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Financiranje regionalnog razvitka - nacini i modeli


  • Branko Matic

    () (Faculty of Economics in Osijek)


The aim of a human resources management model in the function of regional development is to provide effective mediation in the labour market achieved by increasing the quality of service adjusted to the clients` needs, along with the development of knowledge, skills and abilities of everyone involved in human resources management. They should also continuously improve partnership relations with all the stakeholders in the labour market. A leading role in the development of the Croatian labour market, particularly when it comes to balancing the total labour supply and demand aimed at increasing employment is played by the Croatian Employment Service (CES). The CES follows the strategic goals of regional development. The Croatian Employment Service has the following strategic goals: - to develop the services provided by the Croatian Employment Service in order to stimulate workforce competition and address the labour market needs. - to develop human potential and administrative capacity of the Croatian Employment Service in creation and provision of new services in the labour market - to achieve a leading role of the Croatian Employment Service in the labour market by stimulating partnership and increasing its impact on adopting and realizing public policies. In the current economic crisis the Croatian Employment Service has reconfirmed its conviction that investment in human resources is the crucial measure aimed at increasing employability through acquiring knowledge and skills in demand on the labour market. The other side of this issue is the need to prevent the loss of skills resulting from long periods of unemployment. It is possible to notice three different approaches in raising and allocating resources for financing regional development, which is explained on the example of one of the economically most developed regional (local) selfgovernment units. In spite of having common development goals, local selfgovernments proceed differently in carrying out these tasks. Funding of public needs through public-private partnership (PPP) is motivated primarily by limited availability of public financing, together with the endeavours to improve the quality and efficiency of public services. Contracting projects by means of PPP should be seen as one of the possibilities if project characteristics allow for such a model, and if clear advantages and benefits can be demonstrated in comparison with traditional procurement methods. Furthermore, we should point out overcoming limitations in funding, involving private sector in the construction of public infrastructure and provision of public services, stimulating innovation in public services, and increasing consumer satisfaction. Public-private partnerships are very complex in terms of design, management and implementation, which indicates that everybody should be very cautious regarding this model, even though it could provide a range of advantages. Taking into account that these are normally long-term projects, there is a possibility that expected benefits are not realized. In view of this, special precautions should be taken when contracting such projects so as to avoid possible deterioration of public services. Within the international monetary system, the International Monetary Fund and the World Bank, together with their affiliates, are indispensable financial institutions that play a crucial role in handling financial problems in the world, particularly in underdeveloped and developing countries. Some major goals of these institutions are establishing economic stability around the world, financing the members that have encountered different economic difficulties, and providing counselling in order to re-establish macroeconomic balance. The cooperation between these two institutions and Croatia takes place mostly through their granting different arrangements (usually stand-by arrangements), loans and donations.The European Union provides some other important sources of financing for the regional development, in particular through credit institutions, funds and non-monetary financial institutions.

Suggested Citation

  • Branko Matic, 2009. "Financiranje regionalnog razvitka - nacini i modeli," Books, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, number 3.
  • Handle: RePEc:osi:osbook:3

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    More about this item


    regionalni razvoj; modeli financiranja;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F3 - International Economics - - International Finance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G3 - Financial Economics - - Corporate Finance and Governance
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy


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