Pregled bibliografske jedinice broj: 741602
Modelling Croatian Export Dynamics Using Global Macroeconometric Model
Modelling Croatian Export Dynamics Using Global Macroeconometric Model // Zagreb international review of economics & business, 17 (2014), SCI; 31-48 doi:http://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=192553 (podatak o recenziji nije dostupan, članak, znanstveni)
CROSBI ID: 741602 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Modelling Croatian Export Dynamics Using Global Macroeconometric Model
Autori
Jakšić, Saša ; Žmuk, Berislav
Izvornik
Zagreb international review of economics & business (1331-5609) 17
(2014), SCI;
31-48
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
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
POVEZANOST RADA
Ustanove:
Ekonomski fakultet, Zagreb
