Investment and Property Rights in Yugoslavia

Erscheinungsjahr 2011
ISBN: 978-0-521-40147-0
Verlag: Cambridge University Press

Buch, Englisch, Band 86, 272 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 603 g

Reihe: Cambridge Russian, Soviet and Post-Soviet Studies

For decades Yugoslavia has been developing its own model of socialism based on workers' self-management and the increasing use of the market mechanism. As a result, many scholars view the Yugoslav economy differently from other socialist systems. In this book, Dr Milica Uvalic demonstrates how some of the fundamental features of the Yugoslav economy have remained similar to those characterizing other socialist economies. Dr Uvalic focuses on theoretical and empirical issues related to investment in Yugoslavia since 1965. She examines investment policies, sources of finance, macroeconomic performance, enterprise incentives, and current property reforms in relation to Western theory on investment behaviour in the labour-managed firm and Kornai's theory on socialist economies. In line with Kornai's theory, the author argues that investment reforms have not led to substantially changed enterprise behaviour, which illustrates the limited results to be expected from partial reforms in a socialist economy. The fundamental problems in Yugoslavia are thus generic to socialist economic systems, rather that the specific characteristic of self-management.

Autoren/Hrsg.

Uvalic, Milica

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Mittel- und Osteuropa, Russland
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Volkswirtschaften einzelner Länder und Regionen

Inhaltsverzeichnis

List of tables and graphs; Introduction; Part I. The Institutional and Theoretical Framework: 1. The Yugoslav road towards market socialism; 2. The investment theory of the labour-managed firm; 3. Extensions of the LMF investment theory; 4. The investment behaviour of the socialist firm; Part II. Empirical Evidence on the Nature of the Yugoslav System: 5. Yugoslav investment and savings performance; 6. Determinants of investment in Yugoslavia; 7. Econometric tests of Yugoslav investment behaviour; Part III. Pressure for More Radical Reforms in Yugoslavia: 8. Early attempts at introducing investment incentives; 9. Current property reforms; 10. Specific features of the Yugoslav transition; 11. An overview of conclusions; Appendices; Bibliography.