Examining the export-led growth hypothesis : the case of Croatia

Bilas, Vlatka; Bošnjak, Mile; Franc, Sanja

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Title:	Examining the export-led growth hypothesis : the case of Croatia
Authors:	ID Bilas, Vlatka (Author) ID Bošnjak, Mile (Author) ID Franc, Sanja (Author)
Files:	Nase_gospodarstvoOur_economy_2015_Bilas,_Bosnjak,_Franc_Examining_the_Export-led_Growth_Hypothesis_The_case_of_Croatia.pdf (324,34 KB) MD5: 5F8526018D40598AACF4E4F221704DEA PID: 20.500.12556/dkum/f333f400-7e22-45d2-bf98-ece0638c6217 https://www.degruyter.com/view/j/ngoe.2015.61.issue-3/ngoe-2015-0010/ngoe-2015-0010.xml
Language:	English
Work type:	Scientific work
Typology:	1.01 - Original Scientific Article
Organization:	EPF - Faculty of Business and Economics
Abstract:	This paper examines the relationship between gross domestic product and exports of goods and services in Croatia between 1996 and 2012. The research results confirmed unidirectional Granger causality from the exports of goods and services to gross domestic product. Following the Engle-Granger approach to cointegration, long-term equilibrium as well as short-term correlation between the observed variables was identified. Exports of goods and services and gross domestic product (GDP) in Croatia move together. If the two observed variables move away from equilibrium, they will return to their long-term equilibrium state at a velocity of 24.46% in the subsequent period. In accordance with the results, we found evidence supporting the export-led growth hypothesis in Croatia. As the outcomes indicated, to recover the economy, Croatia should put more emphasis on the development of exporting sectors.
Keywords:	gross domestic product, export, Croatia, Granger causality
Publication status:	Published
Publication version:	Version of Record
Year of publishing:	2015
Number of pages:	str. 22-31
Numbering:	Letn. 61, št. 3
PID:	20.500.12556/DKUM-68930
ISSN:	0547-3101
UDC:	330.55:339.564(497.5)
ISSN on article:	0547-3101
COBISS.SI-ID:	12017948
DOI:	10.1515/ngoe-2015-0010
NUK URN:	URN:SI:UM:DK:EZHWQSUA
Publication date in DKUM:	13.11.2017
Views:	1311
Downloads:	186
Metadata:
Categories:	Misc.
:	BILAS, Vlatka, BOŠNJAK, Mile and FRANC, Sanja, 2015, Examining the export-led growth hypothesis : the case of Croatia. Naše gospodarstvo : revija za aktualna gospodarska vprašanja [online]. 2015. Vol. 61, no. 3, p. 22–31. [Accessed 1 April 2025]. DOI 10.1515/ngoe-2015-0010. Retrieved from: https://dk.um.si/IzpisGradiva.php?lang=eng&id=68930 Copy citation

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Record is a part of a journal

Title:	Naše gospodarstvo : revija za aktualna gospodarska vprašanja
Shortened title:	Naše gospod.
Publisher:	Ekonomsko-poslovna fakulteta, Društvo ekonomistov Maribor, Ekonomski center Maribor
ISSN:	0547-3101
COBISS.SI-ID:	751364

Licences

License:	CC BY-NC-ND 4.0, Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

Link:	http://creativecommons.org/licenses/by-nc-nd/4.0/
Description:	The most restrictive Creative Commons license. This only allows people to download and share the work for no commercial gain and for no other purposes.
Licensing start date:	13.11.2017

Secondary language

Language:	Slovenian
Title:	Testiranje hipoteze o izvozno podprti rasti : primer Hrvaške
Abstract:	V članku preverjamo povezanost bruto domačega proizvoda in izvoza blaga in storitev na Hrvaškem v obdobju med letoma 1996 in 2012. Izsledki raziskave potrjujejo enosmerno Grangerjevo vzročnost od izvoza blaga in storitev do bruto domačega proizvoda. Skladno z Engle-Grangerjevim pristopom h kointegraciji smo ugotovili dolgoročno ravnovesje in kratkoročno korelacijo med opazovanimi spremenljivkami. Izvoz blaga in storitev in bruto domači proizvod se na Hrvaškem gibljejo skupaj. Če se gibanje opazovanih spremenljivk odmakne od ravnovesja, se v naslednjem obdobju vrnejo v dolgoročno stanje ravnovesja s hitrostjo 24,46 %. Skladno z izsledki smo potrdili hipotezo o izvozno podprti rasti na Hrvaškem. Rezultati nakazujejo, da bi morala Hrvaška za okrevanje gospodarstva večji poudarek dati razvoju izvoznih sektorjev.
Keywords:	gospodarstvo, izvoz, gospodarska rast, bruto domači proizvod, izvoz, Hrvaška, Grangerjeva vzročnost

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