Growth and Regional Variations in Unemployment in Yugoslavia: 1965-80

Abstract

There is scarcely an aspect of Yugoslavia's self-managed economy which has not been studied for its insights into the performance of a labor-managed market economy. Of the many potential indicators, an impressive postwar record of economic growth may be the greatest success and the persistently high levels of unemployment the worst failure of self-management. This paper discusses an empirical study showing that although rapid growth and unusually high unemployment have been intimately related. it has been for reasons largely unconnected to Yugoslavia's labor-managed system.