Djula Borozan's research while affiliated with University of Osijek and other places

Publications (41)

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Croatia has lagged in terms of productivity behind most of its European peers. A continuous care about it is a necessary precondition for a country to develop its competitive advantages and growth in economic terms. However, productivity should be simultaneously environmentally sensitive to have a favorable effect on the environment and lead to sus...
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Given the underrepresentation of the information on the size and composition of personal carbon footprints, this paper explores the relationship between the students’ socio-demographic characteristics such as education, gender, age, and place of residence or income level related to their carbon footprint. In addition, the paper also addresses the e...
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This paper empirically evaluates the impact of environment stringency policy, business regulations, policy and economic uncertainty, and real GDP per capita on foreign direct investment (FDI) inflows by employing the autoregressive distributed lag approach and using data from 2000 to 2015. Specifically, we focus on two groups of countries with diff...
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Although institutions are recognized as an important factor for achieving economic growth and improving environmental quality, little is known about their effect on environmentally adjusted efficiency, which is critical for both. Employing a two-stage double bootstrap data envelopment analysis, the paper firstly estimates the bias-corrected environ...
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Despite considerable research attention given to the environmental Kuznets curve (EKC), little has been known about its true form and particularly the mechanisms that explain it. Using panel quantile regression, this paper designs a multivariate framework for exploring the EKC in the European Union in the period 2004–2017 and unveils the distributi...
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Assuming that economic policy uncertainty (EPU) can significantly affect economic activities, the paper explored the nature of its effect on energy consumption in G7 countries (Canada, France, Germany, Italy, Japan, the UK, and the USA) over the period 1997–2019 using a panel nonlinear autoregressive distributed lag model. The presence of an asymme...
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Recent turbulent developments in the world oil market have increased the volatility of oil prices and rekindled interest in studying their impact on macroeconomic activity. Using the vector autoregression framework, this paper investigates the impact of oil price shocks, expressed in linear, asymmetric and nonlinear form, on real gross domestic pro...
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For an industry to succeed in a competitive market, it should continuously take care of not only its stakeholders but also its technical efficiency and productivity. In this paper, data envelopment analysis was combined with Malmquist productivity analysis to investigate the pattern of multifactor productivity changes in the European energy industr...
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Global competition and climate change are changing the nature of economic activity and impose the urgent need to have environmentally sensitive productivity growth. The paper addresses both desirable and undesirable output to assess technical efficiency and productivity changes, as well as evaluate the importance of an energy input in the productio...
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Economic growth is considered to be an essential means for poverty alleviation and improving countries' well‐being. Disturbances and instability in the banking sector may jeopardize financial stability and generate adverse, considerable and long‐lasting consequences therefor. This study analyzed the dynamic and causal effects of various indicators...
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In order to achieve the European Union energy objectives, namely cutting down greenhouse gas emissions, increasing energy consumption from renewables, and improving overall energy efficiency, the energy sector needs to be competitive, reliable, and keep track of changes in the world energy market. Particularly in the last decade, this sector has be...
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The paper explores the impact of early stage and established entrepreneurs on industrial energy consumption across European countries for the period 2001–2017. It proposes that industrial energy consumption is a complex multifaceted result of value-added activities conducted by different types of entrepreneurs and the quality of macroeconomic and e...
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The European energy industry has undergone major transformations over the last twenty years. To grow under new and changing business conditions, it has to reformulate its business strategy and redesign its business model taking into account technical efficiency. The main aim of this paper is to explore technical efficiency and its determinants in t...
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The paper investigates the effect of energy taxes in the European Union (EU) across different levels of residential final energy consumption (RFEC) in the period 2005–2016. The analysis is based on quantile panel regression models that directly and indirectly consider energy taxes. More precisely, the developed models provide a multivariate framewo...
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The present paper aims at decomposing the rates of changes in final energy consumption in the European Union (EU) into the European, sectoral and competitive effect in the period 1998–2015. To that end, it uses dynamic shift-share analysis. The results indicate the importance of all three effects. The European effect was most responsible for the ch...
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Using energy efficiently has become top priority concern which requires an adequate policy reaction bearing in mind both energy conservation and efforts to combat adverse climate changes. The paper explored the total-factor energy efficiency and change trends in technical efficiency in the Croatian counties during the period 2001–2013. Employing da...
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To achieve the energy targets, energy policy of the European Union (EU) is trying to discourage residential electricity consumption employing different measures but without worsening the quality of life and jeopardizing its economic growth and development at the same time. This paper aims to directly and indirectly explore the effects of energy tax...
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Starting from the assumption that household energy use is manifold and intertwined, shaped by many factors which overlap not only at the individual level, but also at a higher level of scales, the paper developed a more integrated approach to its determinants. To assess them and also to find out whether there is a difference between regional-level...
