This article presents the analysis of the nature of economic growth of the Slovenian economy at the aggregate level and at the level of Slovenian municipalities for the period 1996–2002. The aggregate cross sectoral time series dataset and the regional cross-sectional time series dataset are used to econometrically test the significance of labour reallocation between sectors and municipalities on the nature of economic growth of the Slovenian economy. For this purpose we compare estimates of average and marginal stochastic frontier production functions. The estimated parameters of these two groups of production functions clearly indicate an inefficient use of human capital in the Slovenian economy during the analysed period. The uncompleted process of sectoral labour reallocation is found as the main factor that has a negative impact on the growth of total factor productivity in the Slovenian economy.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Article provided by University of Primorska, Faculty of Management Koper in its journal Managing Global Transitions.
Find related papers by JEL classification: O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
Did you know? Citation analysis on IDEAS includes online papers that are freely accessible and whose text could be automatically analyzed, currently about 210000 papers.