Croatia’s Post-communist Transition Experience: The Paradox of Initial Advantage Turning into a Middle-Income Trap

Kotarski, Kristijan; Petak, Zdravko

doi:10.1007/978-3-319-73582-5_1

Cited by 10 publications

(4 citation statements)

References 22 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The ownership structures emerging from the various privatization programmes in Slovenia have not led to a higher performance of growing sustainability (Lahovnik, 2019). Kotarski and Petak (2019) claim that the political economy of Croatia's transition represents the case of partial reform equilibrium where winners represent the biggest threat to successful long-term transition. In addition, comparative political economy analysis of five key areas (product market competition, collective bargaining, financial sector, social protection and education) shows that Croatia developed a typical variation of capitalism, which is in its attributes closer to South European capitalisms than to capitalisms prevalent in CEC EU member states.…”

Section: Literature Reviewmentioning

confidence: 99%

The missing link between wages and labour productivity in tourism: evidence from Croatia and Slovenia

Gričar

Šugar

Bojnec

2020

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

The present article aims to analyse wage-labour productivity causalities in Croatia and Slovenia using cointegration methods based on monthly time series data of variables for labour productivity and real gross wages in tourism industry during the period December 1999-January 2020. The data vector is integrated by chain indices with the constant base January 2000 ¼ 100. A stochastic trend and shocks are covered in the analysis. Shocks are linked to the European Union accession, and economic crisis following with overwhelmed tourist arrivals. The contribution of the research is two-fold. First, the equations for at most normal distributed variables of labour productivity and real wages in tourism are exposed. Three spatial cointegration relations confirm labour productivity integrity of the regional tourism market. Second, pair-wise causalities indicate one cointegrated vector for labour productivity, which drives real gross wages in tourism sub-industries. These results suggest that for a higher non-seasonal assessment of real gross wage, the labour productivity should rise, i.e. less workers, more robotization or more tourist arrivals with better quality solutions. These findings are at most important to be implemented after the COVID-19 infection crisis with expected restructurings and digital transformation in the tourism industry.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

The missing link between wages and labour productivity in tourism: evidence from Croatia and Slovenia

Gričar

Šugar

Bojnec

2020

Economic Research-Ekonomska Istraživanja

View full text Add to dashboard Cite

show abstract

“…The demise of the Agrokor Corporation intensified discussions of crony capitalism, which had already been identified as one of the main obstacles to Croatia's economic development (Franičević & Bićanić, 2007;Stubbs & Zrinščak, 2015;Švarc & Lažnjak, 2017;Kotarski & Petak, 2019) and also played a major role in Agrokor's mismanagement (Ivanković, 2018). Besides indirect effects on the suppliers, detrimental effects of cronyism on co-operatives have often been much more direct, as when one of our research participants reported on , 2017).…”

Section: Croatian Co-operative Sector Todaymentioning

confidence: 99%

Croatian co-operatives’ story of revival: Overcoming external obstacles

Božić

Šprajc

Srbljinović

2019

Journal of Co-operative Organization and Management

View full text Add to dashboard Cite

“…The results of the previous analysis can be applied to Croatia -the poor quality of institutions in Croatia also has an adverse effect on the efficiency of the product market. Nevertheless, research on the economic consequences of this historically poor quality of institutions in Croatia is rare, but several papers can be singled out: Franičević and Bićanić (2007), Ivanković (2017) and Kotarski and Petak (2019). All of these selected papers emphasize the negative consequences of poor institutional quality in Croatia, focusing mainly on clientelism, and show its disastrous effects on economic growth.…”

Section: Comments Of Results With a Special Focus On Croatiamentioning

confidence: 99%

Institutions and the Efficiency of the European Union Product Market with an Emphasis on Croatia – Dynamic Panel Data Analysis

Dumančić¹,

Bogdan²,

Krištić³

2021

Zagreb International Review of Economics and Business

View full text Add to dashboard Cite

The positive relationship between product market efficiency (PME) and productivity has been established in the existing literature. An important component of productivity is the PME, which is significantly affected by the quality of institutions. Weaker quality of institutions, higher levels of corruption and lower efficiency of product markets have been confirmed in countries that share similar characteristics with Croatia. The results show a positive relationship between the quality of institutions and PME while the link between corruption control and PME is negative. Exports and taxes were also significantly correlated with PME. The text additionally comments on the direction of this connection. The link between PME, institutional quality and corruption is particularly commented on in the context of Croatia and Slovenia as these are two areas that share a common past of approximately 500 years. To improve the PME, a prerequisite for greater productivity and consequently economic growth, it is necessary to change the institutional framework.

show abstract

Croatia’s Post-communist Transition Experience: The Paradox of Initial Advantage Turning into a Middle-Income Trap

Cited by 10 publications

References 22 publications

The missing link between wages and labour productivity in tourism: evidence from Croatia and Slovenia

The missing link between wages and labour productivity in tourism: evidence from Croatia and Slovenia

Croatian co-operatives’ story of revival: Overcoming external obstacles

Institutions and the Efficiency of the European Union Product Market with an Emphasis on Croatia – Dynamic Panel Data Analysis

Contact Info

Product

Resources

About