Relations Among Government Revenues and Gross Domestic Product (GDP) of the Republic Of Croatia

Alen Belullo and Tina Dužman

Economic Research-Ekonomska Istraživanja, 2011, vol. 24, issue 4, 143-152

Abstract: AbstractThe aim of this paper is to analyse the relations between the gross domestic product (GDP) and budget revenues of the Republic of Croatia in the period from the first quarter of 2000 to the first quarter of 2010.Vector autoregressive model is used for the analysis. The interdependence between selected macroeconomic values was examined using cointegration analysis, which has proved that there is statistically significant, long-run stable relationship between the GDP and budget revenues.Granger Causality Test has proved that GDP in the Granger sense has a significant impact on changes in state revenues.

Date: 2011
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DOI: 10.1080/1331677X.2011.11517488

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