The 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 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by University of Economics, Prague in its journal Politická ekonomie.
Order Information: Postal: Redakce Politické ekonomie, Vysoká škola ekonomická, nám. W. Churchilla 4, 130 67 Praha 3 Email: Web: http://www.vse.cz/polek/
For technical questions regarding this item, or to correct its listing, contact: (Vaclav Subrta).
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