The Impacts of the Global Recession on Southeast European Countries

Buturac, Goran; Teodorović, Ivan

doi:10.2753/eee0012-8775500105

Cited by 10 publications

(6 citation statements)

References 4 publications

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“…market. The global economic crisis that started in the middle of 2008 had negative consequences on the Croatian economy (Buturac, Teodorovi c, 2012). The first to be hit by the crisis were the traditional export sectors: the textile industry, the leather and shoe industry, as well as wood and furniture manufacturing.…”

Section: Trade Performance Of Croatian Manufacturing: Basic Indicatormentioning

confidence: 99%

Sources of export growth and development of manufacturing industry: empirical evidence from Croatia

Buturac

Mikulić

Palić

2019

Economic Research-Ekonomska Istraživanja

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The article quantifies the sources of manufacturing export growth in Croatia. The research objectives are achieved by applying the constant market share method (C.M.S.) and input-output model. While the C.M.S. method quantifies the factors which explain trends in manufacturing exports, the input-output method quantifies the impacts of manufacturing exports on other domestic sectors. The obtained results show that after the E.U. accession export performance of the Croatian manufacturing industry have substantially improved. The results indicate that a gain in competitiveness in the Croatian manufacturing industry was the most important factor which determined the increasing share of national companies in a period from 2013 to 2015. Besides the manufacturing industry, export growth indirectly contributes to better performance of all domestic producers included in the value added chain of exporters. Indirect effects are the most pronounced for agriculture, trade, transport and business services.

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Section: Trade Performance Of Croatian Manufacturing: Basic Indicatormentioning

confidence: 99%

Sources of export growth and development of manufacturing industry: empirical evidence from Croatia

Buturac

Mikulić

Palić

2019

Economic Research-Ekonomska Istraživanja

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“…The impact of the recession on HRM in the South-East European region Buturac and Teodrovic (2012) have argued that the recent recession had a negative impact on the SEE region's economic growth and that SMEs have not been able to bounce back to their pre-crisis level in terms of their Gross Value Added (GVA: depreciation, rewards to labour, capital and entrepreneurial risk) or employment (Wymen et al, 2012). What is also known is that the SEE region has significantly been affected by processes of transition, globalization and liberalization over the past two decades (Cooke et al, 2011;Szamosi et al, 2010).…”

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confidence: 99%

Rewarding employees in turbulent economies for improved organisational performance

Prouska

Psychogios

Rexhepi³

2016

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Structured AbstractPurpose: This study explores the application of total reward practices in small and mediumsized enterprises (SMEs) in the South-Eastern European (SEE) region and the reward elements positively affecting organisational performance.Design/Methodology/Approach: The sample consists of 199 SMEs operating in SEE countries which are either under economic crisis or transition: Greece, Bulgaria, Romania, Albania, Kosovo and the Former Yugoslav Republic of Macedonia (FYROM).Findings: SMEs in the SEE region are implementing a total rewards model which is characterised by a weaker application of individual aspects and by a stronger application of transactional, relational and communal aspects. Within the communal aspects of the model, our study found three elements of the work environment that positively affect organisational performance; work-life balance, employee involvement voice mechanisms, and organisational culture supporting personal and professional development. Practical implications:Our study contributes to HR practice; we found that a better work environment is positively related to improved organisational performance in these SMEs. This means that in times of economic crisis or transition when HR budgets are limited such non-financial strategies can be a viable alternative to costly financial rewards to such organisations. Originality/value:The study contributes to both theory and HR practice by shedding light on how employee rewards are affected in economies under crisis and transition, how SMEs can motivate their employees when faced with significant financial limitations, as well as explores which reward elements can lead to enhanced organisational performance in such organisations.

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“…Globalna je gospodarska kriza, koja se pojavila sredinom 2008. godine, donijela pad potražnje na inozemnim tržištima (Buturac i Teodorovi , 2012). Izvozni sektori u Hrvatskoj bivaju prvi na udaru krize i primorani su smanjivati proizvodnju.…”

Section: Stope Promjena Realnog Bdp-a I Stopa Nezaposlenostiunclassified

Gospodarski rast, konvergencija i članstvo u EU

Buturac

2019

Ekon. pregl. (Online)

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Cilj je ovoga rada dobiti nove spoznaje o gospodarskom rastu i realnoj konvergenciji Republike Hrvatske prema zemljama Europske unije. Uz regresijsku analizu, u istraživanju su korišteni pokazatelji međunarodne trgovine. Proces makroekonomske konvergencije testiran je primjenom Theil-ovog indeksa. Istraživanje je provedeno za sljedeće varijable: BDP po stanovniku, nominalne bruto plaće, stopa nezaposlenosti i javni dug. Dobiveni rezultati su potvrdili različit smjer i dinamiku kretanja među pojedinim varijablama, ali i tijekom promatranog razdoblja. Do 2008. godine potvrđuje se proces konvergencije, i to u varijablama: BDP po stanovniku, nominalne bruto plaće, i stopa nezaposlenosti. Nakon 2008. godine, zapaža se proces divergencije, tj. povećavanje gospodarskog jaza Hrvatske u odnosu na nove članice EU-28. To se naročito ogleda u smjeru i dinamici kretanja BDP-a po stanovniku. Analiza konvergencije u području izvozne konkurentnosti i trgovinske specijalizacije pokazuje zaostajanje Hrvatske u izvoznoj konkurentnosti u odnosu na nove članice EU. Mjereno izvozom roba po stanovniku, Hrvatska realizira i do nekoliko puta manji izvoz nego Češka, Slovačka, Slovenija, Estonija i Mađarska. Definiranje i realizacija novog modela ekonomskog rasta utemeljenog na rastu investicijske potrošnje i izvoza tehnološki složenijih proizvoda preduvjet je realizacije snažnijeg gospodarskog rasta, dugoročne stabilnosti i održivosti javnih financija i ostvarenja ekonomije blagostanja.

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The Impacts of the Global Recession on Southeast European Countries

Cited by 10 publications

References 4 publications

Sources of export growth and development of manufacturing industry: empirical evidence from Croatia

Sources of export growth and development of manufacturing industry: empirical evidence from Croatia

Rewarding employees in turbulent economies for improved organisational performance

Gospodarski rast, konvergencija i članstvo u EU

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