USLOVLJENOST EKONOMSKOG RASTA NACIONALNIM INTELEKTUALNIM KAPITALOM - SLUČAJ ZEMALJA CENTRALNE I ISTOČNE EVROPE
THE CONDITIONALITY OF ECONOMIC GROWTH ON NATIONAL INTELLECTUAL CAPITAL - THE CASE OF THE COUNTRIES OF CENTRAL AND EASTERN EUROPE

Summary/Abstract: Intellectual capital is known as key factor of socio-eonomic development and sustainable competitiveness in current economies. Increasing importance of knowledge resources leads to more and more investments in education, information technologies and innovativeness made by developed economies. However, less developed economies are not capable enough to invest significant amount of resoruces to enable national intellectual capital creation and improvement which has repercussions on rate of economic growth. This paper investigates effect of certain aspects of intellectual capital on economic growth of CEE economies, for time period between 2013. and 2020. year, applying panel regression analzysis. The research aim is to determine which intellectual capital aspects have significant role in economic growth and to propose measures to enhance development of economies as well as their transformation towards knowledge and innovative economies. Research results reveal that sciencentific research activities and current heath exprenditures are significant factors of economic growth in analysed economies. Intensive cooperation between business community, institutions and universities is needed to achieve synergetic effects towards national intellectual capital establishment and development.

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