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Main Economic Characteristics of Small Countries: Some Empirical Evidence

In: Small Countries in a Global Economy

Author

Listed:
  • Jože P. Damijan

    (University of Ljubljana
    Institute for Economic Research)

Abstract

In the past four decades there have only been a few studies on the economic consequences of the size of countries (Robinson (1960), Khalaf (1971), Jalan (1982)) and only a few more on some of their special economic characteristics (Kuznets (1960), Michealy (1962), Lloyd (1968), Deans and Bernstein (1978), Senjur (1992a and 1992b), Damijan (1993, 1996), etc.). The main economic characteristics of small countries identified in those studies can be classified as a tendency towards: greater foreign trade openness greater concentration of production structure limited ability to achieve economies of scale greater commodity and geographic concentration of foreign trade larger public sector greater balance of payments difficulties smaller value of export multiplier.

Suggested Citation

  • Jože P. Damijan, 2001. "Main Economic Characteristics of Small Countries: Some Empirical Evidence," Palgrave Macmillan Books, in: Dominick Salvatore & Marjan Svetličič & Jože P. Damijan (ed.), Small Countries in a Global Economy, chapter 3, pages 91-130, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51319-8_4
    DOI: 10.1057/9780230513198_4
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    Cited by:

    1. Ohr, Renate & Özalbayrak, Mehmet, 2012. "The Euro: A "MUST" for small European states?," University of Göttingen Working Papers in Economics 131, University of Goettingen, Department of Economics.
    2. Rodríguez-Pose, Andrés & Stermšek, Marko, 2014. "The Economics of Secession ? Analysing the economic impact of the collapse of the former Yugoslavia," CEPR Discussion Papers 10134, C.E.P.R. Discussion Papers.
    3. König, Jörg & Ohr, Renate, 2011. "Small but beautiful? Economic impacts of the size of nations in the European Union," University of Göttingen Working Papers in Economics 128, University of Goettingen, Department of Economics.
    4. repec:got:cegedp:128 is not listed on IDEAS
    5. repec:got:cegedp:131 is not listed on IDEAS

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