prikaz prve stranice dokumenta Calculating Croatia´s GDP- adjusted Big Mac Index
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undergraduate thesis
Calculating Croatia´s GDP- adjusted Big Mac Index
2020. urn:nbn:hr:192:669716
Dumančić, Ea
University of Rijeka
Faculty of Economics and Business

Cite this document

Dumančić, E. (2020). Calculating Croatia´s GDP- adjusted Big Mac Index (Undergraduate thesis). Rijeka: University of Rijeka, Faculty of Economics and Business. Retrieved from https://urn.nsk.hr/urn:nbn:hr:192:669716

Dumančić, Ea. "Calculating Croatia´s GDP- adjusted Big Mac Index." Undergraduate thesis, University of Rijeka, Faculty of Economics and Business, 2020. https://urn.nsk.hr/urn:nbn:hr:192:669716

Dumančić, Ea. "Calculating Croatia´s GDP- adjusted Big Mac Index." Undergraduate thesis, University of Rijeka, Faculty of Economics and Business, 2020. https://urn.nsk.hr/urn:nbn:hr:192:669716

Dumančić, E. (2020). 'Calculating Croatia´s GDP- adjusted Big Mac Index', Undergraduate thesis, University of Rijeka, Faculty of Economics and Business, accessed 21 April 2024, https://urn.nsk.hr/urn:nbn:hr:192:669716

Dumančić E. Calculating Croatia´s GDP- adjusted Big Mac Index [Undergraduate thesis]. Rijeka: University of Rijeka, Faculty of Economics and Business; 2020 [cited 2024 April 21] Available at: https://urn.nsk.hr/urn:nbn:hr:192:669716

E. Dumančić, "Calculating Croatia´s GDP- adjusted Big Mac Index", Undergraduate thesis, University of Rijeka, Faculty of Economics and Business, Rijeka, 2020. Available at: https://urn.nsk.hr/urn:nbn:hr:192:669716

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Metadata
TitleCalculating Croatia´s GDP- adjusted Big Mac Index
Title (croatian)Izračun Big Mac indeksa korigiranog za GDP: slučaj Hrvatske
AuthorEa Dumančić
MentorVinko Zaninović (mentor)
GranterUniversity of Rijeka
Faculty of Economics and Business
Rijeka
Defense date and country2020-09-15, Croatia
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Economics
Abstract
Found in every international economy textbook, the Big Mac Index is widely known as a ‘light-hearted’ guide to understanding the Purchasing Power Parity theory. Published by The Economist in 1986 it wasn’t until 2011 that the magazine took into account differences in productivity between countries and constructed its GDP-adjusted Big Mac Index. Built on the Penn Effect, adjusted Big Mac Index acknowledges the role each country’s price levels play in forming Big Mac prices. The process of calculating the adjusted BMI involves a lot more data and steps than its ‘raw’ BMI counterpart, and The Economist has done it on 49 countries so far. The purpose of this thesis is to provide theoretical background behind the Big Mac Index, the original and the adjusted version, and to calculate GDP-adjusted BMI for Croatia. The results place Croatian’s national currency as either under- or overvalued relative to the index of other currencies, as well as consistently undervalued against euro and US dollar.
Abstract (croatian)
Big Mac Indeks se danas smatra neizostavnim dijelom svakog udžbenika o međunarodnoj ekonomiji, a popularnost je stekao kao jednostavan vizualan prikaz pariteta kupovne moći. Prvi put je izdan 1986. godine u The Economist časopisu, a 2011. godine je nadograđen s verzijom indeksa korigiranu za BDP. Potrebu za korekcijom je potaknulo zapažanje o povezanosti razina cijena u državi i njenog BDP per capita, u literaturi poznato kao Penn efekt, stoga noviji indeks povezuje utjecaj BDP-a pojedine države na cijenu Big Mac hamburgera. Izračun korigiranog indeksa zahtijeva više podataka i koraka naspram tradicionalnog te se rezultati trenutno mogu pronaći za samo 49 država. Cilj ovog rada je dati uvid u teoriju koja gradi Big Mac Indeks, od zakona jedne cijene do pariteta kupovne moći, te izračunati korigiranu verziju Indeksa za Hrvatsku. Dobiveni rezultati pokazuju da je Hrvatska nacionalna valuta konstantno podcijenjena naspram eura i američkog dolara.
Keywords
Keywords (croatian)
Languageenglish
URN:NBNurn:nbn:hr:192:669716
Study programmeTitle: Business economics; specializations in: International Business (held in English)
Course: International Business (held in English)
Study programme type: university
Study level: undergraduate
Academic / professional title: sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije (sveučilišni/a prvostupnik/prvostupnica (baccalaureus/baccalaurea) ekonomije)
Type of resourceText
File originBorn digital
Access conditionsClosed access
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Created on2021-02-10 13:15:18