Economic Transformation in Slovenia: From a Model Example to
the Default

J 2016

Economic Transformation in Slovenia: From a Model Example to the Default

ŽÍDEK, Libor

Basic information

Original name

Economic Transformation in Slovenia: From a Model Example to the Default

Authors

ŽÍDEK, Libor (203 Czech Republic, guarantor, belonging to the institution)

Edition

Národohospodářský obzor, Masarykova univerzita, 2016, 1213-2446

Other information

Language

English

Type of outcome

Článek v odborném periodiku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

References:

URL

RIV identification code

RIV/00216224:14560/16:00091208

Organization unit

Faculty of Economics and Administration

DOI

http://dx.doi.org/10.1515/revecp-2016-0011

UT WoS

000406945000001

Keywords in English

Slovenia; gradualism; economic transformation; banking system

Abstract

V originále

The Slovenian economy appeared on the brink of bankruptcy at the end of 2013. The situation was caused by high level of classified debts in state-owned banks. This can be seen as surprising because Slovenia used to be (for a long time) considered as a (textbook) example of the gradualist transformation approach. The goal of this article is first to describe the transformation process in the country and consequently to determine causes of the economic problems that resulted in the 2013 crisis. The article concludes that the economic problems were rooted already in the specific functioning of the centrally planned system in Yugoslavia. These specifics had a direct influence on the transformation process in the country and stood behind the application of gradualism. Among the most telling features of gradualism were slow privatization, cold attitude towards foreign investment and the foremost lasting casual economic environment caused by behaviour of the state-owned banks. My conclusion is that the country’s economic problems can be ascribed to gradualism and that they are a clear example of the path dependence development

Links

MUNI/A/0915/2015, interní kód MU

Name: Hospodářská politika v EU a ČR III

Investor: Masaryk University, Category A

Citovat

ŽÍDEK, Libor. Economic Transformation in Slovenia: From a Model Example to the Default. Národohospodářský obzor. Masarykova univerzita, 2016, vol. 16, No 3, p. 159-186. ISSN 1213-2446. Available from: https://dx.doi.org/10.1515/revecp-2016-0011.

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   author = {Žídek, Libor},
   article_number = {3},
   doi = {http://dx.doi.org/10.1515/revecp-2016-0011},
   keywords = {Slovenia; gradualism; economic transformation; banking system},
   language = {eng},
   issn = {1213-2446},
   journal = {Národohospodářský obzor},
   title = {Economic Transformation in Slovenia: From a Model Example to the Default},
   url = {http://nho.econ.muni.cz/3-2016/economic-transformation-slovenia-model-example-default},
   volume = {16},
   year = {2016}
}

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JF  - Národohospodářský obzor
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SP  - 159-186
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PB  - Masarykova univerzita
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KW  - Slovenia
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UR  - http://nho.econ.muni.cz/3-2016/economic-transformation-slovenia-model-example-default
N2  - The Slovenian economy appeared on the brink of bankruptcy at the end of 2013. The situation was caused by high level of classified debts in state-owned banks. This can be seen as surprising because Slovenia used to be (for a long time) considered as a (textbook) example of the gradualist transformation approach. The goal of this article is first to describe the transformation process in the country and consequently to determine causes of the economic problems that resulted in the 2013 crisis. The article concludes that the economic problems were rooted already in the specific functioning of the centrally planned system in Yugoslavia. These specifics had a direct influence on the transformation process in the country and stood behind the application of gradualism. Among the most telling features of gradualism were slow privatization, cold attitude towards foreign investment and the foremost lasting casual economic environment caused by behaviour of the state-owned banks. My conclusion is that the country’s economic problems can be ascribed to gradualism and that they are a clear example of the path dependence development
ER  -

ŽÍDEK, Libor. Economic Transformation in Slovenia: From a Model Example to the Default. \textit{Národohospodářský obzor}. Masarykova univerzita, 2016, vol.~16, No~3, p.~159-186. ISSN~1213-2446. Available from: https://dx.doi.org/10.1515/revecp-2016-0011.

Detailed Information on Publication Record