Naslov
The Role of Financial Institutions and Instruments in Croatian Industry Adjustment to EU Business Environment

Autori
Denona Bogović, Nada ; Dimitrić, Mira

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

Izvornik
From Transition to Sustainable Development: The Path to European Integration ; International Conference of the School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina, October 12-13, 2006.(ISBN 9958-605-89-9 ; 9958-605-90-2 (CD), COBISS.BH-ID 15254790) / The Program Committee ICES2006. - Sarajevo : Ekonomski fakultet Univerziteta u Sarajevu, 2006

Skup
International Conference of the School of Economics and Business, University of Sarajevo, Bosnia and Herzegovina, October 12-13, 2006.

Mjesto i datum
Sarajevo, Bosna i Hercegovina, 12.10.2006. - 13.10.2006

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
manufacturing industry; competitiveness; financing of industry; EU

Sažetak
This paper points to the importance of the Croatian manufacturing industry restructuring within adjustment of Croatian economy to the EU business environment. Special attention is given to the importance that financial institutions and instruments have in manufacturing sector development. Therefore, development and competitiveness indicators of Croatian manufacturing industry are analysed. Based on the results of the analysis of development and of the selected manufacturing industry indicators the authors draw the conclusion that there are long-term negative tendencies present in Croatian manufacturing industry (diminishing contribution of manufacturing sector to total output, export and employment). Also, the competitiveness of Croatian manufacturing industry is at lower level compared to most CEE countries, considering labour productivity, level of costs, exports and investment. Current options of Croatian industry financing are determined by basic features of the financial sector: excessive relying upon banks and underdevelopment of other financial institutions and instruments. Therefore it is necessary to increase the share of other financial instruments in the future, such as various entrepreneurial supports, horizontal government subventions, and especially the share of various structural funds of the European Union in financing of the manufacturing sector development. That could have direct influence on financial prerequisites for the increase of Croatian manufacturing industry competitiveness.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA