Pregled bibliografske jedinice broj: 138719
A production function explanation of Croatia economic growth 1966-1990
A production function explanation of Croatia economic growth 1966-1990 // Transition in Central and Eastern Europe : Challenges of 21st Century : proceedings / Čićić, Muris ; Brkić, Nenad (ur.).
Sarajevo: Ekonomski fakultet Sveučilišta u Zagrebu, 2002. str. 671-679 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
A production function explanation of Croatia economic growth 1966-1990
Autori
Šergo, Zdravko ; Tomčić, Zdenko
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Transition in Central and Eastern Europe : Challenges of 21st Century : proceedings
/ Čićić, Muris ; Brkić, Nenad - Sarajevo : Ekonomski fakultet Sveučilišta u Zagrebu, 2002, 671-679
Skup
Transition in Central and Eastern Europe : Challenges of 21st Century
Mjesto i datum
,
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
Cobb-Douglas production function; elasticity of substitution; technical change
Sažetak
This paper provides a attempt at an explanation of Croatia economic growth along the lines proposed by the neo-classical growth theory. Production function estimates for gross domestic product are provided using Cobb-Douglas. A econometric testing is employed to investigate the long-run property of the estimated equation, and functional form is estimated using a constant of technical progress, and under the assumption of constant returns to scale. The result shows an elasticity of output with respect to labour and capital of about - 0.21 and 0.71 respectively.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
