IDEAS home Printed from https://ideas.repec.org/a/osi/bulimm/v21y2021p233-244.html
   My bibliography  Save this article

Regional Value Chains In The Croatia'S Neighbouring Countries As Economic Drivers

Author

Listed:
  • Davor Mance

    (University of Rijeka Faculty of Economics, Croatia)

  • Borna Debelic

    (University of Rijeka Faculty of Maritime Studiesm, Croatia)

  • Sinisa Vilke

    (University of Rijeka Faculty of Maritime Studiesm, Croatia)

Abstract

Regional value chains (RVCs) are an important indicator of regional trade, economic integration and development. Due to regionalization of production, instead of globalisation of production, more and more production is taking place in RVCs. We used the UNCTAD-Eora database to obtain the values of the basic RVC indicator: domestic value added (DVA) included in a country's exports. We analyse the regional value chains in Croatia and its neighbouring countries: Bosnia and Herzegovina, Hungary, Montenegro, Serbia and Slovenia. We performed a Panel Estimated Generalised Least Squares analysis with weights for cross-sectional fixed effects, weights for cross-sectional EGLS, covariance method for white cross-sectional coefficients and correction for degrees of freedom to obtain a more efficient estimation of coefficients and to correct for heteroscedasticity or autocorrelation in the residuals. The results of the panel EGLS show a statistically significant relationship between the change in value added (VA) of neighbouring Croatian countries and the change in Croatian VA (R2=0.73, p 0.0001). The results suggest that Croatia's linkages with neighbouring countries in RVCs are statistically significant, even though the extent of these linkages is of very small magnitude.

Suggested Citation

  • Davor Mance & Borna Debelic & Sinisa Vilke, 2021. "Regional Value Chains In The Croatia'S Neighbouring Countries As Economic Drivers," Business Logistics in Modern Management, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 21, pages 233-244.
    • Handle: RePEc:osi:bulimm:v:21:y:2021:p:233-244
    as

    Download full text from publisher

    File URL: http://www.efos.unios.hr/repec/osi/bulimm/PDF/BusinessLogisticsinModernManagement21/blimm2114.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osi:bulimm:v:21:y:2021:p:233-244. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Davor Dujak,PhD (email available below). General contact details of provider: https://edirc.repec.org/data/efosihr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.