Human Capital in Growth Accounting: The Case of Croatia (CROSBI ID 576723)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Raguž, Irena ; Družić, Ivo ; Tica, Josip
engleski
Human Capital in Growth Accounting: The Case of Croatia
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.
economic growth; human capital; growth accounting; transition
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Podaci o prilogu
185-198.
2011.
objavljeno
Podaci o matičnoj publikaciji
Journal of International Scientific Publications: Educational Alternatives, Volume 9
Kyukanov, Igor ; Giurgiu, Mircea
Carlton: Info Invest Ltd
1313-2571
Podaci o skupu
Annual International Conference Education, Research & Development
predavanje
09.09.2011-13.09.2011
Sunčana obala, Bugarska