E-Knjižnica FET "Dr. Mijo Mirković"

Can a change in the growth pattern speed up the convergence of transition countries toward EU? - example of Croatia

Škare, Marinko (2001) Can a change in the growth pattern speed up the convergence of transition countries toward EU? - example of Croatia. In: Fourth international conference on enterprise in transition. Faculty of Economics, University of Split , Split, pp. 1804-1821.

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In the past, transition countries capabilities to produce goods and services demanded, basically depended on the employment growth and capital formation rate. The level of technological attainment under the central planning was low because of the firm`s disincentives to innovate, leaving the nation`s productive capacity far beyond EU countries. The same was for Croatia. With the present unemployment rate (21, 3%), the actual GNP is largely beyond the potential with the convergence of gap deepening. This papers aim is dual. The first is to investigate the major sources of the economic growth for Croatia in the past 40 years and the second is to compare actual growth pattern for Croatia with different growth strategies. Then, using the dynamic growth model we will simulate the speed of the Croatian growth convergence for two scenarios ; leaving the overall growth strategy unchanged ; revisiting the growth strategy and formulating the new one. After the key growth determinants identification, an alternative strategy for expanding and improving economy`s productive capacity can be set. However, the economy`s productive capacity evolution from actual will fondly depend on the private sector growth constraints; lack of capital and poor banking system functioning. The lack of the conventional wisdom in the mind of the macroeconomic policy creators is the principal reason for the unimpressive growth record of the Croatian economy. Historical but also present growth policies were based on the static growth theory of the resource allocation, labor intensive productive sector and without clear growth scenarios including the identification of the growth advancing production factors.

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Tip objekta: Dio knjige
Ključni pojmovi: new growth theory, endogenous growth model, human capital, growth pattern, convergence theory, growth oriented policies, historical growth decomposition
Teme: 3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 330 Ekonomija općenito > 330.3 Dinamika gospodarstva. Kretanje gospodarstva > 330.35 Gospodarski rast
3 Društvene znanosti > 33 Ekonomija. Ekonomska znanost > 339 Trgovina. Međunarodni gospodarski odnosi. Svjetsko gospodarstvo > 339.9 Međunarodno gospodarstvo općenito. Međunarodni gospodarski odnosi. Globalno gospodarstvo > 339.923 Gospodarske unije. Gospodarske zajednice. Gospodarski blokovi
Odjeli: Fakultet ekonomije i turizma "Dr. Mijo Mirković"
Datum pohrane: 05 Feb 2014 12:41
Zadnja promjena: 05 Feb 2014 12:41
URI: http://eknjiznica.unipu.hr/id/eprint/3085

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