Original scientific paper
https://doi.org/10.1080/1331677X.2020.1774788
Economic diplomacy: concept for economic prosperity in Croatia
Ivona Peternel
orcid.org/0000-0002-3957-5050
Martin Grešš
Abstract
The aim of this article is to analyse the Croatian economic diplomacy
model to identify the model, revealing its effectiveness and
providing possible recommendations for the future research in
the area of economic diplomacy. Literature review for Croatia
indicates an overall lack of national research on the subject matter
from the empirical point of view. Such situation is partially a
result of economic diplomacy being a new phenomenon in
Croatia and with Croatian political structure struggling many years
with internal public administration reorganisation, privatisation
process and joining the European Union. Occasional theoretical
approaches are presented with analysis coming from the questionnaire
surveys. The empirical research contribution of the article
highlights the Croatian volume of export of goods and its
connection with diplomatic actors. The research is based on
the gravity model of international trade and presents empirical
findings in the analysis of Croatian economic diplomacy and its
effectiveness regarding the Croatian export of goods. The
research model confirms positive relationship between Croatian
total exports and three independent variables: GDP, distance and
staff employed in diplomatic mission.
Keywords
Economic diplomacy; Croatia; gravity model
Hrčak ID:
299995
URI
Publication date:
31.12.2021.
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