Original scientific paper
https://doi.org/10.1080/1331677X.2021.1931908
Economic effects of transport sectors on Croatian economy: an input–output approach
Damira Keček
Predrag Brlek
Krešimir Buntak
Abstract
Multiplier effects play a major role in determining importance of
a sector of interest to the national economy. In order to determine the significance of Croatian transport sectors, in this paper
input-output analysis was applied. A comparative analysis of type
I and type II output, gross value added and employment multipliers based on input-output tables for Croatian economy for the
year 2010 and 2015 was performed. Type I multipliers were calculated based on the open IO model. Closed IO model was used in
type II multipliers determination. Results indicate that sector code
H49—Land transport services and transport services via pipelines
and sector code H50—Water transport services in the year 2015
recorded lower type I and type II output, gross value added and
employment multipliers compared to the year 2010. For sector
code H51—Air transport services, significant growth in terms of
all three economic indicators was detected, especially when interest is focused on type I and type II employment multipliers.
Results presented in this paper could be valuable for academia
and general public because they reflect multipliers estimation of
transport sectors in Republic of Croatia for the first time based on
sound macroeconomic analysis tool.
Keywords
Employment; gross value added; input-output analysis; output; transport sectors
Hrčak ID:
302249
URI
Publication date:
31.3.2023.
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