Productivity and Capital Technology Intensity

Miroslav Tratnik, Tito Zimbrek, Ivo Grgic and Ramona Franic

No 346232, 9th Congress, Budapest, Hungary, 1993 from International Farm Management Association

Abstract: Ideological hypothesis that by the increase of labour productivity in so called "real- -socialist" countries the economy will become superior over capitalistical countries has completely failed in reality. In circumstances where there is no institute of economic employment large-scale enterprises in Croatian agriculture it comes to wrog allocation of capital and human resources. The study researches the impact of capital resources upon the level of actual and correspondent employment concerning the level of capital technology intensity. It is established that increase in capital technology intensity resulted in lower labour productivity growth in relation to correspondent. Disposable capital use per labour unit was also lover. One of the reasons lies in the latent employment on an average of 22,6 %. Eliminating the established latent unemployment, having suggested inputs, current war-time events, and ownership transitions, concluding speculations of this study foresee an average increase of output in large-scale enterprises in Croatian agriculture of 2.59 % until the year of 2000.

Keywords: Research and Development/Tech Change/Emerging Technologies; Labor and Human Capital (search for similar items in EconPapers)
Pages: 18
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifma93:346232

DOI: 10.22004/ag.econ.346232

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