SECTORAL  AND  BRANCH  STRUCTURE  OF  THE  SLOVAK  ECONOMY  Cover Image

Sektorová a odvetvová štruktúra slovenskej ekonomiky
SECTORAL AND BRANCH STRUCTURE OF THE SLOVAK ECONOMY

Author(s): Elaine Fultz
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV

Summary/Abstract: The basic aim of the paper is to appreciate to what extent are structural relations and comprehensive qualitative parameters of sectors and branches or their tendencies in the Slovak economy comparable with V4 countries from the disparities in relation to the EU point of view. The question is whether the level of disparities presents or not pre-sents a fundamental obstacle for the real convergence with the EU. The results of com-pa-rative analysis presented in the paper suggest that Slovakia, in spite of the fact that in some parameters is lagging behind Hungary and the Czech Republic (and obviously also behind Slovenia, which has not been analysed), is from the point of view of the structure adaptation comparable with monitored countries. Sector and branch structure of the Slovak economy has been changed profoundly in the course of transformation and approached the proportions typical from EU member countries. Differences relating selected EU countries, which have been found, do not exceed those existing also with the EU. In the layers of production and services’ struc-ture segmented in more detail one finds out evidently lower share of modern technology and information intensive activities not only in comparison with developed EU coun-tries, but also comparing it for instance with Hungary. Lower engagement of foreign direct investments above all in the manufacturing industry in the Slovak Republic led definitely towards slower course of the qualitative structure changes. One can expect that Slovak's entry in the EU will bring about positive changes in this respect. Comparing with EU member countries candidate countries accomplish considerably lower labour productivity. In Slovakia labour productivity is about half of that achieved in the EU (which is some point less than in the Czech Republic and Hungary, but more than in Poland). In individual branches are these relations (compared to those in Aus-tria) fairly differentiated. The highest relative level of labour productivity Slovakia has achieved in agriculture, on the other hand the worst results are in construction.. Slovakia achieves relatively high level of labour productivity in the sector of services both in international comparison and also in the inter-branch comparison in Slovakia. Labour productivity in this sector increases alongside with the growth of employment, which is particularly important. International comparison of more detailed structure of services' sector shows that in Slovakia are less developed just these services that are developing in modern economy very dynamically.

  • Issue Year: 50/2002
  • Issue No: 04
  • Page Range: 640-662
  • Page Count: 23
  • Language: Slovak