The primary goal of this project was to show the key elements and trends in the activities of Wüstenrot stambena štedionica d.d. and analyse costs and benefits from the perspective of the state budget of the Republic of Croatia. With this purpose in mind, we assessed economic (rise of GDP) and fiscal effects (increase of budget revenues) of its activities through the following channels:
- direct - through business activities of Wüstenrot stambena štedionica
- indirect - through activities of the construction sector generated by loans from the building society and savings without loans and
- induced channels - by spending a part of their income, the employees of Wüstenrot stambena štedionica and employees in the construction sector who earned their income indirectly through business activities of this building society, which includes spending money on goods and services in the broader sense, e.g. by inciting business activities of industries taking part in the manufacturing chain prior to construction activities. Due to their complexity, those effects are estimated by the multiplicative method.
Taking into account all of the factors above, the project offered the final evaluation of the effect of Wüstenrot stambena štedionica d.d. on economic and fiscal flows, primarily from the state's perspective, which eventually led to certain conclusions.
The project is available in the repository of the Institute of Public Finance.