News

Differing Characteristics or Differing Rewards: What Is Behind the Gender Wage Gap in Croatia

In the fourth issue of EIZ Working Papers, Danijel Nestić estimates the size of, changes in, and main factors contributing to gender-based wage differentials in Croatia. The paper utilises microdata from the Labour Force Survey in 1998 and 2005, and applies both OLS and quantile regression techniques to assess the gender wage gap across the wage distribution. The gender wage gap is found to be relatively mild at the lower part of the wage distribution and is getting larger as one moves towards the top of the...

Croatian Economic Outlook Quarterly (July, 2007)

Here are the highlights from July, 2007 (No. 31) issue: Recent developments: - Impressive - 7 percent - output growth in the first quarter of 2007. - Personal consumption accelerated strongly. - Investments picked up. - Foreign trade sluggish at the year’s start. - Robust industrial output expansion; strong retail sales; weakening construction activity. - Employment increases; unemployment declines. - Wage growth gathers speed. - Signs of credit activity deceleration emerge. - Low inflation continues. - Fiscal position...

Modelling Inflation in Croatia

In the third issue of EIZ Working Papers, Maruška Vizek and Tanja Broz construct a quarterly inflation model for Croatia. In order to model inflation dynamics they use the general-to-specific approach. The advantage of this approach is its ability to deliver results based on underlying economic theories of inflation, which are also consistent with the properties of the data. A two step procedure is followed. In the first step, the long-run sectoral analysis of inflation sources is conducted, yielding long-run...

Congratulations to our colleague Gorana Roje!

Master thesis of our colleague Gorana Roje "The impact of accounting basis' appliance on financial management in public sector» (defended at The Faculty of Economics and Business, University of Zagreb, in July, 2006) has been awarded by the Croatian association of accountants and financial professions in Zagreb.Croatian association of accountants and financial professions, in cooperation with several Croatian faculties and other institutions for higher education, consigns awards for selected master and doctoral theses in...

Croatian Economic Outlook Quarterly (April, 2007)

Here are the highlights from April, 2007 (no. 30) issue: Recent developments - Solid 2006 economic performance likely to extend through this year. - Last year’s GDP growth mostly driven by a steep investment increase. - Personal consumption accelerated modestly. - Government consumption closed 2006 on a strong increase. - Buoyant exports at the end of 2006; current account deficit widened. - Industrial output and retail sales on a steady climb. - Employment revival and modest recovery in real wage growth. - No sign of...