Transport, international trade and economic growth: analysis of the effects of trade liberalization in the case of Croatia and Primorsko-goranska County
Principal investigator:
Prof. Alen Host, PhD - EFRI
Co-investigators
Prof. Vinko Zaninović PhD - EFRI
Prof. Helga Pavlić Skender PhD - EFRI
Doctoral students
Petra Adelajda Mirković - EFRI
Summary
Prof. Helga Pavlić Skender PhD - EFRI
Doctoral students
Petra Adelajda Mirković - EFRI
Summary
Trade facilitation plays a crucial role in country’s engagement in the international trade. As tariffs came down, it remains to research how other factors such as transport and logistics infrastructure affect trade. This project is twofold, whereas in the first part it investigates the effects of transport and logistics infrastructure on Croatia’s engagement in international trade flows. Considering the importance of the trade for the national economy and significant funds directed into the trade facilitation in Croatia, the purpose of this research is to evaluate whether these funds were justified and to quantify the impact of infrastructure on international trade between Croatia and its main trade partners and consequently the impact on economic growth. In order to fully understand the effects of trade facilitation on international trade, it’s important to estimate the effects on both, macro (aggregate) and micro level. Thus, the second part of the research is dedicated to the analysis of the effects of transport and logistics infrastructure on the regional level where we analyse the effects of trade facilitation on the business performance of the companies located in the Primorje-Gorski Kotar County.
The aim of the research is to investigate how trade facilitation, partly through trade liberalization, and partly through domestic transport and logistics infrastructure (hard and soft) has contributed to the economic growth of Croatia, both on the country and regional level, in the case of Primorsko-goranska County. In the first part of the research, focused on the aggregate level, we use macroeconomic data (value of the import and export, gross domestic capital formation, logistics performance index, economic growth etc.) in the period 2001 – 2018, while in the second part of the research, focused on the regional level, we use microeconomic data (share of income from exports to operating profit enterprises, enterprise income, enterprise expense, total assets of the company) on the company level in the period 2008-2017.
