Exchange Rate Pass-Through into Import Prices of Croatia

Safet  Kurtović; Sabina Šehić - Kršlak; Blerim  Halili; Nehat Maxhuni

Safet Kurtović
Sabina Šehić - Kršlak
Blerim Halili
Nehat Maxhuni

Ključne besede: devizni tečaj, industrijski sektorji, uvozne cene, pristop ARDL

Povzetek

Ključni cilj tega članka je testirati kratkoročni in dolgoročni vpliv makro dejavnikov in stopnjo učinka prehajanja deviznega tečaja (ERPT) v agregatne in neagregatne uvozne cene industrijskih sektorjev. Študija temelji na modelu Campe in Goldberga (2002) ter Campe in drugih (2005). Učinek prehajanja deviznega tečaja smo določili z uporabo ene enačbe in kointegracijskega pristopa (ARDL), vektorske razčlenitve ter podatkov iz obdobja od 2002Q1 do 2016Q4. Dolgoročno je ERPT popoln za agregatni uvoz in industrijski sektor pijač in tobaka. Kratkoročno je ERPT nepopoln za agregatni uvoz in večino industrijskih sektorjev. Nadalje smo ugotovili, da je stopnja ERPT-ja višja pri heterogenih proizvodih kot pri homogenih proizvodih. Zaradi nedostopnosti podatkov za mikro dejavnike nismo mogli določiti njihovega učinka na uvozne cene. Rezultati naše raziskave lahko pripomorejo k oblikovanju primernih ukrepov ekonomskih politik, ki bodo izboljšali konkurenčnost gospodarstva. Nazadnje je članek identificiral vpliv stopnje volatilnosti ERPT-ja na neagregatne uvozne cene industrijskih sektorjev, ki do zdaj še ni bil zadosti raziskan.

Prenosi

Biografije avtorja

Safet Kurtović

University of Travnik, Faculty of Management and Business Economics, Bosna in Hercegovina
E-pošta: safetkurtovic71@yahoo.com

Safet Kurtović received his Ph.D. in economics from the University of Belgrade in 2002. He is a professor at the Faculty of Management and Business Economics, University of Travnik. He started his professional career at the Faculty of Economics in Mostar, the University of Džemal Bijedić. His research focus is on international economics, international business, international trade, and applied economy. He has published over 80 scientific papers in leading journals and 11 books and over a dozen studies and research projects.

Sabina Šehić - Kršlak

University of Travnik, Faculty of Management and Business Economics, Bosna in Hercegovina
E-pošta: sabina.sehic.krslak@fmpe.edu.ba

Ph.D., Sabina Sehić - Kršlak is employed as an assistant professor at the Faculty of Management and Business Economics at the University of Travnik in the scientific field of management and organization and management of small and medium enterprises. She earned her Ph.D. thesis at the Faculty of Economics, University of Banja Luka, in September 2014. In the period from 2010–2014, she worked as a senior assistant at the Faculty of Economics of the University Džemal Bijedić Mostar. From 2008–2010, as an assistant at the University Džemal Bijedić, the Faculty of Business Management. Published 19 scientific research papers and six international scientific–technical conference of chosen scientific field. She published a book entitled Entrepreneurship and Small Business, in publishing the Economic Faculty of Mostar in 2016.

Blerim Halili

University „Union - Nikola Tesla", Faculty of Engineering Management, Srbija
E-pošta: blerimhalili547@yahoo.com

Blerim Halili received his Ph.D. in economics from Alfa University in 2009. He is an associate professor at the Faculty of Engineering Management, University “Union - Nikola Tesla.” His research interests include theoretical economics, macroeconomics, and international finance. He has published over 30 scientific papers in leading journals and five books and over a dozen studies and research projects.

Nehat Maxhuni

University „Union - Nikola Tesla", Faculty of Engineering Management, Srbija
E-pošta: nehati504@yahoo.com

Nehat Maxhuni received his Ph.D. in economics from Alfa University in 2012. He is an associate professor at the Faculty of Engineering Management, University “Union - Nikola Tesla.” He research interests include accounting and finance. He has published over 40 scientific papers in leading journals and seven books and over a dozen studies and research projects.

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