Productivity could be boosted by lowering regulatory burdens and by implementing the privatisation programme. Lowering the high tax wedge on labour income could boost employment, especially of the high skilled.
- Improve general skills of vocational students through use of problem-based learning, combined with retraining of teachers.
- Raise the work-experience content of upper secondary technical programmes.
- Distribute adult training vouchers, or provide tax credits to increase workers’ training opportunities.
- Equalise tuition fees for full- and part-time students on a per course basis, coupled with grants and loans for those from poor families.
- Link university funding to students’ labour market outcomes.
- Ensure that the regulatory impact authority’s common RIA framework is applied consistently with effective quality control including through methodology guidance and training.
- Simplify competition authority judicial proceedings.
- Increase resources and staff expertise at the authority.
- Shrink the list of regulated professions, and, where regulation is retained, move to less restrictive forms.
- Strengthen SOE governance by directing them to focus on core activities, allowing more management pay flexibility and strengthening supervisory boards.
- Follow through with privatisation, and narrow the group of SOEs that are considered strategic.
- Implement effective separation of activities and non-discriminatory third-party access in network sectors. Privatise competitive activities, except in sensitive sectors.
Source: OECD May 2017 Economic Outlook database.
Bijsterbosch, M. and M. Kolasa (2009), “FDI and Productivity Convergence in Central and Eastern Europe: An Industry-Level Investigation”, Working Paper Series, No. 992, European Central Bank, Frankfurt am Main.
Damijan, J.P., M. Rojec, B. Majcen and M. Knell (2013), “Impact of firm heterogeneity on direct and spillover effects of FDI: Micro-evidence from ten transition countries”, Journal of Comparative Economics, Vol 41 (3), Pages 895-922.
Iradian, G. (2007), “Rapid Growth in Transition Economies: Panel Regression Approach”, IMF Working Paper, No. 07/170, International Monetary Fund.
Melitz, M., and Polanec, S. (2013), “Dynamic Olley-Pakes Productivity Decomposition with Entry and Exit”, February 4, 2013.
Vodopivec, M., Cede, U. (2013), “Productivity, Unit Labor Costs and Leverage in Slovenia: A Descriptive Analysis of Longitudinal Firm-Level Data”, Prikazi in Analize, Bank of Slovenia, July 2013.
Molnar, M. (2010), “Measuring Competition in Slovenian Industries – Estimation of Mark-ups”, OECD Economics Department Working Paper No. 787.
Sila, U., Jemec, N., and Morgavi, H. (2015), Raising competitiveness and long-term growth of the Slovenian economy, OECD Economics Department Working Paper, No. 1241.
Productivity - enhancing institutions
There is no single institution in Slovenia dedicated to productivity issues. The Ministry of Finance is the main point of contact regarding this issues. The MoF liaises further with the Government Office for Development and European Cohesion Policy and the Ministry of Economic Development and Technology that are responsible for economic and development policy.