Improving the business environment to accelerate convergence in Croatia:
Raising productivity growth is central to closing the gap with the incomes and well-being enjoyed in many OECD countries. Croatia has internationally competitive firms, and a dynamic economy with many young and potentially productive firms. However, overall performance has been limited by the presen...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2023
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| Schriftenreihe: | OECD Economics Department Working Papers
no.1783 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Raising productivity growth is central to closing the gap with the incomes and well-being enjoyed in many OECD countries. Croatia has internationally competitive firms, and a dynamic economy with many young and potentially productive firms. However, overall performance has been limited by the presence of many less productive firms and more productive firms that often fail to grow. This likely reflects a business environment that weakens competitive pressures and makes investments more costly and risky. Reducing the burdens of lengthy and unpredictable regulatory procedures, resolving legal disputes faster with a more efficient judicial system, and improving public sector integrity, will be key for boosting productivity growth. Developing public equity markets and expanding R&D support would improve access to finance for young and innovative firms. State-owned enterprises play a comparatively large role in Croatia's economy but tend to underperform financially and in delivering goods and services. Improving their governance, by strengthening the state's oversight and governance arrangements, can improve outcomes. This Working Paper relates to the 2023 OECD Economic Survey of Croatia. |
| Beschreibung: | 1 Online-Ressource (43 p.) 21 x 28cm. |
| DOI: | 10.1787/3c89c005-en |
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| spelling | Leidecker, Timo VerfasserIn aut Improving the business environment to accelerate convergence in Croatia Timo, Leidecker and Tim, Bulman Paris OECD Publishing 2023 1 Online-Ressource (43 p.) 21 x 28cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1783 Raising productivity growth is central to closing the gap with the incomes and well-being enjoyed in many OECD countries. Croatia has internationally competitive firms, and a dynamic economy with many young and potentially productive firms. However, overall performance has been limited by the presence of many less productive firms and more productive firms that often fail to grow. This likely reflects a business environment that weakens competitive pressures and makes investments more costly and risky. Reducing the burdens of lengthy and unpredictable regulatory procedures, resolving legal disputes faster with a more efficient judicial system, and improving public sector integrity, will be key for boosting productivity growth. Developing public equity markets and expanding R&D support would improve access to finance for young and innovative firms. State-owned enterprises play a comparatively large role in Croatia's economy but tend to underperform financially and in delivering goods and services. Improving their governance, by strengthening the state's oversight and governance arrangements, can improve outcomes. This Working Paper relates to the 2023 OECD Economic Survey of Croatia. Economics Bulman, Tim MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/3c89c005-en Volltext |
| spellingShingle | Leidecker, Timo Improving the business environment to accelerate convergence in Croatia Economics |
| title | Improving the business environment to accelerate convergence in Croatia |
| title_auth | Improving the business environment to accelerate convergence in Croatia |
| title_exact_search | Improving the business environment to accelerate convergence in Croatia |
| title_full | Improving the business environment to accelerate convergence in Croatia Timo, Leidecker and Tim, Bulman |
| title_fullStr | Improving the business environment to accelerate convergence in Croatia Timo, Leidecker and Tim, Bulman |
| title_full_unstemmed | Improving the business environment to accelerate convergence in Croatia Timo, Leidecker and Tim, Bulman |
| title_short | Improving the business environment to accelerate convergence in Croatia |
| title_sort | improving the business environment to accelerate convergence in croatia |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/3c89c005-en |
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