Naslov
On The Causality Between GDP And Health Care And Tourism Investment In Augmented Solow Growth Model: Evidence From Croatia’ s County-Level Data

Autori
Šergo, Zdravko ; Tomčić, Zdenko ; Poropat, Amorino

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

Izvornik
5th International Conference : Economic Integrations, competition and cooperations / Kandžija, Vinko ; Kumar, Andrej - Ljubljana, 2006, 123-139

Skup
International Conference : Economic Integrations, competition and cooperations (5 ; 2005)

Mjesto i datum
Lovran, Hrvatska, 22.04.2005. - 23.04.2005

Vrsta sudjelovanja
Pozvano predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Solow growth model; health care investments; tourism and catering sector investment; human and social capital; GDP per adult; convergence; Croatia

Sažetak
This paper examines conditional convergence of Croatia’s counties in gross domestic product (GDP) and health care and tourism investment (HCTE) per working-age population. It presents estimation of the augmented Solow growth model suggested by Mankiw, Romer and Weil (1992) to explain variation in output and expenditure per capita across counties. The variation is due to different steady state growth paths resulting from differences in the counties savings rate, education, and population growth. This paper is an extension of the MRW model by incorporating beside human, social capital too, or investment in health care and tourism investment proxied by HCTE to the augmented Solow model. The issue of causality relationship between GDP and explanatory variables is investigated. The empirical analysis is based on cross-sectional counties' data for the period of 1991-2003. We try to find if HCTE has positive effect on the economic growth and the speed of convergence.

Izvorni jezik
Engleski

Znanstvena područja
Arhitektura i urbanizam, Ekonomija

POVEZANOST RADA