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Merchandise exports and relative labour productivity in the Republic of Croatia

This paper explores causality between Croatian merchandise exports and its relative labour productivity. The empirical results confirm positive effect of increase in merchandise exports on relative labour productivity but not positive effect of increase in relative labour productivity on merchandise exports. Such established direction of the effect, from merchandise exports to relative labour productivity may potentially be due to labour law rigidity in the Republic of Croatia. Therefore, direct stimulation of exports can potentially provide better effects than the economic measures which are directed toward productivity growth.

commodity export, labour productivity, Republic of Croatia, European Union

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