INTERNATIONAL ECONOMICS

One of the basic traits of modern national economies is their openness. Economic openness implies a free movement of goods, services, and money across countries.

Since the growth of small and open economies, such as the Croatian economy, is generally based on attracting direct foreign investments and exports of goods and services, the Institute of Economics, Zagreb engages within the research area of International Economics with research dealing with basic determinants of export competitiveness of economies.

Within this process, our researchers are interested in total national export competitiveness, export competitiveness of individual economic sectors and their main products, as well as determinants and the effect direct foreign investments have on economic and export activity of post-transition countries.

As a part of this research area, we also examine the determinants of national currency formation as well as the influence exchange rate movements have on economic activity and export competitiveness. Due to the fact that Croatia is a member state of the EU and is therefore obliged to adopt the euro, our research also tries to examine the economic justification of euro introduction and provide an analysis of the compliance of economic perquisites necessary for the introduction of a common currency.

Since Croatia simultaneously also belongs to the Western Balkan region, whose countries are not EU members but are extremely important for Croatia due to strong economic ties, the focus of the researches from the Institute of Economics, Zagreb is also placed on examining the various aspects of economic cooperation between the Western Balkan countries.
 

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WOS PAPERS (CC)

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  1. When the Going Gets Tough … the Effect of Economic Reform Programmes on National Well-Being Andrijić, Marijana and Tajana Barbić, 2021, Sustainability, paper published online October 19, 2021. DOI:https://doi.org/10.3390/su132011557
  2. History Matters: Life Satisfaction in Tansition Countries Recher, Vedran, 2021. Journal of happiness studies, paper published online July 21, 2021. DOI: 10.1007/s10902-021-00393-2
  3. The economic effects of political disintegration: Lessons from Serbia and Montenegro Monastiriotis, Vassilis i Ivan Zilic, 2020, European Journal of Political Economy, paper published online August 21, 2020., DOI: https://doi.org/10.1016/j.ejpoleco.2020.101938
  4. The Entrepreneurial Gains from Market Integration in the New EU Member States Stojčić, Nebojša, Ivan-Damir Anić and Tonći Svilokos, 2020, paper accepted for publishing in the journal Small Business Economics.
  5. The import content of Croatian economic sectors and final demand Mikulić, Davor and Željko Lovrinčević, 2019, Economic Research - Ekonomska istraživanja paper published online February 13 2019, DOI: https://doi.org/10.1080/1331677X.2018.1480967
  6. Sources of export growth and development of manufacturing industry: empirical evidence from Croatia Buturac, Goran, Davor Mikulić and Petra Palić, 2019, Economic Research- Ekonomska istraživanja, 32(1), pp. 101-127.
  7. Fiscal devaluation and real exchange rates in the euro area : some econometric insights Tkalec, Marina, Maruška Vizek and Goran Vukšić, 2019, Review of International Economics, 27(2), pp. 694-710.
  8. Export Competitiveness of the Croatian Food Industry Buturac,Goran, Željko Lovrinčević and Davor Mikulić, 2018, Argumenta Oeconomica, 41(2), pp. 135-155.
  9. Should the EMU Stop Enlarging? Broz, Tanja, 2018, Panoeconomicus, 65(4),  pp.  459-477. 
  10. Trade liberalization and export transformation in new EU member states Stojčić, Nebojša, Perica Vojinić and Zoran Aralica, 2018, Structural change and economic dynamics, published online August 27 2018, DOI: https://doi.org/10.1016/j.strueco.2018.08.004
  11. Composition of Trade Flows and the Effectiveness of Fiscal Devaluation Holzner, Mario, Marina Tkalec and Goran Vukšić, 2018, The World Economy, published online July 26 2018, DOI: https://doi.org/10.1111/twec.12700
  12. Trick or Treat? The effect of IMF Programmes on Mobilising FDI in CESEE Countries Andrijić, Marijana and Tajana Barbić, 2018, Czech Journal of Economics and Finance (Finance a úvĕr), 68(3), pp. 245-265.
  13. Fiscal devaluations: evidence using bilateral trade balance data Holzner, Mario, Marina Tkalec, Maruška Vizek and Goran Vukšić, 2018, Review of World Economics, 154(2), pp. 247-275.
  14. International competitiveness and restructuring of the Croatian food industry Buturac, Goran, Željko Lovrinčević and Davor Mikulić, 2017, Acta Oeconomica, 67 (3), pp. 435–462.
  15. Exploring CESEE-EMU synchronization patterns Botrić, Valerija and Tanja Broz, 2016, Amfiteatru Economic, 18 (42), pp. 255–268. 
  16. To what extent does Croatia really cooperate with SEE countries in the fields of foreign trade, direct investment and tourism? Broz, Tanja, Goran Buturac and Marina Tkalec, 2015, Ekonomska istraživanja (Economic Research), 28 (1), pp. 879–906. 
  17. Does international trade cause regional growth differentials in Croatia? Mikulić, Davor and Andrea Galić Nagyszombaty, 2015, Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu, 33 (1), pp. 81–102. 
  18. Export competitiveness of Croatian textile industry - CMS analysis and importance for economy Buturac, Goran, Željko Lovrinčević and Davor Mikulić, 2014, Tekstil ve Konfeksiyon, 24 (2), pp. 158–168. 
  19. Real estate boom and export performance bust in Croatia Tkalec, Marina and Maruška Vizek, 2014, Zbornik radova ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu, 32 (1), pp. 11–34. 
  20. Balance sheet effects and original sinners’ risk premiums Tkalec, Marina, Miroslav Verbič and Maruška Vizek, 2014, Economic Systems, 38 (4), pp. 597–613. 
  21. A new look into the prevalence of balance sheet or competitiveness effect of exchange rate depreciation in a highly euroised economy Tkalec, Marina and Miroslav Verbič, 2013, Post-Communist Economies, 25 (2), pp. 225–240. 
  22. From the impossible monetary trinity towards economic depression Zdunić, Stjepan, 2011, Zbornik radova Ekonomskog fakulteta u Rijeci: časopis za ekonomsku teoriju i praksu, 29 (2), pp. 395–422. 
  23. Introduction of the euro in CEE countries – is it economically justifiable? The Croatian case Broz, Tanja, 2010, Post-Communist Economies, 22 (4), pp. 427–447. 
  24. The economic effects of Croatia’s accession to the European Union Lejour, Arjan, Andrea Mervar and Gerard Verweij, 2009, Eastern European Economics, 47 (6), pp. 60–83. 
  25. Foreign direct investments in Croatia: regional perspective Škuflić, Lorena and Valerija Botrić, 2009, Ekonomska istraživanja (Economic Research), 22 (3), pp. 9–28. 
  26. Comparative advantages and export competitiveness of the Croatian manufacturing industry Buturac, Goran, 2008, Ekonomska istraživanja (Economic Research), 21 (2), pp. 47–59. 
  27. Analysis of the cohesive trade elements between the European Union and the SEEC-7 Škuflić, Lorena and Valerija Botrić, 2008, Eastern European Economics, 46 (1), pp. 6–23. 
  28. Foreign direct investment in Southeast European countries – the role of the service sector Škuflić, Lorena and Valerija Botrić, 2006, Eastern European Economics, 44 (5), pp. 72–90. 

