Naslov
Human Capital in Growth Accounting: The Case of Croatia

Autori
Raguž, Irena ; Družić, Ivo ; Tica, Josip

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Journal of International Scientific Publications: Educational Alternatives, Volume 9 / Kyukanov, Igor ; Giurgiu, Mircea - Carlton : Info Invest Ltd, 2011, 185-198

Skup
Annual International Conference Education, Research & Development

Mjesto i datum
Sunčana obala, Bugarska, 09.09.2011. - 13.09.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
economic growth; human capital; growth accounting; transition

Sažetak
In this paper we investigate relative importance of growth factors in Croatia during 1968-2008. Growth accounting methodology is employed in order to estimate relative importance of human capital on growth rates of Croatia. This work stems from previous estimates of initial capital levels, pre-transition GDP per capita and two estimates of human capital in Croatia. The analysis is interesting on two fronts: first, it investigates relative importance of human capital ; second, it allows us to compare relative importance of accumulation of production factors and total factor productivity (TFP) growth before and after transition. Our results suggest that human and physical capital were dominant and equally important during the entire period, with negative contribution of TFP before 1990 and increased role of TFP and human capital after the 1997.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA