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A roadmap of actions aiming at ensuring furniture industry production growth

Panel analysis

Bibliographic Data

ID15067285
AuthorsGordan Družić (Croatian Academy of Sciences and Arts), Martina Basarac Sertić (0000-0003-4182-8405, Croatian Academy of Sciences and Arts, corresponding author)
Year2015
Volume28
Issue1
Pages572-582
Publication date2015-01-01
Open AccessYes
TypeARTICLE
VenueEconomic Research-Ekonomska Istraživanja (JOURNAL)
Journal identifiersISSN: 1331-677X • E-ISSN: 1848-9664
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/1331677x.2015.1083458
OpenAlexW1854818314
LanguageEN
Citations received1
References cited11

This paper investigates European Commission necessary conditions for competitive industry in the context of furniture manufacturing. Namely, in the Industrial Strategy of the Republic of Croatia 2014–2020, the manufacture of furniture was assigned a strategic role. However, Croatia continues to underperform in comparison with the European Union member states in terms of return to pre-crisis levels. Accordingly, using the system of generalised method of moments estimators in two steps with robust standard errors, the panel model was estimated. Econometric analysis indicates that a better access to markets, higher investment, and stable macroeconomic environment are significant conditions for achieving production growth. Moreover, the results suggest that a furniture manufacturing sector would profit from lower energy prices

Business · Economics · European commission · European union · Industrial organization · International trade · Macroeconomics · Manufacturing · Microeconomics · Politics · Energy, Environment, Economic Growth · Global Trade and Competitiveness · Global trade and economics · Marketing

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Citations per year0.11
Citation span2017 - 2017 (1)
Highly citedNo

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