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https://doi.org/10.5559/di.29.4.07

Has the Accession of Croatia to the EU Affected Business Sentiment in Industry? Synthetic Control Method Approach

Tihana Škrinjarić   ORCID icon orcid.org/0000-0002-9310-6853 ; University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia
Mirjana Čižmešija   ORCID icon orcid.org/0000-0002-9873-7291 ; University of Zagreb, Faculty of Economics and Business, Zagreb, Croatia

Puni tekst: engleski, pdf (977 KB) str. 643-663 preuzimanja: 200* citiraj
APA 6th Edition
Škrinjarić, T. i Čižmešija, M. (2020). Has the Accession of Croatia to the EU Affected Business Sentiment in Industry? Synthetic Control Method Approach. Društvena istraživanja, 29 (4), 643-663. https://doi.org/10.5559/di.29.4.07
MLA 8th Edition
Škrinjarić, Tihana i Mirjana Čižmešija. "Has the Accession of Croatia to the EU Affected Business Sentiment in Industry? Synthetic Control Method Approach." Društvena istraživanja, vol. 29, br. 4, 2020, str. 643-663. https://doi.org/10.5559/di.29.4.07. Citirano 21.06.2021.
Chicago 17th Edition
Škrinjarić, Tihana i Mirjana Čižmešija. "Has the Accession of Croatia to the EU Affected Business Sentiment in Industry? Synthetic Control Method Approach." Društvena istraživanja 29, br. 4 (2020): 643-663. https://doi.org/10.5559/di.29.4.07
Harvard
Škrinjarić, T., i Čižmešija, M. (2020). 'Has the Accession of Croatia to the EU Affected Business Sentiment in Industry? Synthetic Control Method Approach', Društvena istraživanja, 29(4), str. 643-663. https://doi.org/10.5559/di.29.4.07
Vancouver
Škrinjarić T, Čižmešija M. Has the Accession of Croatia to the EU Affected Business Sentiment in Industry? Synthetic Control Method Approach. Društvena istraživanja [Internet]. 2020 [pristupljeno 21.06.2021.];29(4):643-663. https://doi.org/10.5559/di.29.4.07
IEEE
T. Škrinjarić i M. Čižmešija, "Has the Accession of Croatia to the EU Affected Business Sentiment in Industry? Synthetic Control Method Approach", Društvena istraživanja, vol.29, br. 4, str. 643-663, 2020. [Online]. https://doi.org/10.5559/di.29.4.07

Sažetak
Some economic and political events determine the level and
dynamics of real economic variables on one hand, and business
sentiment as a "soft" variable with a good predictive power for
those variables, on the other. In this paper, we observe the impact Croatia's accession to the European Union (EU) in 2013
had on the Industrial confidence indicator (ICI) as a measure of
business sentiment in Croatia's industry. Entering the EU had a
strong positive impact on the economies of countries that had
joined the Union. Unlike other new EU member states, which
entered the EU in an upward phase of the European business
cycle, Croatia entered this community immediately after the
stabilization of the European debt crisis and in a long period of
recession. Using a novel application of the Synthetic Control
Method (SCM) to the business survey (BS) data, the main hypothesis, that Croatia's accession to the EU had a strong positive
impact on the ICI (which can be explained as euphoria), is
confirmed. Conclusions derived from this research are a contribution to the improvement and popularization of BS and SCM.

Ključne riječi
industrial confidence indicator; synthetic control method; business and consumer survey; counterfactual methodology

Hrčak ID: 246652

URI
https://hrcak.srce.hr/246652

[hrvatski]

Posjeta: 522 *