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Growth Anatomy of Croatian Economy

Author

Listed:
  • Cizmovic, Mirjana
  • Jankovic, Jelena
  • Popovic, Milenko

Abstract

In this paper presented is research on anatomy of growth of Croatian economy in the period 1990-2013. Results of this analysis basically should be understood as a kind of growth diagnostic of Croatian economy. Conventional sources of growth analysis, which measure contribution of different factors of production, is given for growth of GDP and per capita GDP in relevant sub-periods. To get deeper understanding of results provided in this way, authors continue with analysis of sectorial side sources of growth. Further insights are provided by demand side sources of growth. Particular attention is, in that respect, devoted to analysis of net-export, capital formation and final consumption. Brief notions on institutional and other fundamental causes of growth are given as well. Policy recommendations for overcoming existing deadlock and acceleration of economic growth are only briefly discussed in concluding section of the paper.

Suggested Citation

  • Cizmovic, Mirjana & Jankovic, Jelena & Popovic, Milenko, 2015. "Growth Anatomy of Croatian Economy," MPRA Paper 66478, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:66478
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    More about this item

    Keywords

    Sources of growth; TFP; Sectoral structure; Expenditure structure;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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