Naslov
Historical Connections And Economic Relations Of Croatia Towards Germany And Austria

Autori
Peša, Anita ; Bosna, Jurica ; Prohaska, Zdenko

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

Izvornik
Sustainable Economic Development and Advancing Education Excellence in the era of Global Pandemic / Soliman, Khalid - Norristown (PA) : International Business Information Management Association (IBIMA), 2020, 7538-7550

ISBN
978-0-9998551-5-7

Skup
36th International Business Information Management Association Conference (IBIMA 2020)

Mjesto i datum
Granada, Španjolska, 04.11.2020. - 05.11.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Economic integration, stock market volatility, EU entry, ARCH methodology

Sažetak
We measured the economic activity and stock exchanges of Germany and Austria as developed countries, and compared it with Croatia, the newest EU country, in order to demonstrate the level and direction of economic integration and historical connections. Economic integration has been researched by ARCH models in which dependent variables are stock market indices and undependent variables main macroeconomic indicators. Traditionally, Croatia has been dependent on the German and Austrian economies, due to good economic and political connections in the past. The empirical findings obtained in application of ARCH method from 2000 to 2018 provide evidence of economic integration of Croatia with Germany and Austria, but in a somewhat lesser extent. Austria has strong economic connections with Germany, while the process of economic integration of the Republic of Croatia has not yet been completed. The slower economic integration of the Republic of Croatia demonstrates still insufficient economic development, the exigency to continue reforming and to achieve effective economic growth.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA