Naslov
Asymmetric impact of external debt on economic growth in Croatia: nonlinear autoregressive distributed lag approach”

Autori
Bošnjak, Mile ; Bilas, Vlatka ; Novak, Ivan

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
Book of Abstract 17th International Conference on Operational Research / Arnerć, Josip ; Čeh Časni, Anita - Zagreb : Hrvatsko društvo za operacijska istraživanja (CRORS), 2018, 125-125

Skup
17th International Conference on Operational Research (KOI 2018)

Mjesto i datum
Zadar, Hrvatska, 26.09.2018. - 28.09.2018

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
external debt, economic growth, NARDL

Sažetak
This paper brings the external debt effect on economic growth in in Croatia based on the autoregressive distributed lag approach and quarterly data over the 2000 - 2016 period. The research results revealed asymmetric and positive impact of external debt on economic growth in a long run while the short-run effect appeared to be negative. The effect from external debt reduction was not found to be significant in the long as well as in the short run. The research outlines that Croatian economy is highly indebted and experienced positive effects from external indebtedness. However, external debt reduction should not damage economic growth in Croatia.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA