Source: OECD Economic Surveys, Volume 2009, Number 7, June 2009 , pp. i-162(163)

Publisher: OECD - Organisation for Economic Co-operation and Development

Abstract:

This 2009 edition of OECD's periodic survey of Slovenia's economy includes chapters discussing restoring a sustainable growth path within the Monetary Union, restoring public finances on a sustainable path and improving efficiency, improving the functioning of the labour market, and enhancing the business environment to foster productivity growth.

Executive Summary

Assessment and Recommendations

Chapter 1. Restoring a Sustainable Growth Path within the Monetary Union

-The global economic crisis poses new challenges to economic policy

-Beyond the crisis, maintain a steady economic catch-up without macroeconomic imbalances

-To achieve sustainable growth within the euro area, well-directed policies are needed

-Annex 1.A1. Growth accounting framework

-Annex 1.A2. Shift-share analysis of labour productivity growth

-Annex 1.A3. Main Structural Reforms in Slovenia

Chapter 2. Keeping Public Finances on a Sustainable Path and Improving Efficiency

-Fiscal consolidation has paid off...

-...But is exposed to several risks

-A new pension reform is needed to ensure long-term fiscal sustainability

-Restraining public spending...

-...And improving its efficiency

-Making the tax system less distorting for growth

-Annex 2.A1. The Convergence and Stability Programmes of Slovenia and actual fiscal developments

-Annex 2.A2. Generational accounting: An illustrative simulation of the wealth impact of ageing pre-funding on younger and older generations

-Annex 2.A3. Main tax reforms

Chapter 3. Improving the Functioning of the Labour Market

-Labour market performance has been improving...

-...But challenges remain

-Boosting the labour force participation of the elderly

-Raising the employment rates of youth

-Coping with rising labour market dualism

-Annex 3.A1. Estimating a time-varying NAIRU by means of the Kalman filter

-Annex 3.A2. Investigating the impact of Slovenian labour market reforms

Chapter 4. Enhancing the Business Environment to Foster Productivity Growth

-Changing ownership and enterprise structure

-Good business environment and adequate entrepreneurial dynamism

-Recent initiatives to improve the business environment

-Strong market concentration in key service sectors

-Annex 4.A1. Estimation of mark-ups for Slovenian industries

Glossary

Document Type: Review article

Publication date: 2009-06-01

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