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BUSINESS CLIMATE INDICATOR AS A PREDICTOR OF CROATIAN INDUSTRIAL PRODUCTION

Mirjana Čižmešija   ORCID icon orcid.org/0000-0002-9873-7291 ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Nataša Kurnoga Živadinović   ORCID icon orcid.org/0000-0002-0055-7752 ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Petar Sorić   ORCID icon orcid.org/0000-0002-6773-264X ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia

Puni tekst: engleski, pdf (179 KB) str. 202-209 preuzimanja: 316* citiraj
APA 6th Edition
Čižmešija, M., Kurnoga Živadinović, N. i Sorić, P. (2010). BUSINESS CLIMATE INDICATOR AS A PREDICTOR OF CROATIAN INDUSTRIAL PRODUCTION. Croatian Operational Research Review, 1 (1), 202-209. Preuzeto s https://hrcak.srce.hr/94969
MLA 8th Edition
Čižmešija, Mirjana, et al. "BUSINESS CLIMATE INDICATOR AS A PREDICTOR OF CROATIAN INDUSTRIAL PRODUCTION." Croatian Operational Research Review, vol. 1, br. 1, 2010, str. 202-209. https://hrcak.srce.hr/94969. Citirano 17.06.2019.
Chicago 17th Edition
Čižmešija, Mirjana, Nataša Kurnoga Živadinović i Petar Sorić. "BUSINESS CLIMATE INDICATOR AS A PREDICTOR OF CROATIAN INDUSTRIAL PRODUCTION." Croatian Operational Research Review 1, br. 1 (2010): 202-209. https://hrcak.srce.hr/94969
Harvard
Čižmešija, M., Kurnoga Živadinović, N., i Sorić, P. (2010). 'BUSINESS CLIMATE INDICATOR AS A PREDICTOR OF CROATIAN INDUSTRIAL PRODUCTION', Croatian Operational Research Review, 1(1), str. 202-209. Preuzeto s: https://hrcak.srce.hr/94969 (Datum pristupa: 17.06.2019.)
Vancouver
Čižmešija M, Kurnoga Živadinović N, Sorić P. BUSINESS CLIMATE INDICATOR AS A PREDICTOR OF CROATIAN INDUSTRIAL PRODUCTION. Croatian Operational Research Review [Internet]. 2010 [pristupljeno 17.06.2019.];1(1):202-209. Dostupno na: https://hrcak.srce.hr/94969
IEEE
M. Čižmešija, N. Kurnoga Živadinović i P. Sorić, "BUSINESS CLIMATE INDICATOR AS A PREDICTOR OF CROATIAN INDUSTRIAL PRODUCTION", Croatian Operational Research Review, vol.1, br. 1, str. 202-209, 2010. [Online]. Dostupno na: https://hrcak.srce.hr/94969. [Citirano: 17.06.2019.]

Sažetak
Business and Consumer Surveys (BCS) are one of the most frequently used tools to assess economy’s cyclical behavior. Croatia has been conducting the surveys continually since 1995. Nevertheless, there is still a research niche in the Croatian BCS framework that has not been adequately represented. The Joint Harmonised EU Programme of Business and Consumer Surveys suggests Business Climate Indicator (BCI) as a composite leading indicator of the economy as a whole. In accordance to the EU methodology, this paper examines managers’ qualitative assessments on five important variables related to their economic environment. Using factor analysis one factor was extracted from those five variables, representing the BCI. It’s predictive properties were analyzed with regards to Croatian industrial production using Granger causality test, impulse response and variance decomposition analysis. Results strongly confirm the precedence of BCI to the changes of Croatian industrial production, validating the importance of its introduction and utilization in Croatian economic cycles analysis.

Ključne riječi
Business Survey; Business Climate Indicator; Multivariate Analysis; Factor Analysis; Vector autoregression

Hrčak ID: 94969

URI
https://hrcak.srce.hr/94969

Posjeta: 462 *