Exports attract special attention in the economic literature and practice due to its contribution to the stability and long term development of any economy, particularly small one as Croatian economy. Also, its role is additionally augmented in the contemporary context of increasing global...

This study analyses the dynamics, structure and connections between entrepreneurial activity, economic development and firm efficiency. While the usual presumption on the relationship between these variables implies straightforward, linear and positive impacts, empirical evidence shows that...

Background: Large-dimensional data modelling often relies on variable reduction methods in the pre-processing and in the post-processing stage. However, such a reduction usually provides less information and yields a lower accuracy of the model. Objectives: The aim of this paper is to assess the...

This article explores the pass-through of different monetary policy channels to inflation in Croatia between January 1998 and December 2009. Using a four-step procedure: unit root test, co-integration test, Granger causality and innovation accounting techniques, we find that (<italic>i</italic>) interest rates,...

There is growing understanding that entrepreneurship is a fruitful strategic development option for local economic development, especially in the rural areas. This strategy being also known as homegrown development refers to a process of supporting and encouraging people to become entrepreneurs...

The main purpose of this paper is to explore the relationship between total energy consumption and real gross domestic product (GDP) covering the period between 1992 and 2010 in Croatia. The methodology employed in this paper is based on the bivariate vector autoregression (VAR) and Granger...