TY - BOOK AU - Moore,David AU - Vamvakidis,Athanasios TI - Economic Growth in Croatia: Potential and Constraints T2 - IMF Working Papers; Working Paper SN - 145186762X : SN - 1018-5941 PY - 2007/// CY - Washington, D.C. PB - International Monetary Fund KW - Economic Reform KW - imf KW - Employment KW - GDP Growth KW - GDP per Capita KW - Potential Growth KW - Real GDP KW - Croatia N2 - This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia's potential growth rate at 4-4 1/2 percent, a result reasonably robust to different methodologies. To sustain growth at a higher rate in line with the authorities' aspirations, the analysis highlights the critical need to improve the business environment through further measures to reduce the administrative burden, legal uncertainties, and corruption. It also emphasizes the importance of attracting more greenfield foreign direct investment, and reforms to reduce the role of the state in the economy through fiscal consolidation and faster privatization UR - http://elibrary.imf.org/view/IMF001/08650-9781451867626/08650-9781451867626/08650-9781451867626.xml UR - http://www.imfbookstore.org/IMFORG/9781451867626 ER -