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Human Capital and Economic Growth by Municipalities in Slovenia

Author

Listed:
  • Matjaz Novak

    (University of Primorska, Slovenia)

  • Stefan Bojnec

    (University of Primorska, Slovenia)

Abstract

This article presents the analysis of the nature of economic growth of the Slovenian economy at the aggregate level and at the level of Slovenian municipalities for the period 1996–2002. The aggregate cross sectoral time series dataset and the regional cross-sectional time series dataset are used to econometrically test the significance of labour reallocation between sectors and municipalities on the nature of economic growth of the Slovenian economy. For this purpose we compare estimates of average and marginal stochastic frontier production functions. The estimated parameters of these two groups of production functions clearly indicate an inefficient use of human capital in the Slovenian economy during the analysed period. The uncompleted process of sectoral labour reallocation is found as the main factor that has a negative impact on the growth of total factor productivity in the Slovenian economy.

Suggested Citation

  • Matjaz Novak & Stefan Bojnec, 2005. "Human Capital and Economic Growth by Municipalities in Slovenia," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 3(2), pages 157-177.
    • Handle: RePEc:mgt:youmgt:v:3:y:2005:i:2:p:157-177
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    File URL: http://www.fm-kp.si/zalozba/ISSN/1581-6311/3_157-177.pdf
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    Citations

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    Cited by:

    1. Jayanagara Oscar & Chen Kelly Azaryas, 2023. "The Effect of Information Communication Technology Readiness and Knowledge Management on Entrepreneurial Strategic Orientation and its Implications on Firm Performance," Marketing of Scientific and Research Organizations, Sciendo, vol. 47(1), pages 71-104, March.
    2. Rong Wang & Fayuan Wang, 2022. "Exploring the Role of Green Finance and Energy Development towards High-Quality Economic Development: Application of Spatial Durbin Model and Intermediary Effect Model," IJERPH, MDPI, vol. 19(14), pages 1-17, July.
    3. Kang-Sik Kim, 2017. "Factors Affecting the Internationalization of Small and Medium-sized Enterprises in South Korea: Entrepreneurial Orientation, Human Capital and Technological Capabilities," International Journal of Economics and Financial Issues, Econjournals, vol. 7(5), pages 371-379.
    4. Ziga Cepar & Marjetka Troha, 2015. "Impact of Population Ageing on Education Level and Average Monthly Salary: The Case of Slovenia," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 13(3 (Fall)), pages 281-299.
    5. Muhammad Zada & Shagufta Zada & Mudassar Ali & Yongjun Zhang & Abida Begum & Heesup Han & Antonio Ariza-Montes & Alejandro Vega-Muñoz, 2021. "Development of Local Economy through the Strengthening of Small-Medium-Sized Forest Enterprises in KPK, Pakistan," Sustainability, MDPI, vol. 13(19), pages 1-17, September.

    More about this item

    Keywords

    economic growth; sectoral reallocation of labour; total factor productivity; stochastic frontier model;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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