Naslov
A roadmap of actions aiming at ensuring furniture industry production growth: panel analysis

Autori
Družić, Gordan ; Basarac Sertić, Martina

Izvornik
Economic Research-Ekonomska Istraživanja (1331-677X) 28 (2015), 1; 572-582

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
furniture manufacturing; industrial strategy; European Commission; generalized method of moments; Croatia; economic crisis

Sažetak
This paper investigates European Commission necessary conditions for competitive industry in the context of furniture manufacturing. Namely, in the Industrial Strategy of the Republic of Croatia 2014–2020, the manufacture of furniture was assigned a strategic role. However, Croatia continues to underperform in comparison with the European Union member states in terms of return to pre-crisis levels. Accordingly, using the system of generalised method of moments estimators in two steps with robust standard errors, the panel model was estimated. Econometric analysis indicates that a better access to markets, higher investment, and stable macroeconomic environment are significant conditions for achieving production growth. Moreover, the results suggest that a furniture manufacturing sector would profit from lower energy prices.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA