MODELLING CROATIAN EXPORT DYNAMICS USING GLOBAL MACROECONOMETRIC MODEL (CROSBI ID 611658)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Jakšić, Saša ; Žmuk, Berislav
engleski
MODELLING CROATIAN EXPORT DYNAMICS USING GLOBAL MACROECONOMETRIC MODEL
Five years following the occurrence of the global economic and financial crisis, Croatia is one of the few countries in the region whose export has still not recovered to the pre-crisis level. In order to properly account for international linkages and possible crisis spillover effects, a Global Vector AutoRegressive (GVAR) model is defined. The GVAR model is a consistent global macroeconometric model which enables modelling interactions between Croatia and a set of Central and Southeast European (CSEE) countries. The empirical analysis reveals that the domestic variables are the main factor explaining Croatian export dynamics in the short run. However, in the long run, the main determinants of Croatian export are the US and German real exchange rates. These findings provide evidence in favour of low competitiveness of Croatian export.
global VAR; GFEVD; International trade; export; Croatia
Indexing/abstracting: EconLit, ProQuest, EBSCO
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Podaci o prilogu
116-135.
2014.
objavljeno
Podaci o matičnoj publikaciji
Proceedings of the International Conference “An Enterprise Odyssey: Leadership, Innovation and Development for Responsible Economy”
Galetić, Lovorka ; Spremić, Mario ; Šimurina, Jurica
Zagreb: Faculty od Economics & Business Zagreb
978-953-6025-92-3
Podaci o skupu
7th International Conference: An Enterprise Odyssey: Leadership, Innovation and Development for Responsible Economy
predavanje
04.06.2014-07.06.2014
Zadar, Hrvatska