Original scientific paper
TRANSITION IN MENTALITY DUE TO SCARCITY – EVIDENCE FROM THE REPUBLIC OF CROATIA
Marinko Škare
Katarina Kostelić
Katarina Justić Jozičić
Abstract
This paper aims to identify changes in consumption,
with emphasis on shifts in decision-making process
and income allocation due to scarcity. In order to determine
the changes in consumption is necessary to
determine the change in the quantity of consumption,
and changes in consumption patterns. This paper will
first look at the economic situation in the Republic of
Croatia. Path positioning on Swan’s diagram will confirm
a shift in the equilibrium over time. Study results
will show the level of change in consumption caused
by scarcity, and a change in consumption patterns.
The implications of the results of this study should
suggest that in addition of proper macroeconomic
management to restore equilibrium and economic
growth, a change in citizens’ attitude is also required.
Keywords
Scarcity; Attitudes; Income allocation
Hrčak ID:
133132
URI
Publication date:
1.12.2013.
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