An Economic Evaluation of the Croatian Transition Policy Mix
(2007)Department of Economics
- Abstract
- The Croatian transition from socialist to market economy is the focus of this essay. The purpose is to evaluate the macroeconomic impact of the reform program with special attention to the design and to the constraints that may have limited the reformability of the Croatian economy. This is done by briefly considering the initial conditions of the Croatian transition, where the war (1991-1995) is the issue affecting the transition the most. The reform program of Croatia in terms of Systemic reform, Stabilization Policy and Trade and Exchange Rate Policy is outlined and the implementation analyzed. The macroeconomic evaluation of the reform program considers the variables GDP growth, trade, fiscal deficit and inflation and finds positive... (More)
- The Croatian transition from socialist to market economy is the focus of this essay. The purpose is to evaluate the macroeconomic impact of the reform program with special attention to the design and to the constraints that may have limited the reformability of the Croatian economy. This is done by briefly considering the initial conditions of the Croatian transition, where the war (1991-1995) is the issue affecting the transition the most. The reform program of Croatia in terms of Systemic reform, Stabilization Policy and Trade and Exchange Rate Policy is outlined and the implementation analyzed. The macroeconomic evaluation of the reform program considers the variables GDP growth, trade, fiscal deficit and inflation and finds positive results except regarding GDP growth and export performance. The export performance of Croatia has been weak and GDP growth dropped considerably during the war and the recovery has been slower than expected. The design of the reform program was according to theory and implemented in a successful way. Constraints limiting the reformability of the economy were the war
both in terms of creating uncertainty in the economy and the tense political situation it brought about that resulted in a state of semi- isolation throughout the 1990s. This is a probable explanation of the problems found in the evaluation and has clearly affected the
outcome of the transition of Croatia. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1334577
- author
- Zigante, Valentina
- supervisor
- organization
- year
- 2007
- type
- M2 - Bachelor Degree
- subject
- keywords
- transition, evaluation, Croatia, reform program, constraints, macroeconomic impact, Economics, econometrics, economic theory, economic systems, economic policy, Nationalekonomi, ekonometri, ekonomisk teori, ekonomiska system, ekonomisk politik
- language
- English
- id
- 1334577
- date added to LUP
- 2007-02-16 00:00:00
- date last changed
- 2010-08-03 10:49:41
@misc{1334577,
abstract = {{The Croatian transition from socialist to market economy is the focus of this essay. The purpose is to evaluate the macroeconomic impact of the reform program with special attention to the design and to the constraints that may have limited the reformability of the Croatian economy. This is done by briefly considering the initial conditions of the Croatian transition, where the war (1991-1995) is the issue affecting the transition the most. The reform program of Croatia in terms of Systemic reform, Stabilization Policy and Trade and Exchange Rate Policy is outlined and the implementation analyzed. The macroeconomic evaluation of the reform program considers the variables GDP growth, trade, fiscal deficit and inflation and finds positive results except regarding GDP growth and export performance. The export performance of Croatia has been weak and GDP growth dropped considerably during the war and the recovery has been slower than expected. The design of the reform program was according to theory and implemented in a successful way. Constraints limiting the reformability of the economy were the war
both in terms of creating uncertainty in the economy and the tense political situation it brought about that resulted in a state of semi- isolation throughout the 1990s. This is a probable explanation of the problems found in the evaluation and has clearly affected the
outcome of the transition of Croatia.}},
author = {{Zigante, Valentina}},
language = {{eng}},
note = {{Student Paper}},
title = {{An Economic Evaluation of the Croatian Transition Policy Mix}},
year = {{2007}},
}