Naslov
CAUSALITY OF THE DETERMINANTS OF GDP GROWTH RATE TRENDS AND THE LABOUR MARKET SITUATION IN THE REPUBLIC OF CROATIA

Autori
Akmačić, Marko ; Rudančić, Andreja

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

Izvornik
9th INTERNATIONAL SCIENTIFIC SYMPOSIUM REGION, ENTREPRENEURSHIP, DEVELOPMENT / Šimić-Leko, M. - Osijek : Ekonomski fakultet Sveučilišta Josipa Jurja Strossmayera u Osijeku, 2020, 798-811

Skup
9th International Scientific Symposium Region, Entrepreneurship, Development 2020 (RED 2020)

Mjesto i datum
Osijek, Hrvatska, 04.06.2020. - 05.06.2020

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
GDP, economic growth, labour market, Republic of Croatia

Sažetak
The Republic of Croatia belongs to a group of transition countries with specificities arising from the separation from the former community, warfare, international isolation, and transition of the political and economic system. All these events affected economy growth, i.e. its GDP measurement. The transition to a market economy has led to an expected drop in employment which, consequently, has not been eliminated by the expected activities of private entrepreneurship. On the other hand, there was stagnation mainly due to the inertness of government administration, i.e. the lack of reforms that would accelerate the transition to a market economy. From a realistic point of view, employment is an important component of every society ; it ensures social peace, citizen satisfaction, prevents social tensions and unrest, and influences GDP growth rate. It is desirable for each country to have as much employment as possible and as little unemployment as possible. The basic precondition of social and economic development of the Republic of Croatia is its population, constituting a demographic framework for social division of labour. This paper analyses the causality of GDP determinants and employment rate as factors influencing further development of the economy in the Republic of Croatia. The initial basis of the paper is the following hypothesis: there is a relatively strong link between economic growth and labour market situation. These aggregates will be observed through their dynamics of time and structure movements, and comparative analysis and inferential statistics will prove or refute correlations between individual variables. In terms of proving that there is a connection, the following coefficients such as Pearson coefficient (nominal comparison of variables), Kendall's τ and Sperman ρ (ordinal comparison of variables) are analysed for the calculation using statistical software IBM SPSS Statistics 24.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA