: An Entreprise Odyssey: Integration or Disintegration

Mjesto i datum
Zagreb, Hrvatska, 15-17, lipanj, 2006

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
unemployment; prices; Croatia

Sažetak
In this paper hypothesis of relation between unemployment and the rate of change in prices is tested in Croatia with data spanning from 1962 to 2004. Empirical test is designed with a goal of testing the original Phillips curve developed in 1958 by A. W. Phillips and adaptive expectation augmented Phillips curve designed by Edmund S. Phelps in 1967. Furthermore, since both, classical and augmented versions of the relationship were designed for the US economy ; a new theory of accommodation through insolvency is suggested for the Croatian economy. According to the new theory, during the pre-transitional period, due to doctrinaire system’ s foundations, economy has accommodated to slowdown through increased insolvency instead of increase in unemployment. Insolvency as an “ original invention” of a socialist economic system in fact defined a situation in which actually bankrupted companies were not allowed to be liquidated. On the other hand, in the transitional period, both reasons that have created environment in which accommodation through insolvency occurred have disappeared. Thus it might be suggested that transition has created an environment in which there is a possibility for a move toward accommodation through unemployment, or reestablishment of Phillips curve relationship in the Croatian economy. Unfortunately empirical findings in our research show otherwise.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekti:
0067028

Ustanove:
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Ivo Družić (autor)

Avatar Url Josip Tica (autor)


Citiraj ovu publikaciju:

Družić, Ivo; Tica, Josip; Mamić, Ante
The Challenge of Application of Phillips Curve: Case of Croatia // An Entreprise Odyssey: Integration or Disintegration / Prof. dr. sc. Lovorka Galetić (ur.).
Zagreb: Ekonomski fakultet Zagreb, 2006. str. 157-167 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
Družić, I., Tica, J. & Mamić, A. (2006) The Challenge of Application of Phillips Curve: Case of Croatia. U: Prof. dr. sc. Lovorka Galetić (ur.)An Entreprise Odyssey: Integration or Disintegration.
@article{article, year = {2006}, pages = {157-167}, keywords = {unemployment, prices, Croatia}, title = {The Challenge of Application of Phillips Curve: Case of Croatia}, keyword = {unemployment, prices, Croatia}, publisher = {Ekonomski fakultet Zagreb}, publisherplace = {Zagreb, Hrvatska} }
@article{article, year = {2006}, pages = {157-167}, keywords = {unemployment, prices, Croatia}, title = {The Challenge of Application of Phillips Curve: Case of Croatia}, keyword = {unemployment, prices, Croatia}, publisher = {Ekonomski fakultet Zagreb}, publisherplace = {Zagreb, Hrvatska} }




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