This paper deals with econometric analysis of real
retail trade turnover. It is a part of an extensive scientific research
about modern trends in Croatian national economy. At the end of the
period of transition economy, Croatia confronts with challenges and
problems of high consumption society. In such environment as
crucial economic variables: real retail trade turnover, average
monthly real wages and household loans are chosen for consequence
analysis. For the purpose of complete procedure of multiple
econometric analysis data base adjustment has been provided.
Namely, it has been necessary to deflate original national statistics
data of retail trade turnover using consumer price indices, as well as
provide process of seasonally adjustment of its contemporary
behavior. In model establishment it has been necessary to involve the
overcoming procedure for the autocorrelation and colinearity
problems. Moreover, for case of time-series shift a specific
appropriate econometric instrument has been applied. It would be
emphasize that the whole methodology procedure is based on the real
Croatian national economy time-series.
[1] R. Harris, and R. Sollis, Applied Time Series Modelling and
Forecasting, John Wiley & Sons Ltd, Chichester, 2003.
[2] W. Enders, Applied Econometric Time Series, John Wiley & Sons Inc,
New York, 2004.
[3] K. Gattin-Turkalj, I. Ljubaj, A. Martinis, and M. Mrkalj, "Estimating
Credit Demand in Croatia", Croatian National Bank Working paper,
2007, pp. 1-32.
[4] K. Bacic, T. Broz, G. Buturac, I. Radeljak, S. Slijepcevic, D. Smilaj,
"Pozitivna gospodarska kretanja", Economic Trends and Econimc
Policy, Vol. 16, No. 109, 2007, pp. 7-26.
[5] G. Kiss-Marton, and V. Nagy-Balazs, "Credit Growth in Central and
Eastern Europe: Convergence or Boom?", MNB Workin paper, 2006, pp.
1-34.
[6] E. Kraft, "Household Lending in Croatia: A comparative Perspective",
12th Dubrovnik Economic Conference, Dubrovnik, 2006.
[7] E. Kraft, "Kreditna ekspanzija u zemljama regiona", Bilten Fonda za
razvoj ekonomske nauke, No. 4, 2006, pp. 65-86.
[8] D. Mihaljek, "Rapid growth of bank credit in Central and Eastern
Europe: the role of housing markets and foreign-owned banks", 12th
Dubrovnik Economic Conference, Dubrovnik, 2006.
[9] Croatian Central Bureau of Statistics, Statistical Yearbook, 2007.
[10] V. Leko, and A. Stojanovic, "Sector and Purpose Structure of Bank
Loans", The Proceedings of Zagreb Faculty of Economics and Business,
No. 4, 2006, pp. 239-262.
[11] EViews 5 User's Guide, Quantitative Micro Software, 2004.
[1] R. Harris, and R. Sollis, Applied Time Series Modelling and
Forecasting, John Wiley & Sons Ltd, Chichester, 2003.
[2] W. Enders, Applied Econometric Time Series, John Wiley & Sons Inc,
New York, 2004.
[3] K. Gattin-Turkalj, I. Ljubaj, A. Martinis, and M. Mrkalj, "Estimating
Credit Demand in Croatia", Croatian National Bank Working paper,
2007, pp. 1-32.
[4] K. Bacic, T. Broz, G. Buturac, I. Radeljak, S. Slijepcevic, D. Smilaj,
"Pozitivna gospodarska kretanja", Economic Trends and Econimc
Policy, Vol. 16, No. 109, 2007, pp. 7-26.
[5] G. Kiss-Marton, and V. Nagy-Balazs, "Credit Growth in Central and
Eastern Europe: Convergence or Boom?", MNB Workin paper, 2006, pp.
1-34.
[6] E. Kraft, "Household Lending in Croatia: A comparative Perspective",
12th Dubrovnik Economic Conference, Dubrovnik, 2006.
[7] E. Kraft, "Kreditna ekspanzija u zemljama regiona", Bilten Fonda za
razvoj ekonomske nauke, No. 4, 2006, pp. 65-86.
[8] D. Mihaljek, "Rapid growth of bank credit in Central and Eastern
Europe: the role of housing markets and foreign-owned banks", 12th
Dubrovnik Economic Conference, Dubrovnik, 2006.
[9] Croatian Central Bureau of Statistics, Statistical Yearbook, 2007.
[10] V. Leko, and A. Stojanovic, "Sector and Purpose Structure of Bank
Loans", The Proceedings of Zagreb Faculty of Economics and Business,
No. 4, 2006, pp. 239-262.
[11] EViews 5 User's Guide, Quantitative Micro Software, 2004.
@article{"International Journal of Business, Human and Social Sciences:62650", author = "J. Arneric and E. Jurun and L. Kordic", title = "Empirical Study of Real Retail Trade Turnover", abstract = "This paper deals with econometric analysis of real
retail trade turnover. It is a part of an extensive scientific research
about modern trends in Croatian national economy. At the end of the
period of transition economy, Croatia confronts with challenges and
problems of high consumption society. In such environment as
crucial economic variables: real retail trade turnover, average
monthly real wages and household loans are chosen for consequence
analysis. For the purpose of complete procedure of multiple
econometric analysis data base adjustment has been provided.
Namely, it has been necessary to deflate original national statistics
data of retail trade turnover using consumer price indices, as well as
provide process of seasonally adjustment of its contemporary
behavior. In model establishment it has been necessary to involve the
overcoming procedure for the autocorrelation and colinearity
problems. Moreover, for case of time-series shift a specific
appropriate econometric instrument has been applied. It would be
emphasize that the whole methodology procedure is based on the real
Croatian national economy time-series.", keywords = "Consumption society, multiple econometric model,
real retail trade turnover, second order autocorrelation.", volume = "3", number = "1", pages = "129-5", }