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Productivity and Capital Technology Intensity

Author

Listed:
  • Tratnik, Miroslav
  • Zimbrek, Tito
  • Grgic, Ivo
  • Franic, Ramona

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.

Suggested Citation

  • Tratnik, Miroslav & Zimbrek, Tito & Grgic, Ivo & Franic, Ramona, 1993. "Productivity and Capital Technology Intensity," 9th Congress, Budapest, Hungary, 1993 346232, International Farm Management Association.
    • Handle: RePEc:ags:ifma93:346232
    DOI: 10.22004/ag.econ.346232
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