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Modelling Croatian Export Dynamics Using Global Macroeconometric Model

Saša Jakšić ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia
Berislav Žmuk ; Faculty of Economics and Business, University of Zagreb, Zagreb, Croatia

Puni tekst: engleski, pdf (266 KB) str. 31-48 preuzimanja: 245* citiraj
APA 6th Edition
Jakšić, S. i Žmuk, B. (2014). Modelling Croatian Export Dynamics Using Global Macroeconometric Model. Zagreb International Review of Economics & Business, 17 (SCI), 31-48. Preuzeto s https://hrcak.srce.hr/130321
MLA 8th Edition
Jakšić, Saša i Berislav Žmuk. "Modelling Croatian Export Dynamics Using Global Macroeconometric Model." Zagreb International Review of Economics & Business, vol. 17, br. SCI, 2014, str. 31-48. https://hrcak.srce.hr/130321. Citirano 28.03.2020.
Chicago 17th Edition
Jakšić, Saša i Berislav Žmuk. "Modelling Croatian Export Dynamics Using Global Macroeconometric Model." Zagreb International Review of Economics & Business 17, br. SCI (2014): 31-48. https://hrcak.srce.hr/130321
Harvard
Jakšić, S., i Žmuk, B. (2014). 'Modelling Croatian Export Dynamics Using Global Macroeconometric Model', Zagreb International Review of Economics & Business, 17(SCI), str. 31-48. Preuzeto s: https://hrcak.srce.hr/130321 (Datum pristupa: 28.03.2020.)
Vancouver
Jakšić S, Žmuk B. Modelling Croatian Export Dynamics Using Global Macroeconometric Model. Zagreb International Review of Economics & Business [Internet]. 2014 [pristupljeno 28.03.2020.];17(SCI):31-48. Dostupno na: https://hrcak.srce.hr/130321
IEEE
S. Jakšić i B. Žmuk, "Modelling Croatian Export Dynamics Using Global Macroeconometric Model", Zagreb International Review of Economics & Business, vol.17, br. SCI, str. 31-48, 2014. [Online]. Dostupno na: https://hrcak.srce.hr/130321. [Citirano: 28.03.2020.]

Sažetak
Five years following the occurrence of the global economic and financial crisis, Croatia is one of the few countries in the region whose export has still not recovered to the pre-crisis level. In order to properly account for international linkages and possible crisis spillover effects, a Global Vector AutoRegressive (GVAR) model is defined. The GVAR model is a consistent global macroeconometric model which enables modelling interactions between Croatia and a set of Central and Southeast European (CSEE) countries. The empirical analysis reveals that the domestic variables are the main factor explaining Croatian export dynamics in the short run. However, in the long run, the main determinants of Croatian export are the US and German real exchange rates. These findings provide evidence in favour of low competitiveness of Croatian export.

Ključne riječi
Global VAR; GFEVD; international trade; export; Croatia

Hrčak ID: 130321

URI
https://hrcak.srce.hr/130321

Posjeta: 415 *