Croatian industrial policy in the context of deindustrialisation

Marija Penava and Marko Družić

Economic Research-Ekonomska Istraživanja, 2015, vol. 28, issue 1, 843-852

Abstract: The lack of structural changes and rapid deindustrialisation are the main reasons behind Croatia’s failure in achieving its industrial potential. One of the aims of this article is to show that the process of deindustrialisation that occurred in Croatia is characterised by factors different that those in developed countries. This is shown using econometric analysis. In our opinion those differences should be taken into account when considering new industrial strategies after 2008. Furthermore we explore if, in light of this specificity, the proposed Croatian industrial strategy is a suitable answer to modern economic challenges. After a detailed analysis and review of the industrial strategy, we offer potential solutions.

Date: 2015
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DOI: 10.1080/1331677X.2015.1087328

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