Abstract
The paper represents a simulation exercise of the possible evolution of Yugoslav economy if the federation would have gone a peaceful transition to a market economy and democracy, similar to the other countries belonging to the former socialist group; we use the synthetic control method to calculate the GDP per capita of the federation and each of the republics. The extrapolated values are compared to the actual levels of the indicator in each republic, which allows to conclude if the separation has brought more economic development than in case Yugoslavia would still exist.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
