The Effects Of Chosen Governmental Financial
Policy Measures Aimed At Croatian Islands’
Economic Sustainability Enhancement With
Special Stress On Tourism
Author(s)
M. Krneta & S. Pivčević
Abstract
In line with the normative frame, the majority of Croatian islands are accounted
as areas with unfavourable business/economic environments. The pronounced
depopulation is viewed as a result of the inexistence of an economic base
necessary for keeping the population on islands. Sustainable development,
however, presumes not only environmental and socio-cultural sustainability but
an economic one as well. Economic sustainability, viewed from a business
operations perspective, calls for using resources in a way that enables the
business to function over a number of years, while consistently returning a profit.
On a state, regional and local level, numerous measures of economic
development stimulation for island economies have been introduced so far. They
are, to a large extent, aimed at financial support of island-based business
subjects. Such policy comes from the assumption that the island business
environment is more hostile compared to that of the mainland and consequently
the access to financial sources unfavourable. The main goal of this article is to
analyze the effects of some governmental economic policy measures aimed at
island economy stimulation dominantly through the non refundable forms of
financial assistance and credit lines with favourable/stimulating conditions. The
results are valuable in determining which economic activities have been the
objects of entrepreneurial interest on Croatian islands as well as for revealing the
effects of these policy measures. As such, it creates a valuable base for possible
Keywords
economic sustainability, Croatian islands, government, financial policy measures, tourism
Related Book
Other papers in this volume
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