Naslov
MODELLING CROATIAN EXPORT DYNAMICS USING GLOBAL MACROECONOMETRIC MODEL

Autori
Jakšić, Saša ; Žmuk, Berislav

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

Izvornik
Proceedings of the International Conference “An Enterprise Odyssey: Leadership, Innovation and Development for Responsible Economy” / Galetić, Lovorka ; Spremić, Mario ; Šimurina, Jurica - Zagreb : Faculty od Economics & Business Zagreb, 2014, 116-135

ISBN
978-953-6025-92-3

Skup
7th International Conference An Enterprise Odyssey: Leadership, Innovation and Development for Responsible Economy

Mjesto i datum
Zadar, Hrvatska, 04.06.2014. - 07.06.2014

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
global VAR; GFEVD; International trade; export; Croatia

Sažetak
Five years following the occurrence of the global economic and financial crisis, Croatia is one of the few countries in the region whose export has still not recovered to the pre-crisis level. In order to properly account for international linkages and possible crisis spillover effects, a Global Vector AutoRegressive (GVAR) model is defined. The GVAR model is a consistent global macroeconometric model which enables modelling interactions between Croatia and a set of Central and Southeast European (CSEE) countries. The empirical analysis reveals that the domestic variables are the main factor explaining Croatian export dynamics in the short run. However, in the long run, the main determinants of Croatian export are the US and German real exchange rates. These findings provide evidence in favour of low competitiveness of Croatian export.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
Indexing/abstracting: EconLit, ProQuest, EBSCO

POVEZANOST RADA