In Croatia, the record of national income is rather poor in the nineteenth century as well as in the twentieth century. Therefore the goal of this paper is to estimate GDP per capita in Croatia during 1910-1989. The methodology is based on ‘backcasting’ technique that has resulted in ten...

In this paper hypothesis of relation between unemployment and the rate of change in prices is tested in Croatia with data spanning from 1962 to 2004. Empirical test is designed with a goal of testing the original Phillips curve developed by A. W. Phillips and adaptive expectation augmented...

The goal of this paper is to empirically and theoretically analyze real exchange rate movements in transition countries. Since the beginning of the transition process, continuous real exchange rate appreciation has become stylized fact of all transitional economies. Most of the mainstream models...