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CALL FOR PAPERS - Croatian Economic Survey

for the 2010 issue of Croatian Economic Survey on the subject "Welfare and Well-Being in Post-Socialist Europe" The 2010 issue of Croatian Economic Survey will be devoted to the subject of "Welfare and Well-Being in Post-Socialist Europe". The notion of welfare is usually identified with the level of income, while the concept of well-being captures additional aspects of the quality of life (such as health, education, job satisfaction, quality of social services and public goods, political freedoms, social...

Croatian Economic Outlook Quarterly (July, 2009)

Highlights from the July, 2009 (No. 39) issue: Recent developments: - First quarter results indicate a slide into deeper recession - GDP dropped by 6.7 percent yoy. - Personal consumption dives. - Investments sink. - Government consumption rises further. - Current account deficit narrows as a result of a sharp drop in imports. - Real sector activity experiences severe downturn; tourist overnight stays decrease. - Sharp increase in the unemployment rate. - Average wage growth slower but still positive. - Deceleration...

Cyclically Adjusted Budget Balance: The Case of Croatia

In this issue of the EIZ Working Papers series, Sandra Švaljek, Maruška Vizek and Andrea Mervar estimate the size of cyclically adjusted budget balance in the case of Croatia for the period 1995:1q-2008:3q. Thereby, the ECB methodology is implemented and it is assumed that cyclically sensitive budget elements include income tax, profit tax, VAT, excise duties, social security contributions and unemployment benefits. The elasticities of cyclically sensitive budget components, with respect to their macroeconomic bases,...

Croatian Economic Outlook Quarterly (April, 2009)

Highlights from the April, 2009 (No. 38) issue: Recent developments: - Croatian economy has entered recession. - GDP dropped by 0.4 percent in the fourth quarter 2008. - Personal consumption has contracted stronger than previously expected. - Investments in fixed capital still resist recession. - Government consumption not yet affected. - Severe decline in foreign trade; imports hit more than exports. - Industrial production and retail trade volume retain steep downward trends. - Rising unemployment. - Average...

Croatian Economic Outlook Quarterly (January, 2009)

Highlights from the January, 2009 (No. 37) issue: Recent developments: - Croatian economy is sliding down into recession. - Unexpectedly weak third quarter 2008. - GDP fell 0.5 quarter-on-quarter. - Investments fell back. - Government consumption still resilient. - Exports weaken; trade and current account deficit continue to rise. - Industrial activity and retail sales volume on a decline. - Employment still holding up; real wage growth vanishes. - Pronounced deceleration of monetary and credit aggregates...