Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2018.1480967
The import content of Croatian economic sectors and final demand
Davor Mikulić
orcid.org/0000-0002-9847-6116
; Senior Research Fellow at the Institute of Economics, Zagreb, Croatia
Zeljko Lovrinčević
; Senior Research Fellow at the Institute of Economics, Zagreb, Croatia
Sažetak
Production processes are becoming increasingly fragmented and
dispersed for producers in different geographical areas as a result
of international integration and trade liberalisation. The aim of
this paper is to estimate direct and indirect import content of
Croatian industries and final demand and to compare the results
with previous studies for European economies. Direct and indirect
import content of final demand is estimated by an input-output
model. The updated 2013 input-output table based on the bi-proportional adjustment of the rows and columns of the base technology matrix A (RAS method) is applied in order to account for
changes in technical coefficients for domestic output and imports
after European Union (EU) accession. The highest import content
is estimated for sectors applying production technology that
requires raw materials which are not available in sufficient quantities domestically, and sectors that produce high-tech or medium
high-tech goods. The import content of public and personal services is low. The highest import content of domestic final demand
is recorded for exports and gross fixed capital formation. In comparison to other new member-states, the Croatian economy is
less internationally integrated and import dependence is more
similar to results found for larger self-sufficient economies.
Empirical results on the import content of different economic sectors could enhance the effectiveness of macroeconomic policies.
Ključne riječi
Final demand; import content; import multiplier; input-output model
Hrčak ID:
217024
URI
Datum izdavanja:
3.12.2018.
Posjeta: 1.099 *