Raising competitiveness and long-term growth of the Slovenian economy:
The rapid growth after independence stopped in 2008 as the global crisis exposed important structural weaknesses. Large state involvement and rigid labour and product markets lowered productivity. Weak corporate governance and easy credit before the crisis led to high indebtedness and overinvestment...
Gespeichert in:
1. Verfasser: | |
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Weitere Verfasser: | , |
Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Paris
OECD Publishing
2015
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Schriftenreihe: | OECD Economics Department Working Papers
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Schlagworte: | |
Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
Zusammenfassung: | The rapid growth after independence stopped in 2008 as the global crisis exposed important structural weaknesses. Large state involvement and rigid labour and product markets lowered productivity. Weak corporate governance and easy credit before the crisis led to high indebtedness and overinvestment. Slovenia was slow to deal with the underlying structural problems. Gradually, important reforms have been implemented which raised credibility of Slovenia in the financial markets and boosted confidence. But economic recovery has been sluggish, many people are unemployed and living standards still remain below the pre-crisis levels. Cost competitiveness and export market performance deteriorated, and there have been marked improvements only recently. Better corporate governance and management practices in the state owned sector and privatisations can attract FDI and raise efficiency. Low innovative activity could be boosted by more FDI, stronger framework for entrepreneurial activity and better start-up support. Relatively high minimum wage is potentially reducing employment opportunities of low-skilled workers. Limiting the minimum wage growth, and lowering the high tax wedge on labour income could boost employment. Efficiency should be raised in early and tertiary education to enhance skills. Despite generous public support, overall students' performance could be improved and there are marked differences between students from different socioeconomic backgrounds. This Working Paper relates to the 2015 OECD Economic Survey of Slovenia (www.oecd.org/eco/surveys/economic-survey-slovenia.htm) |
Beschreibung: | 1 Online-Ressource (59 Seiten) 21 x 29.7cm |
DOI: | 10.1787/5jrxmlcv3237-en |
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spelling | Sila, Urban Verfasser aut Raising competitiveness and long-term growth of the Slovenian economy Urban Sila, Nataša Jemec and Hermes Morgavi = Renforcer la compétitivité et la croissance à long terme de l'économie Slovène / Urban Sila, Nataša Jemec et Hermes Morgavi Renforcer la compétitivité et la croissance à long terme de l'économie Slovène Paris OECD Publishing 2015 1 Online-Ressource (59 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers The rapid growth after independence stopped in 2008 as the global crisis exposed important structural weaknesses. Large state involvement and rigid labour and product markets lowered productivity. Weak corporate governance and easy credit before the crisis led to high indebtedness and overinvestment. Slovenia was slow to deal with the underlying structural problems. Gradually, important reforms have been implemented which raised credibility of Slovenia in the financial markets and boosted confidence. But economic recovery has been sluggish, many people are unemployed and living standards still remain below the pre-crisis levels. Cost competitiveness and export market performance deteriorated, and there have been marked improvements only recently. Better corporate governance and management practices in the state owned sector and privatisations can attract FDI and raise efficiency. Low innovative activity could be boosted by more FDI, stronger framework for entrepreneurial activity and better start-up support. Relatively high minimum wage is potentially reducing employment opportunities of low-skilled workers. Limiting the minimum wage growth, and lowering the high tax wedge on labour income could boost employment. Efficiency should be raised in early and tertiary education to enhance skills. Despite generous public support, overall students' performance could be improved and there are marked differences between students from different socioeconomic backgrounds. This Working Paper relates to the 2015 OECD Economic Survey of Slovenia (www.oecd.org/eco/surveys/economic-survey-slovenia.htm) Economics Slovenia Jemec, Nataša ctb Morgavi, Hermes ctb https://doi.org/10.1787/5jrxmlcv3237-en Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Sila, Urban Raising competitiveness and long-term growth of the Slovenian economy Economics Slovenia |
title | Raising competitiveness and long-term growth of the Slovenian economy |
title_alt | Renforcer la compétitivité et la croissance à long terme de l'économie Slovène |
title_auth | Raising competitiveness and long-term growth of the Slovenian economy |
title_exact_search | Raising competitiveness and long-term growth of the Slovenian economy |
title_exact_search_txtP | Raising competitiveness and long-term growth of the Slovenian economy |
title_full | Raising competitiveness and long-term growth of the Slovenian economy Urban Sila, Nataša Jemec and Hermes Morgavi = Renforcer la compétitivité et la croissance à long terme de l'économie Slovène / Urban Sila, Nataša Jemec et Hermes Morgavi |
title_fullStr | Raising competitiveness and long-term growth of the Slovenian economy Urban Sila, Nataša Jemec and Hermes Morgavi = Renforcer la compétitivité et la croissance à long terme de l'économie Slovène / Urban Sila, Nataša Jemec et Hermes Morgavi |
title_full_unstemmed | Raising competitiveness and long-term growth of the Slovenian economy Urban Sila, Nataša Jemec and Hermes Morgavi = Renforcer la compétitivité et la croissance à long terme de l'économie Slovène / Urban Sila, Nataša Jemec et Hermes Morgavi |
title_short | Raising competitiveness and long-term growth of the Slovenian economy |
title_sort | raising competitiveness and long term growth of the slovenian economy |
topic | Economics Slovenia |
topic_facet | Economics Slovenia |
url | https://doi.org/10.1787/5jrxmlcv3237-en |
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