This paper presents a qualitative and quantitative system-dynamic modeling of the impact of social capital on economic growth. Social capital is the most problematic of all the concepts that ...determine progress. On a broad conceptual level, there is agreement about the importance of social capital, which has been used to explain differences in progress among nations with similar natural, human and physical capital. Recent research suggests that it is more important to include an explanation of the interaction of economic actors and their organization when measuring progress than to measure progress without the influence of social capital. The purpose of this paper is to develop a system-dynamic model of the impact of social capital on economic growth that will enable better understanding and management of social capital. In order to build a system dynamics model, the paper will: provide an analysis and overview of social capital and system dynamics; develop a system dynamics structural and mental-verbal model of the impact of social capital on economic growth; and develop a mathematical model of economic growth. This will provide a practical insight into the dynamic behavior of the observed system, i.e., analyzing economic growth and observing the mutual correlation between individual parameters. Keywords: social capital, economic growth, system dynamics, structural model
The aim of the article is fourfold: (1) to identify the level of health consciousness during the pandemic in Slovakia and Croatia, and to point out the possible influence of selected demographic ...factors on this rate, (2) to identify the degree of consumer ethnocentrism during the pandemic in Slovakia and Croatia and to examine the impact of selected demographic factors to this extent, (3) to examine the link between health consciousness as a factor affecting consumer ethnocentrism and (4) to identify differences in the studied variables of Croatia and Slovakia. The article is supported by a primary survey based on 459 respondents in Croatia and 429 respondents in Slovakia. Whilst referring to our aims, we formulated research questions and hypotheses, in order to answer and verify them we chose ANOVA test and regression analysis. The results point to a high level of respondents' health awareness and an average (in the case of Slovakia) and above-average (in the case of Croatia) rate of consumer ethnocentrism. The results indicate a low relationship between the variables examined. Results can be applied both in theory and in practice in various fields.
System dynamics modelling is one of the best scientific methods for modelling complex, nonlinear natural, economic and technical system dynamics as it enables both monitoring and assessment of the ...effects of intellectual capital on economic growth. Intellectual capital is defined as the ability to transform knowledge and intangible assets into resources to create wealth for a company and a country. Transformation of knowledge is crucial. Knowledge increases a country's wealth only if its importance is recognized and applied differently from existing work practices. The aim of this article is to show the efficiency of modelling system dynamics and simulating the effects of intellectual capital on economic growth. A computer simulation provided a mathematical model, providing practical insight into the dynamic behavior of the observed system. The results of the simulation are presented in graphical form. The dynamic model of the effects of intellectual capital on Croatia's economic growth has been verified by comparing simulation results with existing data on economic growth.
The purpose of this paper is to study how clustering affects the results of operations of small and medium hospitality enterprises (SMHEs) in Croatia and to support SMHEs tend to cluster, forming ...critical masses in one place, to take advantage of synergies such as increased productivity, a higher pace of innovation and in essence the possibility of becoming more competitive. What are clusters and in what way do they increase business performance and the competitiveness are frequently asked questions. The paper presents the results of the impact of clustering in SMHEs in the Republic of Croatia on business performance. The special focus is given to financial and non-financial indicators that are significant for measuring business performance in SMHEs. The methodology of research includes a literature search of clustering in hospitality enterprises research, collection of data directly from managers of SMHEs and from the Croatian Bureau of Statistics, analysis of the financial and non-financial data of 72 SMHEs in the Republic of Croatia. The research takes a longitudinal approach, examining SMHEs that are in clusters in Croatia over a two-year period as well as a control group of non-clustered SMHEs for comparison. The emphasis is on seeking to establish the impact of clustering on business performance. In this paper, the impact of clustering of 72 SMHEs involved in the study is discussed. The research has shown that the advantages of clustering in SMHEs have not been utilised in Croatia. The originality of this research is based on the fact that it refers to an area that has not been explored enough in the Republic of Croatia.
A semi- quantitative time series (2013-2017) was used to present the recent events of scyphomedusae appearance and abundance in the Boka Kotorska Bay, Montenegro, Southeast Adriatic. Six ...meroplanktonic species were recorded: Aurelia spp, Chrysaora hysoscella, Cotylorhiza tuberculata ̧ Discomedusa lobata, Drymonema dalmatinum and Rhizostoma pulmo. Among them, C. hysoscella and D. lobata dominated in the water column during winter and spring, forming dense aggregations in March and May, and February to May, respectively. Our description of the D. lobata blooms are actually the first known records of blooms for this species. C. tuberculata was observed in the Bay principally in August and September. The bloom was occurred only in 2017, being the first information of C. tuberculata mass appearance in this area. We hypothesized that global warming phenomena could trigger the observed changes, and in this respect, long-term trends of sea surface temperature (SST) fluctuations were analysed. The scyphomedusae blooms coincided with high positive SST anomalies, noted in the last seven years for this area. To better understand the mechanisms underlying changes in their phenology and abundance, detailed studies on benthic stages in the Bay are essential.