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This paper considers energy as a basic resource which together with capital and labor contributes to output creation. It aims to explore whether European Union (EU) regions use these production factors in an efficient way as well as to assess the impact of various environmental variables on technical and energy efficiency. To that end, a two-stage...
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Purpose The purpose of this paper is to explore the developments in final electricity consumption, estimate the portions of changes that can be attributed to national, sectoral or regional factors, and to investigate determinants of the regional component (RC) in Croatia at the subnational level in the period 2001-2013. Design/methodology/approac...
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The paper develops net entrepreneurial productivity (NEP) as a complex latent construct of second order composed of productive, unproductive and destructive entrepreneurial activity. Its parameters were estimated using the partial least squares structural equation modeling method in the selected 15 developed and 7 post-transition economies for the...
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Using the panel unit tests with and without structural break(s), the convergence hypothesis in relative per capita electricity consumption series is tested across Croatian regions during the period 2001–2013. The results are mixed, depending primarily on the consumption sector considered and the test applied. They indicate the necessity to conduct...
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To estimate all of the potential costs and benefits of a project and then to facilitate a selection of the best alternative, cost-benefit analysis may be used. However, there are some major issues related thereto, one of the most important ones being an estimation of shadow prices. Namely, if there are market distortions, the observed market prices...
Conference Paper
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The paper aims to explore the relationship between relative per capita household electricity consumption and social capital variables in 21 Croatian NUTS-3 regions in order to gain a deeper understanding of social influences on electricity consumption behavior of the household sector. Thereby, social capital is defined as a multidimensional constru...
Conference Paper
Evaluating the socio-economic justification of the construction of large infrastructure facilities is often difficult primarily due to the existence of numerous non-measurable external costs and benefits. The aim of this paper is to demonstrate their quantification using an expert opinion approach in the case of a combined cycle heat and power (CHP...
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To unveil the challenges the European energy industry faces, this paper looks at the financial performance of energy companies that are different in terms of the energy generation mix in the period 2011–2013. Furthermore, the paper aims to draw general conclusions on how the share of conventional power plants in the companies’ generation mix has af...
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By using partial least squares path modeling, this paper develops a complex index of social capital, selects Croatia as the case for testing and validating the index, and investigates the regional distribution of social capital. The social capital index is defined as a complex hierarchical structured construct of third-order with social trust, part...
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In order to achieve the cost-optimal level, from the social point of view, the state/government seeks to internalize the external costs, considering that it would be an incentive for investors to behave more responsibly to the environment and society as a whole. Specifically, more technologically advanced power plants significantly reduce emissions...
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The article aims to explore internal migration flows, test for economic convergence, and assess the effects of internal migration (net and gross) on convergence and growth in terms of a neoclassical model in Croatia in the period 2000 to 2011. Croatia is a country with significant and persistent regional economic disparities, migration, and turbule...
Conference Paper
To unveil the challenges the European energy industry faces, this paper looks at the financial performance of three energy companies that are similar considering their size in terms of employment or installed capacity, but different in terms of the energy generation mix in the period 2011-2013. The financial performance analysis derived from the co...
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This article explores the entrepreneurial profiles of Croatian entrepreneurs and compares them with the profiles of entrepreneurs of post-socialist and developed European countries. Specifically, logistic regression analysis was used to find the best descriptors of the opportunity and necessity-driven entrepreneurs in Croatia, post-socialist and de...
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This paper estimates the value of lost load (VoLL) for eleven new EU member countries in period 2004-2012 using a production function approach. The estimate is focused on the industrial sector. The main finding indicates that the VoLLs, also known as the value of security of electricity supply, vary significantly over time and across countries. The...
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The main purpose of this paper is to explore the relationship between total energy consumption and real gross domestic product (GDP) covering the period between 1992 and 2010 in Croatia. The methodology employed in this paper is based on the bivariate vector autoregression (VAR) and Granger causality tests. Moreover, the impulse response function a...
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Men and women participate in international migration almost equally, yet theoretical and empirical researches have been concentrated much more on factors influencing men’s decision to migrate. As men and women have different roles in the society and economy in general, the same holds true for the migration process. Gender has shown to be important...
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The main aim of this paper is to analyse the motives affecting the migration decisions of young people, particularly university students. Two scales were developed for measuring the perception of the importance of these motives. The data used in the research were collected via a survey of the opinions and attitudes of university students in Osijek,...
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This article explores the pass-through of different monetary policy channels to inflation in Croatia between January 1998 and December 2009. Using a four-step procedure: unit root test, co-integration test, Granger causality and innovation accounting techniques, we find that (i) interest rates, credits and the nominal exchange rate do not Granger-c...
