Economic Development of Former Yugoslav Countries

Saša Kresojević

A chapter in Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, 2015, pp 446-452 from IRENET - Society for Advancing Innovation and Research in Economy, Zagreb

Abstract: In this paper, it will be discussed about economic development of former Yugoslav countries before and after the war (1990-1995) in those countries. Before the war, Socialist Federal Republic Yugoslavia has performed well until death (1980) of Yugoslavian leader Tito. The peak of living standard in Yugoslavia in that time was in 1979, with Gross domestic product per capita converted in 2013 year value of money was 10,090$. Many citizens in SFRY remember that period as “old good days”, but there was significant disparity in GDP per capita between six republics. GDP per capita in economically strongest republic Slovenia was higher than GDP per capita in weakest country Bosnia and Herzegovina for 191.3%, After Tito's death SFRY was performing constant negative growth. After the war, six republics left into transition process which has resulted with private owned economy with concept of liberalism. Nowadays, highest average GDP in those countries was in 2008, year before than world economic crisis came, with value of 11,064 converted $ and in 2013 it was 9,174 converted $.

Keywords: economic development; war; GDP per capita; real growth; living standard (search for similar items in EconPapers)
JEL-codes: P52 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/183681/1/6 ... jevic-pp-446-452.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:entr15:183681

Access Statistics for this chapter

More chapters in Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero from IRENET - Society for Advancing Innovation and Research in Economy, Zagreb
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().