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Assessment of the efficiency of investment in entrepreneurial zonesin Croatia using data envelopment analysis

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  • Tamara ?maguc

    (Faculty of Organization and Informatics, University of Zagreb)

  • Ksenija Vukovi?

    (Faculty of Organization and Informatics, University of Zagreb)

Abstract

The promise of entrepreneurial zones development in Northern Croatia has been huge. In the last decade 282,2 million kuna has been invested on the area of Vara?din and Me?imurje county in the Republic of Croatia and the result has been activation of 52 zones financed from public sources and generation of 14,4 thousand working vacancies (Republic of Croatia, Ministry of Entrepreneurship and Crafts, 2015). Despite certain employment capacity there is still a large number of non-active or half-filled entrepreneurial zones that are a reason for suspicion in cost effectiveness of these investments. In this paper investment efficiency of local self-government units (municipalities and towns) on the area of Vara?din and Me?imurje county in the Republic of Croatia has been assessed by using data envelopment analysis. The analysis has been conducted by using CCR and BCC model oriented on outputs. Concretely, the results of the conducted analysis are valuable due to the fact that political management of towns and municipalities ? that has been non-efficient investor in entrepreneurial zones ? is given information on necessary changes and their extent and also on good practice examples from neighbour towns and municipalities.

Suggested Citation

  • Tamara ?maguc & Ksenija Vukovi?, 2018. "Assessment of the efficiency of investment in entrepreneurial zonesin Croatia using data envelopment analysis," Proceedings of International Academic Conferences 7508474, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:7508474
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    entrepreneurial zones; relative efficiency assessment; data envelopment analysis; Vara?din county; Me?imurje county;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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