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Although there is no generally accepted theory of regional competitiveness, competitiveness (regional or urban) has become very popular subject of interest among scholars, business and policy authorities, where the latter are especially interesting in formulating regional policy aimed at boosting it (from the both demand and supply side). The main...
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There is growing understanding that entrepreneurship is a fruitful strategic development option for local economic development, especially in the rural areas. This strategy being also known as homegrown development refers to a process of supporting and encouraging people to become entrepreneurs in order to enhance the economic prosperity of a commu...
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Exports attract special attention in the economic literature and practice due to its contribution to the stability and long term development of any economy, particularly small one as Croatian economy. Also, its role is additionally augmented in the contemporary context of increasing global competition. The multifold contributions of exports are par...

Citations

... The final two papers aim at finding tools to reduce carbon emissions in specific countries and for specific sectors. Zhu and Lin [13] evaluate the impact of a carbon tax levied in China's mining industry to promote energy reforms and environmental improvements in traditional industries, while Borozan and Pekanov Starcevic [14] analyze the productivity gains in the European energy industry in light of the climate objectives. ...
... It is necessary to understand the association between environmental degradation and the economy in a country, so based on the information on its energy transition path, more adequate policy mitigation initiatives can be created [33]. Therefore, to gain better insight into counties' location of their transition trajectories, the theory of the environmental Kuznets curve (EKC) is used. ...
... Geometrically the results of measuring the level of relative technical efficiency from the use of available resources (inputs) to produce several products or services (outputs) can be seen clearly in positions that are on the frontier line or not. In this case, the boundary is an efficiency benchmark (Ben Mabrouk et al., 2022) (Borozan, 2021). If the measurement results are on the boundary line then it is said to be efficient and if it is not at the boundary it is said to be inefficient. ...
... Insurance inclusion has been underscored as a key driver towards economic growth and development in developed and developing economies (Bayar et al. 2021;Zulfiqar et al. 2020). As such, insurance serves as a risk management tool for societies by protecting people's lives and mitigating untimely loss of income and property (Lin et al. 2019;Cheston et al. 2018). ...
... However, recent studies have shown that the European energy industry faces efficiency problems. Barros and Peypoch [2] and Borozan and Pekanov Starcevic [3] found evidence that energy companies in the EU do not operate at the efficiency frontier, which requires efficiency improvements and necessitates significant changes and structural transformations of the energy system. Transformation is critical to achieving the Paris Agreement targets [4] and the 2050 climate neutrality target set out in the European Green Deal [5], which aims to promote economic growth through the use of green technologies and to support the transition to a low-carbon economy. ...
... However, if the producer shifts the tax burden to the consumer, such tax will be a revenue-generating policy. In addition, studies remain inconclusive about the use of energy tax to promote green innovation and less energy consumption [73,74]. In contrast, several studies reported no effect of environmental taxation on emissions [75,76]. ...
... On the other hand, Vasconcelos et al. (2018) analyze cattle production in the Rio Grande do Sul (Brazil), using SSA. In addition, Borozan (2018) Blanco et al. (2021) showed in their paper important differences, at a regional level, in the production and employment of renewable energy. Kurek et al. (2021) analyze the impact of geothermal energy on rural and suburban areas, comparing changes in the structure of municipal employment, in 2005 and 2018. ...
... The EKC hypothesis has been widely analysed, being frequent the study of CO 2 emissions and their relationship with GDP or GDP per capita (Jalil and Mahmud SN Bus Econ (2022) 2009; Fujii and Managi 2013;Bilgili et al. 2016). In the context of the European countries, there exists also different works such as the work by Acaravci and Ozturk (2010) centred around CO2 emissions and energy consumption, the work by Bölük and Mert (2014) in which they analyse fossil and renewable energy, as well as GHGs emissions, the work by Arbulú et al. (2015) centred around the solid waste from the touristic sector, the work by Ahmed et al. (2016) in which they study biomass energy and its relationship with technological progress, or the works by López-Menéndez et al. (2014); Pablo-Romero and Sánchez-Braza (2017); Borozan (2018), which analyse energetic indicators. However, indicators having a lot of repercussion in the last years, such as plastic and chemical indicators, have not been analysed, nor there have been carried out studies disaggregating by sectors of economic activity. ...
... Such variables were incorporated into the CADM as objective restrictions and assumed behavioral regulation, categorized under situational stimuli as they represent (perceptions of) the context in which the behavior happens. These situational mechanisms are likely to circumvent energy-saving goals, as they can restrict the willingness of a householder to enforce these goals (Borozan, 2018;Chao, 2016;Van der Heijden, 2017). In addition to intention, conceptual, and situational procedures, the CADM often integrates repetitive processes into the model. ...