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Changes in Industrial Concentration in the Croatian Economy (1995-2006)

Darko Tipurić orcid.org/0000-0001-8785-0179 ; Faculty of Economics and Business, University of Zagreb
Mirjana Pejić Bach orcid.org/0000-0003-3899-6707 ; Faculty of Economics and Business

Abstract

The aim of this paper is to obtain a better understanding of differences and dynamics of concentration across
various industries in the Croatian economy in the period 1995-2006 in order to be able to foresee future trends.
Shifts in concentration vary across industries in the Croatian economy. Concentration declines in
approximately two fifths of the Croatian economy whereas one fifth of the Croatian economy shows a growing
trend in concentration. In the remaining industries no changes in concentration occurred. The causes of
concentration are as follows: (1) decline in concentration due to inadequate adjustments of leading firms to
transition, (2) decline in concentration due to deregulation, (3) increase in concentration in industries targeted
by multinational companies, and (4) increase in concentration in industries in which no significant new firms
emerged following the unsuccessful privatization of leading firms.

Keywords

concentration; industry; transition

Hrčak ID:

136978

URI

https://hrcak.srce.hr/136978

Publication date:

22.2.2009.

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