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| Tekijä: | Drnovsek, M. |
| Otsikko: | Job creation process in a transition economy |
| Lehti: | Small business economics
2004 : OCT, VOL. 23:3, p. 179-188 |
| Asiasana: | Transition economies Job creation Small business Policy Slovenia Europe |
| Vapaa asiasana: | SME |
| Kieli: | eng |
| Tiivistelmä: | In many European countries, SME policy is close to being a synonym for job creation. While most empirical research on the job-generation potential of small firms has been done in the favourable economic conditions, this paper investigates the role of small firms in more difficult circumstances. On an empirical data set for Slovenia, this paper aims to show that small firms have been the most important employer during the transition period, a finding that very likely can be extrapolated for other European transition economies. Over the last decade, Slovenia has transformed from a labour-managed economic system to a market-oriented economy. When comparing the firm-size structure in a socialist-like economy to the firm-size structure in a mature market economy close to equilibrium, a typical absence of small- and medium-sized firms (SMEs) can be noticed, with the exception of craft shops. That was how Slovenia appeared in the early 1990s. Characterized by the removal of administrative barriers, transition encouraged a spontaneous entrepreneurial wave through an expanding small business sector. The ensuing changes in employment distribution changed the firm-size structure. |
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