OECD Economic Surveys: Slovak Republic

Frequency :
Every 18 months
ISSN :
1999-0588 (online)
ISSN :
1995-3526 (print)
DOI :
10.1787/19990588
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OECD’s periodic surveys of the Slovak economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

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OECD Economic Surveys: Slovak Republic 2014

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Author(s):
OECD
Publication Date :
05 Nov 2014
Pages :
120
ISBN :
9789264207066 (PDF) ; 9789264113572 (print)
DOI :
10.1787/eco_surveys-svk-2014-en

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OECD's 2014 Economic Survey of the Slovak Republic examines recent economic developments, policies and prospects. Special chapters cover reforming the public sector and spurring growth in lagging regions.

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    Basic statistics of the Slovak Republic, 2013

    This Survey is published on the responsibility of the Economic and Development Review Committee (EDRC) of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of the Slovak Republic were reviewed by the Committee on 10 September 2014. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 15 October 2014.The Secretariat’s draft report was prepared for the Committee by Lilas Demmou under the supervision of Andreas Wörgötter. Research assistance was provided by Seung-Hee Koh. Arthur Radziwill and Yana Vaziakova contributed at an early stage. The Survey also benefitted from consultancy work by Robert Price, Gabriel Machlica, Martin Halus and Robert Menkyna.The previous Survey of the Slovak Republic was issued in December 2012.Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at www.oecd.org/eco/surveys.

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    Executive summary
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    Assessment and recommendations

    Short-term economic performance and fiscal policyLong term growth challengesReforming the public sectorSpurring growth in lagging regions

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    Progress in structural reforms

    This annex reviews action taken on recommendations from previous Economic Surveys of the Slovak Republic. They cover reforms in the following areas: labour markets, education, product markets, public sector efficiency and the fiscal framework. Each recommendation is followed by a short note of actions taken since the 2012 Economic Survey of the Slovak Republic.

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  • Expand / Collapse Hide / Show all Abstracts Thematic chapters

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      Reforming the public sector

      Improving public sector efficiency can help to meet two conflicting objectives: ensuring fiscal consolidation and maintaining room for growth-friendly spending. However, the public sector, lags on the application of e-government and e-procurement, insufficiently prioritises spending, and suffers from budget fragmentation, lack of co-ordination between ministries and perceived corruption. The regulatory framework could also be more business friendly and the judicial system more efficient. Boosting public sector efficiency requires broad based reforms. Sequencing will be important for the effectiveness of this comprehensive reform effort, and therefore the government should put an initial emphasis on human resource management and the improvement of administrative capacity.

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      Spurring growth in lagging regions

      Regional inequality in Slovakia is among the highest in the OECD and is increasing. The main reason for regional disparity is the combination of low economic growth and job creation in the eastern and central part of the country and insufficient labour mobility to the west, in particular by low-skilled workers. As a result, jobs shortage and lack of technological capacities in the central and eastern regions persist alongside skills shortages in the Bratislava regions. Boosting convergence requires a multi-pronged approach involving innovation, labour market and educational policies. Completing the transport infrastructure network in Slovakia will be both important for removing expansion bottlenecks in the Bratislava region and reducing obstacles for job creation in the central and eastern regions.

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