Intellectual capital as a factor of local growth in the republic of Croatia
2025
Dokić, Dragan | Gantner, Vesna
This study explored the impact of human capital investments on local budget growth and economic development in Croatian local governments. By examining the connection between spending on education and local revenues, the research as sesses how enhancing skills and knowledge in the population influences economic performance. Using data from Croatian local governments, the study compares the effects of investments in human capital—such as education and training—with other spending areas, like infrastructure and job initiatives. The findings reveal that investing in human capital has a strong positive impact on local budgets and economic development, often yielding more sustainable benefits than traditional infrastructure spending. Educated and skilled populations contribute significantly to economic activity and fiscal health. The study offers recommendations for local governments to prioritize education and training in their investment strategies to support sustainable economic growth, achieve better budget outcomes, and foster stronger community development in the long term.
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Información bibliográfica
Editorial Institute of Agricultural Economics, Belgrade, Serbia
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