The Determinants of Economic Growth in the Transitional Economies of the Former Yugoslavia
Submission Type
Event
Expected Graduation Date
2013
Location
Room C102, Center for Natural Sciences, Illinois Wesleyan University
Start Date
4-20-2013 11:00 AM
End Date
4-20-2013 12:00 PM
Disciplines
Economics
Abstract
This study examines the unique transitional economies of the former Yugoslavia and their economic growth components relative to the most successful country, Slovenia. Since literature on the former Yugoslavia is still lacking in recent years, this study adds to the understanding of their economic growth after the breakup in 1992. The economic components of growth theory by Smith and Todaro (2012) summarizes the effects of physical capital stock accumulation, population growth, labor force, and technological progress on economic growth. The final findings are that Serbia and Croatia are making significant efforts to be as successful as Slovenia has been in the past and that FDI inflow investments are the most significant components of growth for the former Yugoslavia countries.
The Determinants of Economic Growth in the Transitional Economies of the Former Yugoslavia
Room C102, Center for Natural Sciences, Illinois Wesleyan University
This study examines the unique transitional economies of the former Yugoslavia and their economic growth components relative to the most successful country, Slovenia. Since literature on the former Yugoslavia is still lacking in recent years, this study adds to the understanding of their economic growth after the breakup in 1992. The economic components of growth theory by Smith and Todaro (2012) summarizes the effects of physical capital stock accumulation, population growth, labor force, and technological progress on economic growth. The final findings are that Serbia and Croatia are making significant efforts to be as successful as Slovenia has been in the past and that FDI inflow investments are the most significant components of growth for the former Yugoslavia countries.