engleski

Realna konvergencija i perspektive integracije - analize hrvatske intra-industrijske trgovine

Croatia is a small open economy that will join the EU on July 1st, 2013. Nominal Copenhagen criteria are fulfilled, but the real question is where Croatia stands when real convergence is concerned (if we take into account that intra-industry trade could be a significant indicator of real convergence of national economy), i.e. the extent which Croatia trade/exchange is inter-industry and intra- industry. The increase in the share of bilateral intra-industry trade would mean that Croatia managed to differentiate production, and that is able to compete in the EU market by selling similar products. In other words, it leads to a smooth adjustment hypothesis, according to which the adjustment costs of particular country or sector, when entering the economic integration will be low if there is a relatively high level of intra-industry trade. Aim of this paper is to analyze intra-industry trade of Croatia between year 2002 and 2012 and section of 10 European countries with biggest share of bilateral trade flows: eight from the EU (Italy, Germany, Slovenia, France, Great Britain, Austria, Hungary and Netherlands) and two countries from CEFTA 2006 (Bosnia & Herzegovina and Serbia).

intra-industrijska trgovina ; realna konvergencija ; trgovina

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