Template-type: ReDif-Paper 1.0 
Author-Name: Ziesemer, Thomas
Author-Email: t.ziesemer@maastrichtuniversity.nl
Author-workplace-name: UNU-MERIT, and SBE, Maastricht University
Title: Testing the growth links of emerging economies: Croatia in a growing world economy
Abstract: We estimate a dynamic simultaneous equation model for 16 variables of 
	 the Croatian economy in order to test the links of growth with 
	 education, R&D, trade, savings and FDI. In order to motivate the choice 
	 of variables we review the related theories of growth and look at the 
	 relevant data. Permanent shocks increasing the intercepts of the 
	 equations for education, R&D, trade, savings and FDI show that most of 
	 growth links work well in Croatia, but they also enhance foreign 
	 imbalances. Policies to balance the two aspects are briefly discussed.
Keywords: Growth, open economy, education, R&D, Croatia
Classification-JEL: F43, O11, O19, O41, O47
Series: UNU-MERIT Working Papers
Creation-Date: 20171211
Number: 2017-051
File-URL: https://unu-merit.nl/publications/wppdf/2017/wp2017-051.pdf
File-Format: application/pdf
File-Size: 275 kb
Handle: RePEc:unm:unumer:2017051