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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.
Table of contents:
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