Political economy of the slovak capitalism from perspective of the institutional and evolutionary economics
AbstractThe introductory parts of the paper analyse development of a local variety of capitalism in Slovakia from the institutional and evolutionary perspective. In early transition period privatisation policies were aimed at development of a liberal version of capitalism, based on fluid capital markets. These policies were confronted with institutional legacies of previous regimes. Privatisation, however, had major impact on structure of capital ownership and management. Next chapters compare contemporary Slovak capitalism with varieties found in other OECD economies. Major elements of institutional framework (labour market, business and financial environments) are subject to factor analysis. OECD member countries are compared via index of market coordination. Slovakia appears to be a market economy with middle levels of strategic market coordination and similar to Austria, Hungary and the Czech Republic. Reliance on bank finance and dual economy are another distinctive features of the contemporary Slovak capitalism.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. 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.
Bibliographic InfoArticle provided by University of Economics, Prague in its journal Politická ekonomie.
Volume (Year): 2006 (2006)
Issue (Month): 5 ()
Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3
Find related papers by JEL classification:
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vaclav Subrta).
If references are entirely missing, you can add them using this form.