engleski

Complex Effects of Investments in Sea Ports and Their Impact on the Economy of the Republic of Croatia

Analysis of the relevant material regarding the impact of investments in sea ports and effects that sea ports create by performing their activities on the country's economy, points to a small number of scientific and professional papers. In particular, the number is small when it comes to Croatian sea ports and their impact on the Croatian economy. Even then, papers are mostly theoretical assumptions which do not penetrate in detailed analysis in determining economic effects. In the context of the national economy and even on the international level, the effects of any port’s economic activity can be divided into those that can be directly registered and measured, and into those whose influence is indirect and measured solely by using complex econometric instruments, so called inter- sectoral tables, and manipulated by input- output analysis method. The research results in this paper indicate that the measurement of these effects is best achieved when multiplier effects are measured in the inner circle, mainly regional circle, which can be marked as the primary size of the multiplication. The paper pays special attention to the analysis of three effects in which the level of economic activity or investment influences the economy: 1) direct effects 2) indirect effects and 3) induced effects, whereby primary multiplication was calculated on the largest Croatian port, the port of Rijeka. Four major measures of economic impact were used: 1) economic output - taken in the form of business income, 2) gross value added - reflects the wealth created and is defined as operating revenue diminished by cost of purchased goods and services, 3) employment - expressed by the number of jobs per full-time equivalent and 4) household income - wages and other compensation paid to employees. The completion of the measurement of economic impacts indicate that the role and importance of modernization and construction of the port of Rijeka, for the national economy as a whole and the economy of the region in which the port of Rijeka is situated, will be very large. This is the conclusion of the results of analytical findings that were obtained by measuring the effects of the port of Rijeka in national and regional frameworks, regarding to the direct effects, as well as additional complex economic effects.

multiplier effects, port of Rijeka, Croatian economy

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