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https://doi.org/10.7906/indecs.18.2.12

Economic Determinants of Croatian Consumer Confidence: Real Estate Prices vs. Macroeconomy

Petar Sorić ; University of Zagreb – Faculty of Economics & Business, Zagreb, Croatia
Mateo Žokalj ; InterCapital Securities, Zagreb, Croatia
Marija Logarušić ; University of Zagreb – Faculty of Economics & Business, Zagreb, Croatia

Puni tekst: engleski, pdf (610 KB) str. 241-257 preuzimanja: 20* citiraj
APA 6th Edition
Sorić, P., Žokalj, M. i Logarušić, M. (2020). Economic Determinants of Croatian Consumer Confidence: Real Estate Prices vs. Macroeconomy. Interdisciplinary Description of Complex Systems, 18 (2-B), 241-257. https://doi.org/10.7906/indecs.18.2.12
MLA 8th Edition
Sorić, Petar, et al. "Economic Determinants of Croatian Consumer Confidence: Real Estate Prices vs. Macroeconomy." Interdisciplinary Description of Complex Systems, vol. 18, br. 2-B, 2020, str. 241-257. https://doi.org/10.7906/indecs.18.2.12. Citirano 08.08.2020.
Chicago 17th Edition
Sorić, Petar, Mateo Žokalj i Marija Logarušić. "Economic Determinants of Croatian Consumer Confidence: Real Estate Prices vs. Macroeconomy." Interdisciplinary Description of Complex Systems 18, br. 2-B (2020): 241-257. https://doi.org/10.7906/indecs.18.2.12
Harvard
Sorić, P., Žokalj, M., i Logarušić, M. (2020). 'Economic Determinants of Croatian Consumer Confidence: Real Estate Prices vs. Macroeconomy', Interdisciplinary Description of Complex Systems, 18(2-B), str. 241-257. https://doi.org/10.7906/indecs.18.2.12
Vancouver
Sorić P, Žokalj M, Logarušić M. Economic Determinants of Croatian Consumer Confidence: Real Estate Prices vs. Macroeconomy. Interdisciplinary Description of Complex Systems [Internet]. 2020 [pristupljeno 08.08.2020.];18(2-B):241-257. https://doi.org/10.7906/indecs.18.2.12
IEEE
P. Sorić, M. Žokalj i M. Logarušić, "Economic Determinants of Croatian Consumer Confidence: Real Estate Prices vs. Macroeconomy", Interdisciplinary Description of Complex Systems, vol.18, br. 2-B, str. 241-257, 2020. [Online]. https://doi.org/10.7906/indecs.18.2.12

Sažetak
This article provides a starting point for the analysis of the determinants of consumer confidence in Croatia. Using Autoregressive Distributed Lag models, we analyse a wide array of macroeconomic drivers of consumer confidence. Despite the well-established fact that the Croatian economy is highly dependent of the real estate sector, consumers seem not to significantly react to real estate prices. On the other hand, we do find some evidence of a considerable long run impact of real wages, interest rates, and the general price level. In the short run, consumer confidence seems to also be responsive to stock market developments and unemployment. Overall, our estimates show that macroeconomic factors explain a lion’s share of variability in consumer confidence.

Ključne riječi
business and consumer surveys; consumer confidence; economic sentiment; real estate prices

Hrčak ID: 240247

URI
https://hrcak.srce.hr/240247

Posjeta: 47 *