Models Financing Regional Development of Eastern Croatia

Financiranje Razvoja i Restrukturiranja Gospodarstva, pp. 45-71, 2007

25 Pages Posted: 10 Sep 2008

See all articles by Branko Matic

Branko Matic

University of J.J. Strossmayer in Osijek - Faculty of Economics

Hrvoje Serdarusic

University of J.J. Strossmayer in Osijek - Faculty of Economics

Date Written: September 10, 2007

Abstract

The paper discusses the reasons for the low development level of Eastern Croatia, as well as possible ways of overcoming this situation. The revenues of local and regional self-government are frequently insufficient to finance development projects. Different characteristics of these fiscalities, such as permanent income and changes in managing this income can reduce the costs and result in more prudent and economical stewardship of local and regional authorities. This refers primarily to concentrating public resources in one commercial bank, which would establish a kind of partnership between the bank and the local community. The paper further examines the influence of ownership structure and bank's domicile on business policies of the banks operating in Eastern Croatia. The proposed changes together with new ways of financing, such as issuing securities, could generate new positive effects in financing regional development.

Note: Downloadable document is in German.

Keywords: regional development, financing, banks

JEL Classification: O18

Suggested Citation

Matic, Branko and Serdarusic, Hrvoje, Models Financing Regional Development of Eastern Croatia (September 10, 2007). Financiranje Razvoja i Restrukturiranja Gospodarstva, pp. 45-71, 2007, Available at SSRN: https://ssrn.com/abstract=1266138

Branko Matic (Contact Author)

University of J.J. Strossmayer in Osijek - Faculty of Economics ( email )

Gajev trg 7
Osijek, 31000
Croatia

HOME PAGE: http://www.efos.hr/nastavnici/bmatic/

Hrvoje Serdarusic

University of J.J. Strossmayer in Osijek - Faculty of Economics ( email )

Gajev trg 7
Osijek, 31000
Croatia

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