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Selected Socio-Economic Aspects of the Last Two Economic Crises in Slovenia Assessed through a Three-Stage Territorial Model

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  • Simon Kušar

    (Department of Geography, Faculty of Arts, University of Ljubljana, Aškerčeva 2, 1000 Ljubljana, Slovenia)

Abstract

The aim of this paper is to provide a systematic insight into the socio-economic aspects of the last two economic crises in Slovenia: the Economic crisis between 2009 and 2013, and the COVID-19 crisis in 2020. A three-stage territorial model was developed as a theoretical tool for this study. The data for the analyses came from various statistical sources and from the available literature. The socio-economic aspects of both economic crises were analysed in 11 categories and at three territorial levels: macro (national), meso (regional) and micro (locational). Both economic crises differ fundamentally in many aspects. Compared to the Economic crisis, the COVID-19 crisis was much shorter and less severe, and had relatively little impact on the socio-economic structure of Slovenia and its regions. Both economic crises had some common features: reduction of interregional disparities and different development paths of regions during the crisis, as well as strong economic growth in the first year of recovery. The proposed model can be extended by additional territorial levels and by adding additional social and political-geographical aspects.

Suggested Citation

  • Simon Kušar, 2024. "Selected Socio-Economic Aspects of the Last Two Economic Crises in Slovenia Assessed through a Three-Stage Territorial Model," Economies, MDPI, vol. 12(7), pages 1-17, July.
    • Handle: RePEc:gam:jecomi:v:12:y:2024:i:7:p:189-:d:1439409
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    References listed on IDEAS

    as
    1. Primoz Dolenc & Andraz Grum & Suzana Laporsek, 2012. "The Effect Of Financial/Economic Crisis On Firm Performance In Slovenia - A Micro Level, Difference-In-Differences Approach," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 207-222.
    2. Victor Zarnowitz, 1992. "Business Cycles: Theory, History, Indicators, and Forecasting," NBER Books, National Bureau of Economic Research, Inc, number zarn92-1.
    3. Ron Martin, 2012. "Regional economic resilience, hysteresis and recessionary shocks," Journal of Economic Geography, Oxford University Press, vol. 12(1), pages 1-32, January.
    4. Nina Ponikvar & Maks Tajnikar & Petra Bonča, 2013. "A small EU country attempting to exit the economic crisis: rediscovering the post Keynesian perspective on incomes and prices policy," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 36(1), pages 153-174.
    5. Maciej Krzak & Grzegorz Poniatowski & Katarzyna Wasik, 2014. "Measuring financial stress and economic sensitivity in CEE countries," CASE Network Reports 0117, CASE-Center for Social and Economic Research.
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