The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments

The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments

This paper presents the results of selected empirical research on the euro's effect on trade, foreign direct investment, and tourism by giving a brief analytical overview of the developments in individual euro area countries, particularly newer member states and tourist destinations. Based on t...

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Main Authors: Maja Bukovšak, Andrijana Ćudina, Nina Pavić
Format: Article
Language:English
Published: The Institute of Economics, Zagreb 2018-01-01
Series:Privredna Kretanja i Ekonomska Politika
Subjects:
euro
trade in goods
tourism
foreign direct investment
Croatia
Online Access:http://hrcak.srce.hr/file/305817
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spelling doaj-effe926eba174494a4e8cbc121e498e52020-11-24T22:39:24ZengThe Institute of Economics, ZagrebPrivredna Kretanja i Ekonomska Politika1330-187X1847-78602018-01-01271 (142)95128The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct InvestmentsMaja Bukovšak0Andrijana Ćudina1Nina Pavić2Croatian National BankCroatian National BankCroatian National BankThis paper presents the results of selected empirical research on the euro's effect on trade, foreign direct investment, and tourism by giving a brief analytical overview of the developments in individual euro area countries, particularly newer member states and tourist destinations. Based on that, and taking into account Croatia's close ties to the euro area, we estimate that the introduction of the euro, due to lower transaction costs, easier price comparison, and currency risk reduction, might provide a small boost to Croatian trade in goods and services, particularly in tourism, and encourage foreign investment.http://hrcak.srce.hr/file/305817eurotrade in goodstourismforeign direct investmentCroatia
collection DOAJ
language English
format Article
sources DOAJ
author Maja Bukovšak
Andrijana Ćudina
Nina Pavić
spellingShingle Maja Bukovšak
Andrijana Ćudina
Nina Pavić
The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments
Privredna Kretanja i Ekonomska Politika
euro
trade in goods
tourism
foreign direct investment
Croatia
author_facet Maja Bukovšak
Andrijana Ćudina
Nina Pavić
author_sort Maja Bukovšak
title The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments
title_short The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments
title_full The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments
title_fullStr The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments
title_full_unstemmed The Effects of the Euro Adoption in Croatia on International Trade and Foreign Direct Investments
title_sort effects of the euro adoption in croatia on international trade and foreign direct investments
publisher The Institute of Economics, Zagreb
series Privredna Kretanja i Ekonomska Politika
issn 1330-187X
1847-7860
publishDate 2018-01-01
description This paper presents the results of selected empirical research on the euro's effect on trade, foreign direct investment, and tourism by giving a brief analytical overview of the developments in individual euro area countries, particularly newer member states and tourist destinations. Based on that, and taking into account Croatia's close ties to the euro area, we estimate that the introduction of the euro, due to lower transaction costs, easier price comparison, and currency risk reduction, might provide a small boost to Croatian trade in goods and services, particularly in tourism, and encourage foreign investment.
topic euro
trade in goods
tourism
foreign direct investment
Croatia
url http://hrcak.srce.hr/file/305817
work_keys_str_mv AT majabukovsak theeffectsoftheeuroadoptionincroatiaoninternationaltradeandforeigndirectinvestments
AT andrijanacudina theeffectsoftheeuroadoptionincroatiaoninternationaltradeandforeigndirectinvestments
AT ninapavic theeffectsoftheeuroadoptionincroatiaoninternationaltradeandforeigndirectinvestments
AT majabukovsak effectsoftheeuroadoptionincroatiaoninternationaltradeandforeigndirectinvestments
AT andrijanacudina effectsoftheeuroadoptionincroatiaoninternationaltradeandforeigndirectinvestments
AT ninapavic effectsoftheeuroadoptionincroatiaoninternationaltradeandforeigndirectinvestments
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