Smart specialization in Croatia : inputs from trade, innovation, and productivity analysis

Aprahamian,Arabela Sena [editor]; Correa,Paulo Guilherme [editor]

Smart specialization in Croatia : inputs from trade, innovation, and productivity analysis (English)

Abstract

The report examines recent trends in Croatia's in trade, productivity, innovation performance and policy governance framework, to help identify priorities for the development of the country's Smart Specialization Strategy, which is an ex-ante conditionality... See More + The report examines recent trends in Croatia's in trade, productivity, innovation performance and policy governance framework, to help identify priorities for the development of the country's Smart Specialization Strategy, which is an ex-ante conditionality for access to the EU's Structural and Investment Funds over the 2014-20 programming period. Between 2003 and 2008, Croatia’s rapid growth was fueled by rising domestic consumption, growing deficits, an increased dependence on international finance. Such growth is unlikely to resume in the near future, imposing social and economic costs. In this context, exports are critically important for Croatia’s development and employment generation. However, the country’s trade performance has been lackluster since the financial crisis. Export openness is lower than in countries with similar income levels, and the country’s per capita GDP has stagnated. Low export diversification, weak competitiveness, and reduced technological sophistication help to explain stagnant exports. The fundamental problem is the failure to renew and transform the manufacturing base, which is linked to low rates of firm entry and exit. Another marker of a sluggish economy is the inadequate level of business research and development (R&D) expenditure by Croatian enterprises and the weak governance framework for research and innovation, which is impairing the impact of R&D spending. In this context, Smart Specialization in Croatia aims to provide insights to the country’s smart specialization strategy (RIS3) by looking at the main constraints and opportunities that it faces in its economic progress along three interrelated dimensions: trade, firm productivity, and R&D. The report also includes four case studies to illustrate potential RIS3 approaches to spur research and innovation specialization at the regional level. The report’s ultimate objective is to help develop a strategy that fosters productivity growth, job creation, and a more diversified export structure. See Less -

Author Aprahamian, Arabela Sena [editor]; Correa, Paulo Guilherme [editor];
Document Date 2015/06/10 11:37:00
Document Type Publication
Report Number 97477
Volume No 1
Total Volume(s) 1
Country Croatia;
Region Europe and Central Asia;
Disclosure Date 2015/06/17 11:29:35
Disclosure Status Disclosed
Doc Name Smart specialization in Croatia : inputs from trade, innovation, and productivity analysis
Keywords
Research and Innovation;comparative advantage;small and medium enterprise;monitoring and evaluation system;information and communication technology;monitoring and evaluation ... See More +
Language English
Topics Private Sector Development; Trade; Research, Development and Innovation; Climate Change Adaptation; Entrepreneurship;
Historic Topics International Economics and Trade;
Historic SubTopics Adaptation to Climate Change; Private Sector Economics; Labor Markets; Private Sector Development Law; International Trade and Trade Rules; Marketing;
Unit Owning ECR Transition Unit (ECRTU)
Originating Unit Trade & Compet - GP - IBRD (GTCDR)
Series Name Directions in development ; countries and regions
ISBN 978-1-4648-0458-8
Digital Object Identifier 10.1596/978-1-4648-0458-8
Version Type Final

Documents & Reports

Smart specialization in Croatia : inputs from trade, innovation, and productivity analysis (English)

Details

Downloads

Complete Report in English

Citation

Documents & Reports

Smart specialization in Croatia : inputs from trade, innovation, and productivity analysis (English)

Details

Downloads

Complete Report in English

Citation

SUBSCRIBE TO EMAIL ALERTS