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GOSPODARSKI RAST, KONVERGENCIJA I ČLANSTVO U EU: EMPIRIJSKI DOKAZI IZ HRVATSKE

ECONOMIC GROWTH, CONVERGENCE AND EU MEMBERSHIP: EMPIRICAL EVIDENCE FROM CROATIA
Authors: Buturac, Goran;

GOSPODARSKI RAST, KONVERGENCIJA I ČLANSTVO U EU: EMPIRIJSKI DOKAZI IZ HRVATSKE

Abstract

The aim of this paper is to get new knowledge about economic growth and real convergence of the Republic of Croatia towards countries of the European Union. Besides the regression analysis, indicators of international trade were used in the research. The macroeconomic convergence process was tested using the Theil index. The research was conducted for the following variables: GDP per capita, nominal gross wage, unemployment rate and public debt. The results obtained confirmed the different direction and dynamics of movement between individual variables, but also during the observed period. Until 2008, the convergence process is confirmed in variables: GDP per capita, nominal gross wage, and unemployment rate. After 2008, the process of divergence, i.e. the increase of the economic gap between Croatia and the new EU-28 members is noticed. This is particularly highlighted in the direction and pace of GDP per capita trend. The convergence analysis in the field of export competitiveness and trade specialization shows Croatia’s lagging behind in export competitiveness compared to new EU members. Measured by exports of goods per capita, Croatia realizes several times smaller exports than the Czech Republic, Slovakia, Slovenia, Estonia and Hungary. Defining and realizing a new model of economic growth based on the growth of investments and high-technology export is a prerequisite for realization of stronger economic growth, long-term stability and sustainability of public finances and achievement of a welfare economy.

Cilj je ovoga rada dobiti nove spoznaje o gospodarskom rastu i realnoj konvergenciji Republike Hrvatske prema zemljama Europske unije. Uz regresijsku analizu, u istraživanju su korišteni pokazatelji međunarodne trgovine. Proces makroekonomske konvergencije testiran je primjenom Theil-ovog indeksa. Istraživanje je provedeno za sljedeće varijable: BDP po stanovniku, nominalne bruto plaće, stopa nezaposlenosti i javni dug. Dobiveni rezultati su potvrdili različit smjer i dinamiku kretanja među pojedinim varijablama, ali i tijekom promatranog razdoblja. Do 2008. godine potvrđuje se proces konvergencije, i to u varijablama: BDP po stanovniku, nominalne bruto plaće, i stopa nezaposlenosti. Nakon 2008. godine, zapaža se proces divergencije, tj. povećavanje gospodarskog jaza Hrvatske u odnosu na nove članice EU-28. To se naročito ogleda u smjeru i dinamici kretanja BDP-a po stanovniku. Analiza konvergencije u području izvozne konkurentnosti i trgovinske specijalizacije pokazuje zaostajanje Hrvatske u izvoznoj konkurentnosti u odnosu na nove članice EU. Mjereno izvozom roba po stanovniku, Hrvatska realizira i do nekoliko puta manji izvoz nego Češka, Slovačka, Slovenija, Estonija i Mađarska. Definiranje i realizacija novog modela ekonomskog rasta utemeljenog na rastu investicijske potrošnje i izvoza tehnološki složenijih proizvoda preduvjet je realizacije snažnijeg gospodarskog rasta, dugoročne stabilnosti i održivosti javnih financija i ostvarenja ekonomije blagostanja

Country
Croatia
Related Organizations
Keywords

Croatia, gospodarski rast ; realna konvergencija ; EU ; Hrvatska, Hrvatska, realna konvergencija, EU, gospodarski rast, economic growth, real convergence

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
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