Naslov
The Economic Costs of Disintegration of Yugoslavia : The Case of Croatia And Serbia

Autori
Herceg, Tomislav ; Vuksanović, Iva ; Kuč, Vukašin

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
EACES Workshop "Market Failures and the Role of Institutions : Economic development and institutional organisation" : proceedings / Backović, Marko ; Karadžić, Vesna - Beograd : Centar za izdavačku delatnost Ekonomskog Fakulteta, 2011, 542-560

ISBN
978-86-403-1210-3

Skup
EACES Workshop "Market Failures and the Role of Institutions : Economic development and institutional organisation"

Mjesto i datum
Budva, Crna Gora, 22.09.2011. - 24.09.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
slow transition; lagging GDP growth; deindustrialization; institutional environment

Sažetak
In this paper authors analyze the countries that have been formed on the territory of the ex Yugoslavia with respect to the gross domestic product, production per capita, average wages and social welfare in the period from 1990 – 2010. Afterwards the analysis encompasses the average wage growth rate, gross domestic product growth rate and per capita income growth rate of the similar emerging economies like Hungary, Poland, Czech Republic and Slovakia in the same period. The waged average growth rates were obtained and afterwards used to calculate the hypothetical time path of the variables previously mentioned, using the absolute values of the GDP, GDP per capita and wages of the ex Yugoslavian countries from year 1990 as the basis. In this way it is shown where West Balkans countries are in terms of economic position, and where they would have been if they had grown similarly to the rest of the European emerging markets. Authors also show the difference in the ranking of the European and OECD countries with respect to these variables in the actual and in the hypothetical case, clearly and quantitatively showing what the amount by which West Balkans countries have lagged behind the similar markets is due to the erroneous institutional policies

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA