Human Resources development and research capacity and their impact on economic growth

Nada Karaman Aksentijevic () and Zoran Jezic
Additional contact information
Nada Karaman Aksentijevic: University of Rijeka, Faculty of Economics, Rijeka, Croatia
Zoran Jezic: University of Rijeka, Faculty of Economics, Rijeka, Croatia

Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, 2009, vol. 27, issue 2, 263-291

Abstract: The goal of this research is to provide an analysis of the development of the Republic of Croatia and 110 selected countries in terms of human resource development index components and the components of the Technological Achievement Index. Developmental lags of the Republic of Croatia were determined by the bird’s eye view method in terms of the observed developmental indicators, and suggestions were provided for their development. The impact of the analyzed indicators and their components on the economic growth of the Republic of Croatia and the selected countries was established by regression analysis. The paper provides possible developmental guidelines for certain components. The results of the research proved that the Human Resources Development Index is insufficient in the analysis of economic development, as well as the existence of the expected correlation between trained human resources, which enable technological progress, and economic growth of a country. Taking into consideration the correlation between the growth of the Human Resources Development Index, Research Capacity Index, Technology and Innovation Index, and the Ability to Absorb Knowledge and Technology Index and economic growth, which was determined by the application of a model, Croatia has to make additional investments in the growth of human capital and labour productivity in order to reduce developmental lags.

Keywords: human resources; research capacity; economic growth; Republic of Croatia (search for similar items in EconPapers)
JEL-codes: I0 O10 O15 O33 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.efri.uniri.hr/sites/efri.hr/files/cr-c ... 2/karaman-2009-2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfe:zbefri:v:27:y:2009:i:2:p:263-291

Access Statistics for this article

More articles in Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics from University of Rijeka, Faculty of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Danijela Ujcic ().