engleski

Direct and indirect impacts of exports on Croatian economy

Over the past decades, the role of exports in economic development has been the subject of a wide range of empirical researches. In recent economic literature there is usually argued that role of exports on domestic economy increased as a consequence of trade liberalization which enables developing countries to speed up process of economic growth. Most of the empirical researches for EU countries found a positive relationship between exports and economic growth. The most important arguments in favour of positive impacts of international trade on economic growth are spillover effects and price equalization. The main aim of the paper is to estimate overall impact on domestic economy in terms of economic growth and employment. Besides direct impact on domestic economy comprised in additional external demand which positive influence economic activity and employment of domestic producers of exported goods, an indirect impact could also be significant. Direct exporters in their production use various domestic inputs and indirect impact could be also significant. In the situation of stagnation of domestic demand, net exports are recognised as the most important component which could contribute to future economic growth and employment.

economic growth ; input-output model ; value added multiplier ; Croatia

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