Preliminary communication

ANALYSIS OF CROATIAN COMMODITY EXCHANGE

Ana Grdović Gnip

Abstract

Not a single national economy exists today that is not, at least to a certain extent, dependant on world economy, i.e. world market. This dependence leads to a higher, and also more specialized production of goods among the countries, and consequently to a more specialized commodity exchange. The importance and role of foreign trade varies from economy to economy, because they depend on the development of that economy, its structure, the size of the market, economic movements in the world and the economic policy of the country. This paper analyzes the commodity exchange of the Republic of Croatia, statistically presented according to the Standard International Classification and the National Classification of Activities, and econometrically analyzed on the grounds of quarterly data in the period from the last quarter of 1994 to the last quarter of 2007 using the least squares method. The aims of the paper are the determination of the current position and the structure of foreign trade of the Republic of Croatia, the finding of key factors affecting Croatian exports and imports and the empirical confirmation of theoretical implications of devaluation on commodity exchange as well as the determination of certain laws of Croatian commodity exchange.

Keywords

commodity exchange; trade deficit; Republic of Croatia; OLS; devaluation

Hrčak ID:

38200

URI

https://hrcak.srce.hr/38200

Publication date:

15.3.2009.

Article data in other languages: croatian

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