Using a series of input-output tables authors study the structural changes in the Slovenian economy over the transition period. However, unlike other studies that rely exclusively on traditional quantitative analysis, this study employs an extended version of qualitative input-output analysis. The results show that the economy underwent some major changes and that there might be a connection between business cycles and economic structure. The results also support our hypothesis that the main aggregate economic indicators are not sufficient for the analysis of structural changes, especially, if the output performance of the economy is growing.

The Slovenian economy underwent major structural changes during the transition period, and main aggregate economic indicators are not sufficient for analyzing these changes, especially when output performance is growing.

Indicators of the Structural Change in a Transition Economy

Key Takeaway: The Slovenian economy underwent major structural changes during the transition period, and main aggregate economic indicators are not sufficient for analyzing these changes, especially when output performance is growing.