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dc.contributor.authorGlismann, Hans H.en_US
dc.contributor.authorHorn, Ernst-Jürgenen_US
dc.contributor.authorStanovnik, Peteren_US
dc.description.abstractSix main characteristics of an economic order are discussed and empirically evaluated for the case of Slovenia. All of them pertain to the institutional setting ab urbe condita; they comprise the legal and jurisdictional situation, the role of private property, the institutionalised strive at competition among firms and individuals, the liberty of markets, the solution of the big assignment problem, and the approach to foreign-trade relations. All six aspects impinge upon the conditions which confront investors in material and in human capital in Slovenia. The analysis shows that Slovenia has had, for three years now, by and large the same problems that other countries in transition had. For example, it still has, among others, tight regulations regarding foreign exchange transactions, and a highly socialist property system burdened with too complicated procedures of privatisation. The authors conclude that in Slovenia, as in the other formerly socialist economies, transformation should first and foremost aim at being coherent. Secondly, first things should come first; the first thing would be to privatise. With a proper approach of institutional reforms there should be no barrier to achieving two-digit rates of real growth, just like Germany had after transition into a market economy in 1949.en_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel Working Papers 706en_US
dc.titleInstitutional change in search of the market: The case of Sloveniaen_US
dc.typeWorking Paperen_US
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

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