Selected Socio-Economic Aspects of the Last Two Economic Crises in Slovenia Assessed through a Three-Stage Territorial Model
Abstract
:1. Introduction
2. Theoretical and Methodological Approach
2.1. Defining Stages of Economic Cycles in Slovenia after 2000
2.2. Economic Crises in Slovenia after 2000: Previous Research
2.3. Developing a Three-Stage Territorial Model for Assessing Socio-Economic Aspects of the Economic Crises
2.4. Methods
3. Results
3.1. Socio-Economic Aspects of Economic Crises in Slovenia: Macro-Territorial Level
3.2. Socio-Economic Aspects of Economic Crises in Slovenia: Meso-Territorial Level
3.3. Socio-Economic Aspects of Economic Crises in Slovenia: Micro-Territorial Level
4. Discussion and Conclusions
Funding
Institutional Review Board Statement
Data Availability Statement
Conflicts of Interest
References
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Territorial Level | Field of Economic-Geographical Research | Application in the Paper |
---|---|---|
Macro level | Economic dynamics, unemployment rates, differences in the intensity of consequences, changing relations between countries and regions, polarization (national level of the research) | Analysis of basic economic indicators on the national level (GDP, level of unemployment, national debt, number of companies), development compared to EU, FDI dynamics, interregional disparities |
Meso level | Changes in economic strength and socio-economic structure of regions, regional resilience (regional level of the research) | Analysis of basic economic indicators on the regional (NUTS 3) level, resilience of regions, quality of life in regions |
Micro level | Vacant dwellings, formation of brownfields, case studies of successful development approaches and resilient companies (individual/ location level of the research) | Vacant apartment buildings, business premises and construction sites, brownfields, an example of a resilient company |
Year | FDI Stock Value (Million EUR) | FDI Stock Value (% of GDP) | FDI Inflow (Million EUR) |
---|---|---|---|
2008 | 8598.0 | 22.7 | 831.8 |
2009 | 7827.8 | 21.6 | –342.5 |
2010 | 7982.9 | 22.0 | 79.5 |
2011 | 8880.1 | 24.1 | 782.2 |
2012 | 9248.6 | 25.6 | 264.1 |
2013 | 8896.5 | 24.5 | –113.9 |
… | |||
2019 | 16,178.7 | 33.3 | 1306.8 |
2020 | 16,663.8 | 35.4 | 192.6 |
NUTS 3 Region | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
---|---|---|---|---|---|---|---|---|---|
Mura | E | S | D | D | R | D | R | R | R |
Drava | E | S | D | D | R | D | D | R | R |
Carinthia | E | S | D | D | R | R | R | R | R |
Savinja | E | E | D | R | R | D | D | R | R |
Central Sava | E | S | D | D | D | D | D | D | D |
Lower Sava | E | S | D | D | R | D | R | R | R |
Southeast Slovenia | E | S | D | D | R | D | R | R | R |
Central Slovenia | E | S | D | D | D | D | D | R | R |
Upper Carniola | E | S | D | R | R | D | R | R | R |
Littoral-Inner Carniola | E | S | D | D | D | D | R | E | E |
Gorizia | E | S | D | D | D | D | D | R | R |
Coastal-Carst | E | S | D | D | D | D | D | R | E |
SLOVENIA | E | S | D | D | R | D | D | R | R |
Category | Economic Crisis | COVID-19 Crisis |
---|---|---|
Intensity | Slovenia was one of the most affected countries in the EU | Decline smaller than the EU average |
Length | Long-lasting crisis: it took five years to move to another stage of the economic cycle | It took only one year to move to another stage of the economic cycle |
Recovery | Slow recovery: pre-crisis levels of economic strength compared to the EU average was reached only in 2021 | Recovery significantly stronger than in other EU member states |
Unemployment | Level of unemployment doubled: from 7.3% in 2008 to 15.4% in 2014 | Not an issue; after the crisis it was lower than before the crisis |
National debt | Strong increase of national debt | Small increase of national debt |
Companies | Pressures on the survival of larger companies, but also success stories | Increase of the number of companies in all categories |
FDI | Decrease of the value of FDI | No influence on FDI dynamics |
Interregional disparities | Decrease of interregional disparities | Decrease of interregional disparities |
Regional development | Diverse development trajectories of NUTS3 regions | Diverse development trajectories of NUTS3 regions |
Brownfields | Formation of specific type of brownfields: abandoned construction sites | No influence on formation of brownfields |
Quality of life | Overall decrease of the quality of life | Low influence on the quality of life |
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Kušar, S. Selected Socio-Economic Aspects of the Last Two Economic Crises in Slovenia Assessed through a Three-Stage Territorial Model. Economies 2024, 12, 189. https://doi.org/10.3390/economies12070189
Kušar S. Selected Socio-Economic Aspects of the Last Two Economic Crises in Slovenia Assessed through a Three-Stage Territorial Model. Economies. 2024; 12(7):189. https://doi.org/10.3390/economies12070189
Chicago/Turabian StyleKušar, Simon. 2024. "Selected Socio-Economic Aspects of the Last Two Economic Crises in Slovenia Assessed through a Three-Stage Territorial Model" Economies 12, no. 7: 189. https://doi.org/10.3390/economies12070189