Review article
https://doi.org/10.32676/n.7.1.6
Investment and export in the context of Croatian companies' competitiveness
Maja Bašić
orcid.org/0000-0002-1842-7091
Martina Ferko
Martina Sopta Ćorić
Abstract
This paper explores the relationship between investment in fixed assets and export revenues in the period 2006-2015 for 300 largest Croatian exporters. The paper examines whether investments affect differently companies that generate most of their revenues abroad than those that generate revenues in both domestic and foreign markets. Methods of descriptive and inferential statistics showed that the majority of companies come from the manufacturing industry (55 %), deal with wholesale trade (less than 10 % of companies). The most significant increase in fixed assets is visible in agriculture, food production, retail trade, warehousing, production of hardware, production of pharmaceutical products, wood processing, and collection, treatment and disposal of waste, while negative changes were observed in: production of tobacco products and production of paper and paper products. The production of other non-metallic mineral products and water transport have an equally variable and dynamic pattern of investment. The largest increase in export earnings comes from trade activities. Investments in fixed assets increase exports of a not fully export-oriented company more than a fully export-oriented company.
Keywords
investment; export; fixed asset investment; competitiveness; Croatia
Hrčak ID:
267088
URI
Publication date:
13.12.2021.
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