Naslov
Gravity model of Croatian regional foreign trade

Autori
Družić, Ivo ; Anić, Maria ; Sekur, Tomislav

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Economic integrations, competition and cooperation Conference Proceedings / Kandžija, Vinko - Opatija : Ekonomski fakultet Sveučilišta u Rijeci, 2012, 624-637

ISBN
978-953-7813-13-0

Skup
8th International Conference: Economic integration, competition and cooperation

Mjesto i datum
Opatija, Hrvatska, 06.04.2011. - 09.04.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
gravity model; Croatian foreign trade; Western Balkans; regional integration

Sažetak
Application of the Newton’s law of universal gravitation in explaining international trade has proved to be a successful empirical experiment. The use of relatively simple and easy-to-get data, such as the GDP and distance has made the gravity model particularly popular in explaining trade patterns of transitional economies that lack more sophisticated and longer-series data on foreign trade. One of the main characteristics of a small open economy is the importance of international trade which represents the key determinant in country’s economic growth. For that reason, deeper analysis of this type of a problem is essential and foreign merchandise trade of Croatia suits as a perfect candidate for such analysis. Another significant advantage that stems out of the gravity theory is the possibility of evaluating regional patterns of trade.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA