Have a personal or library account? Click to login
Is Cost Competitiveness a Sufficient Driving Force for Croatian Exports? Cover

Is Cost Competitiveness a Sufficient Driving Force for Croatian Exports?

Open Access
|Dec 2025

References

  1. Alhola, S. and Keränen, H. 2022. Dynamic effects of changes in cost competitiveness. Bank of Finland Research Discussion Paper 6/2022. https://talouspolitiikanarviointineuvosto.fi/wp-content/uploads/2022/01/Alhola-Keranen-2022.pdf (accessed July 7, 2025).
  2. Berman, N., Martin, P., and Mayer, T. 2012. How do different exporters react to exchange-rate changes? The Quarterly Journal of Economics 127 (1): 437–492.
  3. Bernard, A. B., Jensen, J. B., and Lawrence, R. Z. 1995. Exporters, jobs, and wages in US manufacturing: 1976–1987. Brookings Papers on Economic Activity. Microeconomics 1995: 67–119. https://www.brookings.edu/wp-content/uploads/1995/01/1995_bpeamicro_bernard.pdf (accessed July 7, 2025).
  4. Berthou, A. and Dhyne, E. 2018. Exchange-rate movements, firm-level exports and heterogeneity. NBB Working Paper 334. https://www.econstor.eu/bit-stream/10419/182211/1/wp334en.pdf (accessed July 7, 2025).
  5. Blundell, R. and Bond, S. 1998. Initial conditions and moment restrictions in dynamic panel-data models. Journal of Econometrics 87 (1): 115–143.
  6. Bogdan, Ž., Cota, B., and Rogić, L. 2015. Modeling the merchandise export function of the Republic of Croatia in recession conditions. Economic Review 66 (4): 321–357.
  7. Buckley, P. J., Pass, C. L., and Prescott, K. 1988. Measures of international competitiveness: A critical survey. Journal of Marketing Management 4 (2): 175–200.
  8. Carlin, W., Glyn, A., and Van Reenen, J. 2001. Export-market performance of OECD countries: An empirical examination of the role of cost competitiveness. The Economic Journal 111 (468): 128–162.
  9. Decramer, S., Fuss, C., and Konings, J. 2016. How do exporters react to changes in cost competitiveness?. The World Economy 39(10): 1558–1583. https://doi.org/10.1111/twec.12412
  10. Dekle, R., Jeong, H., and Ryoo, H. 2007. A microeconomic analysis of the aggregate disconnect between exchange rates and exports. University of Southern California, mimeo. https://www.researchgate.net/profile/Hyeok-Jeong-2/publication/265362227_A_Microeconomic_Analysis_of_the_Aggregate_Disconnect_between_Exchange_Rates_and_Exports/links/54eb3f050cf2082851bd60ab/A-Microeconomic-Analysis-of-the-Aggregate-Disconnect-between-Exchange-Rates-and-Exports.pdf (accessed July 7, 2025).
  11. Demian, V. and di Mauro, F. 2015. The exchange rate, asymmetric shocks and asymmetric distributions. Working Paper No 1801. https://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp1801.en.pdf (accessed July 7, 2025).
  12. Dvouletý, O. and Blažková, I. 2022. Relationship between firm total-factor productivity and performance: The case of the Czech high-tech industry. International Journal of Entrepreneurial Venturing 14(4–5): 391–412. DOI: 10.1504/IJEV.2022.10047629
  13. Ernst, U. 2004. Hidden sources of growth? Looking at micro-enterprises through the competitiveness lens: A review of evidence. USAID AMAP Microreport 7.
  14. Eurostat. 2024. External trade statistics. Accessed June 2024. https://ec.europa.eu/eurostat
  15. Garelli, S. 2006. Top class competitors: How nations, firms, and individuals succeed in the new world of competitiveness. Hoboken, NJ: John Wiley & Sons.
  16. Giordano, C. and Zollino, F. 2016. Shedding light on price-and non-price-competitiveness determinants of foreign trade in the four largest euro-area countries. Review of International Economics 24(3): 604–634. https://doi.org/10.1111/roie.12225
  17. Griliches, Z. and Mairesse, J. 1995. Production functions: The search for identification. NBER Working Paper Series. Working Paper 5067. https://www.nber.org/system/files/working_papers/w5067/w5067.pdf (accessed July 7, 2025).
  18. Kaldor, N. 1978. The effect of devaluations on trade in manufacturers. In Further essays on applied economics, 99–118. London: Duckworth.
  19. Keil, S. 2024. Competing for manufacturing value added: How strong is competitive-cost pressure on sectoral level? Structural Change and Economic Dynamics 69: 197–212.
  20. Kunovac, M. and Pufnik, A. 2015. Characteristics of the labor market and wage determination in Croatia: Results of the enterprise survey. Zagreb: Croatian National Bank. https://www.hnb.hr/documents/20182/265578/s-019/698287a8-c55f-406d-a110-a7d1ce0cf947 (accessed July 7, 2025).
  21. Melitz, M. J. 2003. The impact of trade on intra-industry reallocations and aggregate industry productivity. Econometrica 71 (6): 1695–1725.
  22. Melitz, M. J. and Ottaviano, G. I. 2008. Market size, trade, and productivity. The Review of Economic Studies 75 (1): 295–316.
  23. Orsini, K. and Perić, A. 2021. Understanding the Croatian export boom. European Commission Directorate-General for Economic and Financial Affairs Discussion Paper 065.
  24. Peltzman, S. 2000. Prices rise faster than they fall. Journal of Political Economy 108 (3): 466–502.
  25. Porter, M. E. 1985. Technology and competitive advantage. Journal of Business Strategy 5 (3): 60–78.
  26. Škuflić, L. 2000. The impact of globalization on the competitiveness of small transition economies. In Globalization processes and the competitiveness of small countries, 115–146. Pula: Faculty of Economics and Tourism Dr. Mijo Mirković, Juraj Dobrila University of Pula.
  27. Škuflić, L., Šokčević, S., and Bašić, M. 2024. Sustainable development and competitiveness: Is there a need for GCI reconstruction? Economics – Innovative and Economics Research Journal 12 (1): 154–174.
  28. Tkalec, M. and Vizek, M. 2009. The impact of macroeconomic policies on manufacturing production in Croatia. Economic Trends and Economic Policy 19 (121): 61–93.
  29. Valdec, M. and Zrnc, J. 2015. The direction of causality between exports and firm performance: Microeconomic evidence from Croatia using the matching approach. Financial Theory and Practice 39(1): 1–30.
  30. World Bank. 2024. World Bank Data. Accessed June 2024. https://data.worldbank.org/
Language: English
Page range: 16 - 33
Published on: Dec 31, 2025
Published by: University of Sarajevo
In partnership with: Paradigm Publishing Services
Publication frequency: 2 issues per year

© 2025 Filip Novinc, Lorena Škuflić, published by University of Sarajevo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.