Naslov
Using Fuzzy Logic in Analysing and Modelling the Reflection of Monetary and Fiscal Conditions on GDP Per Capita in Croatia

Autori
Samodol, Ante ; Brlečić Valčić, Sonja ; Ostojić, Aleksandar

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

Izvornik
MIPRO 2020, 43rd International Convention Proceedings / Skala, Karolj - Rijeka : Hrvatska udruga za informacijsku i komunikacijsku tehnologiju, elektroniku i mikroelektroniku - MIPRO, 2020, 1696-1702

Skup
43rd International Convention on Information and Communication Technology, Electronics and Microelectronics (MIPRO 2020) ; Digital Economy and Digital Society (DE/DS 2020)

Mjesto i datum
Opatija, Hrvatska, 28.09.2020. - 02.10.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
monetary conditions ; fiscal conditions ; GDP per capita ; fuzzy logic

Sažetak
In this paper, the monetary conditions are observed through loans to the central government, loans to the local government, loans to non-financial associations, excess liquidity and the primary liquidity rate. The fiscal conditions are observed through total revenue, total expenditure, deficit/surplus, domestic and foreign debt. Modelling of the reflection of thus defined monetary and fiscal conditions on the Gross domestic product (GDP) per capita is observed using data from 2002 to 2018. With clustering, the established problem required the creation of 4 independent models. The models were created by using fuzzy logic due to incongruity, class limits and the subsequent uncertainty and truth bias that may have appeared in the established problem. The results of research conducted in this way point that the reflection of monetary and fiscal conditions on GDP per capita should be observed through three individual and one main model. Such approach indicates an interrelationship of individual variables with foreign debt, deficit/surplus, total expenditure and finally GDP per capita. These models can serve the monetary and fiscal authorities in the analysis and modelling of an effective interaction of monetary and fiscal conditions aimed at increasing GDP per capita.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA