Relative Prosperity in Slovenia: A Study

Maja Mesko, Franci Cirkvencic and Tine Bertoncel
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Maja Mesko: University of Primorska, Faculty of Management, Slovenia
Franci Cirkvencic: Government of Republic of Slovenia, Ministry of Defence, Slovenia
Tine Bertoncel: University of Primorska, Faculty of Management, Slovenia

from University of Primorska Press

Abstract: The Allardt’s being-loving-having model (1976, 1990) is presented in the paper and three notions of the triad are defined in the following manner: being pertains to individual's quality of life measured by combining soft and firm indicators, loving means subjective prosperity, i.e., individual's satisfaction with the environment, institutions and soft subjective indicators and having refers to material prosperity with firm objective indicators. For the purpose of the study, the Allardt's prosperity model was verified in the field of economic prosperity for select nations, with focus on Slovenia in order to predict its relative prosperity and crisis. Graphical representation of canonical solution structures was performed for all three pairs for the construct being and loving. Consequently, 33 component comparison analysis was performed for Slovenia. The study suggests for Slovenia negative expectations for the loving construct and below average expectations for the being construct, when compared to other select nations. The study further suggests that Slovenia faces numerous challenges regarding the economic prosperity of its citizens and may fall into even deeper crisis in the years to come without implementing serious structural reforms.

Keywords: Allardt’s model; relative prosperity; Slovenia (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:prp:micp17:191-198

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