IDEAS home Printed from
   My bibliography  Save this article

Politická ekonómia slovenského kapitalizmu: inštitucionálna a evolučná perspektíva
[Political economy of the slovak capitalism from perspective of the institutional and evolutionary economics]


  • Vladimír Baláž


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.

Suggested Citation

  • Vladimír Baláž, 2006. "Politická ekonómia slovenského kapitalizmu: inštitucionálna a evolučná perspektíva
    [Political economy of the slovak capitalism from perspective of the institutional and evolutionary economics]
    ," Politická ekonomie, University of Economics, Prague, vol. 2006(5), pages 610-631.
  • Handle: RePEc:prg:jnlpol:v:2006:y:2006:i:5:id:575:p:610-631

    Download full text from publisher

    File URL:
    Download Restriction: free of charge

    File URL:
    Download Restriction: free of charge

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item


    varieties of capitalisms; Slovakia; institutional and evolutionary economics; path-dependence;

    JEL classification:

    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prg:jnlpol:v:2006:y:2006:i:5:id:575:p:610-631. See general 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: (Frantisek Sokolovsky). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.