Download or read book Economic Growth in Croatia written by David Moore and published by International Monetary Fund. This book was released on 2007-08 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia's potential growth rate at 4-41⁄2 percent, a result reasonably robust to different methodologies. To sustain growth at a higher rate in line with the authorities' aspirations, the analysis highlights the critical need to improve the business environment through further measures to reduce the administrative burden, legal uncertainties, and corruption. It also emphasizes the importance of attracting more greenfield foreign direct investment, and reforms to reduce the role of the state in the economy through fiscal consolidation and faster privatization.
Download or read book International Trade and Economic Growth in Croatia written by Leonarda Srdelić and published by . This book was released on 2022 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Croatia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-01-16 with total page 75 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that Croatia continued its third year of positive economic growth in 2017. Growth is expected to stay at similar levels in the near future but to decelerate over the medium term. Consumer prices increased at a moderate pace and wage growth was also moderate as unemployment remained high. The external current account is expected to record another strong surplus, underpinned by robust performance of exports and tourism and lower repatriation of profits as banks absorbed losses from Agrokor. The balance of risks has improved but vulnerabilities remain sizable as public and external debt levels are still high, and the full impact of the Agrokor restructuring is yet unknown.
Download or read book Economic Growth in Croatia written by Andrea Mervar and published by . This book was released on 1996 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Journey Through Transition Time written by Ivo Družić and published by . This book was released on 2006 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Croatia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-01-16 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the relationship between real GDP growth and domestic bank lending to the private sector in Croatia after the 2008 global financial crisis (GFC), drawing on a cross-country analysis of European countries. Croatia’s recession was substantially longer compared to peers due to both domestic and external factors. Bank credit to the private sector was found to be important for economic growth, but less than often perceived, especially during a boom–bust cycle. Using empirical analysis, this paper confirms that the deleveraging of the private sector, particularly nonfinancial companies, was slow and contributed to Croatia’s prolonged recession. When provisions of nonperforming loans (NPLs) improved and the uncertainty following the GFC receded, credit supply increased, while demand for credit hesitantly picked up with the strengthening of the recovery. The paper thus reinforces that NPLs and how they are handled as well as real growth are important determinants for credit. These findings are supported by the cross-country analysis and corroborated by other studies.
Download or read book The Croatian Economic Development Transition Towards the Market Economy written by Ivan Teodorović and published by . This book was released on 2005 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers mainly the 1990s.
Download or read book Croatian Economic Survey written by and published by . This book was released on 2008 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Croatian Economic Development and the EU written by Gordan Družić and published by . This book was released on 2009 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Policy Making at the European Periphery written by Zdravko Petak and published by Springer. This book was released on 2018-05-30 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines Croatia's economic and political transformation over the last 30 years. It brings together the best political scientists, macroeconomists and public finance experts from Croatia to provide an in-depth analysis of the Croatian policy-making context and the impact of Europeanization upon its domestic institutional framework. The second part of the book scrutinizes the political economy context and Croatia's long-term macroeconomic under-performance, especially in comparison to other transition economies. The final part explores sectoral public policies, including cohesion policy, education, health, pensions, and local government. The book offers a unique blend of Croatia's political economy framework and public policy analysis.
Download or read book Republic of Croatia 2021 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for Croatia written by International Monetary and published by International Monetary Fund. This book was released on 2021-09-10 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: As other emerging economies reliant on tourism (about 25 percent total contribution of tourism-related industries in GDP and employment), Croatia has been hit hard by the pandemic and two devastating earthquakes, leading the economy to contract by 8.0 percent in 2020. Vaccinations have been rolled out to about 38 percent of the population (end-June 2021). Staff projects growth to bounce back to 5.4 percent in 2021, driven by a rebound in the services sector and investment, aided by fiscal and monetary policies, and bolstered by large EU grants over the medium-term.
Download or read book The Quality of Governance and Economic Growth in Croatia written by Marijana Bađun and published by . This book was released on 2006 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Croatia written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-07-02 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2015 Article IV Consultation highlights that after six years of persistent recession, Croatia’s economy is showing first signs of recovery. Robust retail sales and value-added tax receipts suggest that private consumption has bottomed out. Employment has stabilized and corporate profits are recovering. Tailwinds from a favorable external environment have helped, notably lower energy prices, stronger euro area growth, and ample domestic and external liquidity that contain debt servicing costs. For 2015, the economy is projected to grow by 0.5 percent. Net exports are expected to make a modest positive contribution to growth.
Download or read book Republic of Croatia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-08-15 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Croatia has made important strides in restoring robust economic growth and achieving price stability while continuing to strengthen its net international reserves position under the Stand-By Arrangement. Executive Directors welcomed this development, and stressed the need to improve fiscal consolidation, accelerate structural reforms, tighten monetary stance, and maintain the soundness of the banking system. They appreciated the budget, foreign exchange, labor laws, and emphasized the need to focus on public enterprise restructuring and privatization, and promote Croatia's European Union membership bid.
Download or read book Republic of Croatia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2003-11-18 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Croatia continues to enjoy economic growth, price stability, and rising international reserves under the Stand-By Arrangement. Executive Directors commended this and stressed the need for prudent macroeconomic policies, structural reforms, fiscal consolidation, and tight monetary policy. They appreciated partial privatization of the state-owned oil company and strengthening of the financial supervision. They also emphasized the need to focus on restructuring and privatization of public enterprises to sustain high rates of economic growth and advance the prospects of Croatia's European Union accession.
Download or read book Budget Spending and Economic Growth in Croatia written by Ivo Sever and published by . This book was released on 2013 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this research is to analyze the relationship between government budget spending and the effect on the growth and structure of the GDP of Croatia during the past two decades. The starting working assumption (hypothesis) is that the volume of total budget expenditure (including the foreign borrowing) has not been realizing appropriate effect on GDP growth. In the analysis of these relationships we primarily use the method of vector autoregressions (VAR). The main result of the analysis showed that, in accordance with theoretical assumptions, the structure of expenditures is essential for the effects of budgetary spending on economic growth. We determine the positive effects of investment spending and purchases of goods and services and the negative effects of other categories of current spending. The reduction of capital expenditures during the recession presents a particularly adverse trend, which reduces the rate of growth of the economy in the long and short term. A fundamental conclusion of the research is that the budget expenditures have not adequately affected the GDP growth. Therefore, it is possible to affect the economic growth by changing the structure of budgetary spending, as well as directing public borrowing to investment financing.
Download or read book Economic Growth in Croatia written by Mr. David Moore and published by INTERNATIONAL MONETARY FUND. This book was released on 2007-08-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia''s potential growth rate at 4-4½ percent, a result reasonably robust to different methodologies. To sustain growth at a higher rate in line with the authorities'' aspirations, the analysis highlights the critical need to improve the business environment through further measures to reduce the administrative burden, legal uncertainties, and corruption. It also emphasizes the importance of attracting more greenfield foreign direct investment, and reforms to reduce the role of the state in the economy through fiscal consolidation and faster privatization.
