Drawing on a representative sample of firms, this paper presents some microeconomic evidence on the productivity growth process in Croatia since the onset of recession (2008-12). Four types of results are highlighted. First, there is a persistent (and increasing) heterogeneity in the performance...

Croatia's economic and social development achievements in the last decade have been impressive; the country closed its income gap with the European Union and now has some of the best social development indicators in the region. However, growing current account deficits, in the context of...