Pregled bibliografske jedinice broj: 1165444
PREDICTING NPLs FOR CROATIA WITH MACROECONOMIC VARIABLES
PREDICTING NPLs FOR CROATIA WITH MACROECONOMIC VARIABLES // Ekonomska misao i praksa : časopis Sveučilista u Dubrovniku, 30 (2021), 2; 571-586 doi:10.17818/EMIP/2021/2.13 (međunarodna recenzija, članak, znanstveni)
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Naslov
PREDICTING NPLs FOR CROATIA WITH
MACROECONOMIC VARIABLES
Autori
Bošnjak, Mile ; Vukas, Jurica ; Šverko, Ivan
Izvornik
Ekonomska misao i praksa : časopis Sveučilista u Dubrovniku (1330-1039) 30
(2021), 2;
571-586
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
asset quality ; macroeconomic determinants ; coronavirus crisis
Sažetak
This paper aims to examine some of the macroeconomic drivers of nonperforming loans (NPL) in Croatia. Unemployment rate, industrial production index, construction works volume and the number of tourist arrivals were evaluated as the drivers on a quarterly data sample from 2008q4 to 2020q4. Following quantile regression approach, unemployment rates and construction works volume appeared as significant drivers of NPL in Croatia. Furthermore, empirical findings from this paper suggest asymmetric effects on NPL from its drivers. While decrease in construction works volume and increase in unemployment rates were found to correspond with increase in NPL, an increase in construction works volume and decrease in unemployment rates were not correlated with decrease in NPL. Consequently, the paper brings implications for credit institutions in Croatia within the context of COVID-19 pandemic crises.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Ekonomski fakultet, Zagreb