Semi kvantitativne serije podataka (2013.-2017.) upotrjebljene su za prikaz novonastalih promje-na pojave i brojnosti režnjaka u akvatoriju Bokokotorskog zaljeva. Pretpostavljajući da bi globalno zagrijavanje moglo potaknuti promatrane promjene, analizirani su dugoročni trendovi fluktuacija površinske temperature mora. Zabilježeno je šest meroplanktonskih vrsta: Aurelia spp, Chrysaora hysoscella, Cothyloriza tuberculata ̧ Discomedusa lobata, Drymonema dalmatinum i Rhizostomapulmo. Među njima C. hysoscella, i D. lobata su bile veoma česte i brojne., formirajući nakupine velikih gustoća tijekom zime i proljeća. Za vrstu D. lobata je ujedno prvi poznati opis masovne pojave ove meduze. Vrsta C. tuberculata je u akvatoriju bila primijećena tijekom ljeta, a u velikim gustoćama samo u 2017. godini. To je prvi dokumentirani opis masovne pojave ove meduze u Boko-kotorskom zaljevu. Pojave mase režnjaka u plankton podudaraju se s visokim odstupanjima površin-ske temperature mora zabilježenih posljednjih sedam godina. Stoga, naši opisi fenologije i brojnosti režnjaka u Bokokotorskom zaljevu su u skladu s dokazima porasta gustoće populacija želatinoznog zooplanktona na globalnoj skali. Za bolje razumijevanje mehanizma opisanih promjena neophodno je provesti detaljna istraživanja biologije i ekologije bentonskih stadija ovih organizama.
In the modern global economy that is constantly changing and causing constant threats and challenges, various forms of association and networking enterprises are of growing importance. Considering ...that small and medium enterprises are drivers of economic growth and employment, they should be the most dynamic and most efficient segment of the economy. The same is true for the hospitality industry, where small and medium hospitality enterprises are the main providers of the tourism offer. The lack of networks in clusters of small and medium hospitality enterprises in Croatia is the cause of the unsatisfactory level of competitiveness and quality of hotel facilities with negative implications for economic and social development. The beginning of clustering in Croatia could be a good way to increase the economic efficiency of Croatian small and medium hospitality enterprises. The aim of this paper is to present clustering as a factor that affects the quality of small and medium hospitality enterprises by increasing their competitiveness in the tourism market which is becoming an important element for their business efficiency. For the purposes of the research, a survey was carried out on a sample of 72 small and medium hospitality enterprises in the period from June to September 2012. The survey results have shown that clusterization is a factor of efficiency in small and medium hospitality enterprises.
An extremely large number of passengers, sail to the port of Dubrovnik during the summer months, which is a big problem for both residents and tourists. Besides positive and negative effects incurred ...by cruise tourism on the natural and social environment, economic effect incurs as well and is shown as an increase of different types of consumption in homeports as well as in ports of call. Because of that, it is necessary to analyses passenger traffic in port and to find a solution to the congestion of the port and the city and to make possible precisely planning and organizing business and life in Dubrovnik. This paper presents an analyses of the dynamics of cruise passenger traffic in the port of Dubrovnik in the period 2004 -2018.
The development of science and technology plays a major role in economic growth. In some developed countries, the impact of technological advancement has reached 60-70% relative to other factors. ...Technology has become the main force in economic growth. Science and technology, theory and practice have become increasingly linked forming a single chain, promoting further development of technology, thus creating a need for continuous innovation and invention activities. Globalization, in particular the globalization of the economy, is a direct result of the scientific and technological revolution which creates links and scope for further development of the productive forces. The underlying driving force of globalization is technological development which makes the world a smaller place, both in terms of space and time, bringing qualitative and quantitative changes to the economic, political and cultural fields. System dynamics simulation modelling is one of the most suitable and effective scientific methods for modelling the dynamics of complex, non-linear natural, economic and technical systems. It enables monitoring and assessment of the impact of technology capital on economic growth. In creating a system dynamics simulation model of the impact of technology capital on economic growth of the Republic of Croatia we have created a structure diagram, mental-verbal model and mathematical model for the period between 1999 and 2009. Since system dynamics simulation model provides answers to the “what if” questions, two scenarios were constructed to analyse the economic growth influenced by technology capital change. The first scenario gives an answer to the question what would have happened to the economic growth of Croatia in the relevant period had there been a steady increase in investment in research and development,the implementation of advanced technology and investment in general. The second scenario gives an answer to the question what would have happened to the economic growth of Croatia had the share of the technology capital in the achieved economic growth been 0.39 instead of 0.1 (as recorded in Croatia).
SYSTEM DYNAMIC MODEL OF MARKETING IN HOTEL COMPANY Milić-Beran, Ivona; Alić, Martina Briš; Antunica, Nikica
DIEM : Dubrovnik International Economic Meeting,
11/2017, Letnik:
3, Številka:
1
Conference Proceeding
Recenzirano
The subject of this paper is qualitative as well as quantitative system dynamics modeling of the marketing department in a hotel company. It is known that there is an increasing number of tourists in ...Croatia and also that in some regions hotel capacities are insufficient so hotel management has a major challenge to make decisions about increasing hotel capacities. The dynamic model, in this study, is oriented towards building new hotel capacities according to the increased demand. The paper describes a dynamic model of the marketing department of the hotel company that allows simulation of its dynamic behavior. The dynamics of events and the complexity of the process in the hotel company and the marketing department are shown with mathematical model, mental-verbal model and flow charts. The graphic of the system dynamic structural model of marketing department illustrates the important factors influencing the discrepancy between the desired and actual hotel capacity and between supply and demand for hotel capacities. The mathematical model enables practical insight into the dynamic behavior of the observed system, i.e. the analysis of the marketing department of hotel company and observation of mutual correlation between input, output and internal variables of processes occurring in the observed system.
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