In this paper exchange rate pass-through effect in Croatia is estimated with nonlinear (asymmetric) threshold autoregressive model (TAR). In total 12285 regressions is estimated and a strong case of nonlinearity with single threshold is proven. According to our estimation there is a threshold at...

In this paper we investigate Harrod Balassa Samuelson (HBS) effect in 11 transition countries. A large number of empirical papers based on quite limited datasets has already been published on HBS in Eastern Europe. The major contribution of this paper is the fact that we estimate HBS with NACE6...

The influential and controversial paper by Reinhart and Rogoff (2010) triggered a debate on the effects of public debt on economic growth. Subsequent papers provide more convincing results. However, one of the key assumptions implied in these studies is that lower economic growth is spurred by...

Cilj ovoga rada je procijeniti Modiglijanijevu funkciju potrošnje u gospodarstvu Hrvatske koja osim efekta raspoloživog dohotka inkorporira i efekt bogatstva na potrošnju. Procjena je napravljena na kvartalnim podacima na dostupnoj statističkoj građi za razdoblje nakon 1997. godine....

Osnovni cilj rada je procijeniti relativnu važnost faktora rasta u RH u razdoblju od 1997. do 2012. godine. Analiza je napravljena pomoću računovodstva rada na kvartalnim podacima. Serije za fizički kapital su konstruirane pomoću tri metode trajne inventorizacije, a metoda za odabir između...

Cilj ovoga rada je procjena utjecaja udaljenosti na cijene stambenih objekata u Gradu Zagrebu. Procijenjeni hedonički ekonometrijski model potvrđuje teoretska predviđanja teorije bid-rent krivulje o negativnom utjecaju prostorne udaljenosti od centra grada na cijenu nekretnina. Nagib bid-rent...

In this paper we investigate the impact transition had on the total factor productivity in Croatia. The analyzed data cover the period from 1952 to 2008. Our sample is interesting for several reasons. It includes first estimates of physical capital for Croatia in the pretransition period. In...

Cilj ovoga rada je procijeniti efekt tečaja na tekući račun platne bilance u kontekstu Marshall-Lernerovog uvjeta i efekta bogatstva na potrošnju građana. Velik broj dosadašnjih radova koji je procjenjivao efekt tečaja na dohodak, zaposlenost i/ili industrijsku proizvodnju bazirao se samo...

In this paper, framework of the relative labor cost has been used in order to analyze relative competitiveness of the economic agents in the Croatia and five accession countries. Therefore, unit labor costs have been calculated for the Croatia, Czech Republic, Hungary, Poland, Slovakia and...

The paper investigates effects of the tourism boom on the real estate market in Croatia. According to the general equilibrium models of the tourism intensive small open economy, the most important benefit of the tourism is reflected in the fixed-factors rents, namely real estate market rents....