Dependence of Transportation on Industry in Croatia

Davor Mance, Borna Debelić and Alen Jugović
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Davor Mance: Faculty of Economics, University of Rijeka, 51000 Rijeka, Croatia
Borna Debelić: Faculty of Maritime Studies, University of Rijeka, 51000 Rijeka, Croatia
Alen Jugović: Faculty of Maritime Studies, University of Rijeka, 51000 Rijeka, Croatia

Economies, 2021, vol. 9, issue 2, 1-11

Abstract: The transportation sector is the lifeblood of an economy. It is divided into three principal categories, i.e., modes of transportation: air, land, and water. This paper analyzes the post-financial crisis value added data for the Croatian economy (2008–2015) by analyzing the dependence of three categories of the transportation sector on the cumulative of all other sectors, and on the manufacturing sector in particular. The value added of the three categories of the transportation sector is progressively dependent on the value added of the cumulative industry. This may be due to the progressive dependence of the gross national product on transport because of specialization and division of labor resulting in economies of density due to network and agglomeration effects.

Keywords: transportation sector; industry; panel analysis; Croatia (search for similar items in EconPapers)
JEL-codes: E F I J O Q (search for similar items in EconPapers)
Date: 2021
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