Employment in Croatia: Insights into the past and the future

Abstract

The aim of this paper is to explore the relationship between the movement of GDP and the employment in Croatia (CRO). The objective of this paper is to give an estimate on the number of employees needed in the following period as well as possibilities to find workers, having in mind the negative demographic trends. The hypothesis indicates that there is a significant correlation between GDP movement and total employment as well as weak but positive correlation between GDP movement and unemployment. Numerous scientific methods, among which are the methods of analysis and synthesis, the method of descriptive statistics and the method of mathematical modelling, have been applied to achieve the goal of this research. The main result of this work leads to the conclusion that human resources will become the limiting factor for economic growth in the future. Therefore, economic policy measures should be taken in order to change the detected negative trends while forming the demographic capital of the country.