IDEAS home Printed from https://ideas.repec.org/h/zbw/entr15/183681.html
   My bibliography  Save this book chapter

Economic Development of Former Yugoslav Countries

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015

Author

Listed:
  • Kresojević, Saša

Abstract

In this paper, it will be discussed about economic development of former Yugoslav countries before and after the war (1990-1995) in those countries. Before the war, Socialist Federal Republic Yugoslavia has performed well until death (1980) of Yugoslavian leader Tito. The peak of living standard in Yugoslavia in that time was in 1979, with Gross domestic product per capita converted in 2013 year value of money was 10,090$. Many citizens in SFRY remember that period as “old good days”, but there was significant disparity in GDP per capita between six republics. GDP per capita in economically strongest republic Slovenia was higher than GDP per capita in weakest country Bosnia and Herzegovina for 191.3%, After Tito's death SFRY was performing constant negative growth. After the war, six republics left into transition process which has resulted with private owned economy with concept of liberalism. Nowadays, highest average GDP in those countries was in 2008, year before than world economic crisis came, with value of 11,064 converted $ and in 2013 it was 9,174 converted $.

Suggested Citation

  • Kresojević, Saša, 2015. "Economic Development of Former Yugoslav Countries," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, pages 446-452, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr15:183681
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/183681/1/61-ENT-2015-Kresojevic-pp-446-452.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Christian Bjørnskov & Martin Paldam, 2009. "The spirits of capitalism and socialism. A cross-country study of ideology," Economics Working Papers 2009-18, Department of Economics and Business Economics, Aarhus University.
    2. Saul Estrin, 1991. "Yugoslavia: The Case of Self-Managing Market Socialism," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 187-194, Fall.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Yilmaz Bayar & Marius Dan Gavriletea, 2018. "Foreign Direct Investment Inflows and Financial Development in Central and Eastern European Union Countries: A Panel Cointegration and Causality," IJFS, MDPI, vol. 6(2), pages 1-13, May.
    2. Mrdjan Milićev Mladjan & Dušan Zvonkov Marković, 2021. "Generational Responsibility in Consumption as a Response to Global Economic Crises," Sustainability, MDPI, vol. 13(6), pages 1-26, March.
    3. Žídek Libor, 2016. "Economic Transformation in Slovenia: From a Model Example to the Default Edge," Review of Economic Perspectives, Sciendo, vol. 16(3), pages 159-186, September.
    4. Vedran Recher, 2022. "History Matters: Life Satisfaction in Transition Countries," Journal of Happiness Studies, Springer, vol. 23(1), pages 171-193, January.
    5. Jan Hagemejer & Peter Szewczyk & Joanna Tyrowicz, 2018. "Misallocations go a long way: evidence from firm-level data," GRAPE Working Papers 31, GRAPE Group for Research in Applied Economics.
    6. Mano, Viktorija, 2021. "Domestic elite support for reforms in transition economies: the case of North Macedonia," SEER Journal for Labour and Social Affairs in Eastern Europe, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 24(2), pages 219-242.
    7. Nikolic, Milan & Vukonjanski, Jelena & Nedeljkovic, Milena & Hadzic, Olga & Terek, Edit, 2014. "The relationships between communication satisfaction, emotional intelligence and the GLOBE organizational culture dimensions of middle managers in Serbian organizations," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 19(4), pages 387-412.
    8. Ivana Milosevic & A. Erin Bass & Ben Schulte, 2023. "The Interplay of Conflicting and Complementing Institutional Logics in Sustainability Practices," Management International Review, Springer, vol. 63(3), pages 469-506, June.
    9. Péter Benczúr & István Kónya, 2022. "Convergence to the Centre," Contributions to Economics, in: László Mátyás (ed.), Emerging European Economies after the Pandemic, chapter 0, pages 1-51, Springer.

    More about this item

    Keywords

    economic development; war; GDP per capita; real growth; living standard;
    All these keywords.

    JEL classification:

    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

    Statistics

    Access and download statistics

    Corrections

    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:zbw:entr15:183681. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://www.entrenova.org/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.