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Macroeconomic aspects of Croatia's accession to the European Union


Mihaljek, Dubravko


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Weitere Angaben:
Körperschaftlicher Herausgeber Institute of Public Finance, Zagreb; Friedrich-Ebert-Stiftung Kroatien
Abstract This paper analyses the main macroeconomic conditions for joining the EU and the European Monetary Union (EMU), the readiness of the Croatian economy to meet these conditions, and the main challenges for economic policy on the road to these integrations. Croatia does not lag significantly behind the other CEE countries in fulfilling the criteria for EU and EMU membership. It has certain advantages with respect to the criteria of macroeconomic stability (with the exception of the budget deficit), investment efficiency, and potential growth. However, delays in the implementation of some structural reforms, in particular the development of a securities market, are estimated at about four years. The main challenges for economic policy in the run-up to EU and EMU are expected to be reducing the budget deficit and stabilising the public debt. Moreover, macroeconomic policies should remain prudent so as to strengthen external stability and maintain favourable conditions for growth.
Thesaurusschlagwörter Croatia; economy; Central Europe; EU expansion; transformation; monetary union; EEMU; economic growth; stability; economic reform; market economy; transition; inflation
Klassifikation Europapolitik; Wirtschaftspolitik
Methode anwendungsorientiert; empirisch
Freie Schlagwörter Croatian economy; Central European economies; enlargement of the EU; convergence to the EMU; economic growth; external stability; budget deficit; public debt
Titel Sammelwerk, Herausgeber- oder Konferenzband Croatian accession to the European Union. Vol. 1, Economic and legal challenges
Herausgeber Ott, Katarina
Sprache Dokument Englisch
Publikationsjahr 2003
Erscheinungsort Zagreb
Seitenangabe S. 25-65
ISBN 953-6047-30-6
Status Veröffentlichungsversion; begutachtet
Lizenz Creative Commons - Namensnennung, Nicht kommerz., Keine Bearbeitung