The boulevard of broken dreams? : long-run effects of labor-managed socialism

Spruk, Rok (avtor), Kovač, Mitja (avtor), Garoupa, Nuno (avtor)

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.

• Jezik: Angleški jezik
• Ključne besede: socialism, economic growth, synthetic control method, comparative long-run development, Slovenia
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2024
• Št. strani: Str. 167-210
• Številčenje: Vol. 21, iss. 2
• PID: 20.500.12556/RUL-180003
• UDK: 330.3
• ISSN pri članku: 1824-2979
• DOI: 10.25428/1824-2979/031
• COBISS.SI-ID: 226884355

Avtorske pravice

Na spletni strani založnika navedeno, da članki izhajajo pod licenco CC BY-ND 4.0.

• Datum objave v RUL: 27.02.2026

Gradivo je del revije

• Naslov: European journal of comparative economics
• Založnik: Universita Carlo Cattaneo - LIUC
• ISSN: 1824-2979
• COBISS.SI-ID: 15251174

Licence

• Licenca: CC BY-ND 4.0, Creative Commons Priznanje avtorstva-Brez predelav 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by-nd/4.0/deed.sl
• Opis: Licenca Creative Commons Brez predelav dovoljuje uporabnikom ponovno distribucijo dela, vendar ne v spremenjeni obliki. Zahtevana je navedba avtorstva.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: socializem, družbenoekonomski razvoj, ekonomska rast, Slovenija