Analysis of economic trends as a base for Croatian energy strategy (CRO2050)

Commissioned by: Energy Institute Hrvoje Požar
Project duration: May 9, 2018 – October 31, 2018
Project manager: Željko Lovrinčević
Collaborator: Davor Mikulić

Summary:

The aim of this project was development of GDP long-term projections for the Republic of Croatia until 2050. Projections were performed at the level of NUTS II regions and sectors. Projections were done for different time periods in a couple of variants depending on the assumptions deployed. We developed several different scenarios. Personal consumption and disposable income of household sector were also projected. Starting point for projections were demographic trends and projections. Methodology deployed for GDP projections was the European Commission methodology. It was based on the Cobb-Douglas type production function depending on different assumptions deployment regarding productivity and demography. Projections were done separately for Adriatic and Continental Croatia.

The project results were used as input for the development of the Croatian energy strategy.