Growth Anatomy of Croatian Economy
Munich Personal RePEc Archive Growth Anatomy of Croatian Economy Cizmovic, Mirjana and Jankovic, Jelena and Popovic, Milenko ISEA Mediterranean Univerzity, ISEA, ISEA Mediterranean Univerzity 1 September 2015 Online at https://mpra.ub.uni-muenchen.de/66478/ MPRA Paper No. 66478, posted 08 Sep 2015 14:48 UTC RIFIN and Faculty of Economics, Zagreb: International Scientific Conference: Croatian Economic Crisis and Shift from Recession to Economic Development Zagreb, Croatia, October 2015 Mirjana Čizmović, Institute for Socio-Economic Analysis, Podgorica, Montenegro & Mediterranean University, Podgorica, Montenegro Jelena Janković, Institute for Socio-Economic Analysis, Podgorica, Montenegro & Central Bank of Montenegro, Podgorica, Montenegro Milenko Popović, Institute for Socio-Economic Analysis, Podgorica, Montenegro & Mediterranean University, Podgorica, Montenegro Growth Anatomy of Croatian Economy 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.
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