20.500.12556/RUL-180003 The boulevard of broken dreams? long-run effects of labor-managed socialism This study investigates the long-term impact of socialism on economic growth, focusing on the unique case of labor-managed socialism in former Yugoslavia. By comparing Slovenia with OECD and East Asian donor countries that did not undergo postwar socialist transitions, we estimate counterfactual scenarios using synthetic control methods. Our findings show that labor-managed socialism led to a temporary growth deviation, followed by a structural collapse in the 1980s. Our estimates suggest that Slovenia’s per capita GDP would be 22 percent higher today had there been postwar economic and political liberalization in place. By contrast, if socialist policies had continued after 1990, Slovenia's per capita GDP would be 63 percent lower today. These results remain robust across various robustness checks. socialism economic growth synthetic control method comparative long-run development Slovenia socializem družbenoekonomski razvoj ekonomska rast Slovenija true false true Angleški jezik Slovenski jezik Na spletni strani založnika navedeno, da članki izhajajo pod licenco CC BY-ND 4.0. Članek v reviji 2026-02-27 15:24:19 2026-02-27 15:27:50 2026-02-28 04:43:37 0000-00-00 00:00:00 2024 0 0 Str. 167-210 iss. 2 Vol. 21 2024 0000-00-00 Zaloznikova Objavljeno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 330.3 1824-2979 10.25428/1824-2979/031 226884355 ejce031_(1).pdf ejce031_(1).pdf 1 C236DB3A4247D35B8FE31E7C1EA1F7F8 932e18c3414e762cc07795ce9733ff9a9fd3560c911a178c027680f3d14c6c1b fd345b11-13e7-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=229010 https://ejce.liuc.it/Default.asp?tipo=articles&identifier=ejce:18242979/2024/02/01 0 f1a6f14a-13e7-11f1-a1ba-0050569b8976 https://repozitorij.uni-lj.si/Dokument.php?lang=slv&id=229009 Ekonomska fakulteta 0 0 0