Other papers

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  1. Digital transformation and economic cooperation: The case of Western Balkan countries Broz, Tanja, Goran Buturac i Milos Parezanin, 2020. ZBORNIK RADOVA EKONOMSKOG FAKULTETA U RIJECI-PROCEEDINGS OF RIJEKA FACULTY OF ECONOMICS, 38(2), pp. 697-722
  2. Open economy trilemma : European semester, balance-of-payments, exchange rate and Croatian economic growth Radošević, Dubravko and Stjepan Zdunić, 2018. Zagreb : Jesenski and Turk.
  3. Competitiveness, trade with the EU and labour markets: challenges for the Western Balkans Botrić, Valerija and Tanja Broz, 2016, South East European Journal of Economics and Business, 11 (1), pp. 20–32.
  4. Export of the Croatian food industry and effects on the economy: the case of Croatia Buturac, Goran and Maruška Vizek, 2015, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 66 (3), pp. 203–230. 
  5. Capital account management in Croatia and debt crisis in European monetary union: a reappraisal Radošević, Dubravko, 2012, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 63(3-4), pp. 127-161.
  6. Macroeconomic performance, trade and competitiveness of South-East European countries Buturac, Goran, Željko Lovrinčević and Davor Mikulić, 2011, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 62 (9–10), pp. 483–507. 
  7. Purchasing power parity in a transition country: the case of Croatia Tkalec, Marina and Maruška Vizek, 2011, Comparative Economic Studies, 53, pp. 223–238. 
  8. Capital account liberalization strategy of Croatia Radošević, Dubravko, 2010, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 61 (12), pp. 725-768.
  9. Long-run relationships between exports and imports in transition European countries Ahec Šonje, Amina, Boris Podobnik and Maruška Vizek, 2010, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 61 (1–2), pp. 1–18. 
  10. Foreign direct investment in the Western Balkans: privatization, institutional change, and banking sector dominance Botrić, Valerija, 2010, Economic Annals, 55 (187), pp. 7–30.
  11. The analysis of the competitiveness and structural characteristics of Croatian manufacturing Rašić Bakarić, Ivana and Maruška Vizek, 2010, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 61 (5–6), pp. 241–170.
  12. Structural characteristics of exports and imports of Croatian manufacturing Buturac, Goran, 2009, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 60 (9–10), pp. 432–457. 
  13. International trade of croatian chemical industry summary Buturac, Goran, 2009, Ekonomski vjesnik, 22(1), str. 93-102.
  14. Comparison of methodologies for measuring national competitiveness – competitive position of the Croatian economy Lovrinčević, Željko, Davor Mikulić and Edo Rajh, 2008, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 59 (11), pp. 603–645. 
  15. The effect of real exchange rate on Croatian bilateral trade balances Cota, Boris, Nataša Erjavec and Valerija Botrić, 2006, Ekonomska istraživanja (Economic Research), 19 (2), pp. 75–90.
  16. Horizontal and vertical specialization in the international merchandize trade: the case of Croatia and the Czech Republic Buturac, Goran, 2006, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 57(7-8), pp. 475-489.
  17. Perspectives of industrial production in Croatia and intra-industry trade Teodorović, Ivan and Goran Buturac, 2006,  Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 57 (11), pp. 705-728.
  18. Foreign capital inflow - the effects on national savings, domestic investments and balance of payments of countries in transition in Central and Eastern Europe Lovrinčević, Željko, Zdravko Marić and Davor Mikulić, 2005, Ekonomski pregled: mjesečnik Hrvatskog društva ekonomista Zagreb, 56(3-4), pp. 163-185.
  19. Foreign direct investment in the trade sector in Croatia Anić, Ivan-Damir and Radmila Jovančević, 2004, Naše gospodarstvo, 50 (1–2), pp. 59–68.
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