POPTÁVKA PO KAPITÁLU V TRANZITIVNÍCH EKONOMIKÁCH

• Autorzy: Pánková Václava

Warianty tytułu

EN

Demand for capital in transition economies

• Języki publikacji: CS

Abstrakty

EN

Demand for foreign investment can create a financial gap characterising a lack of home resources. Harrod-Domar model gives a benchmark but the gap can be smaller what can be tested under an assumption of non-zero elasticity of substitution of domestic for foreign capital. New capital is characterised by capital mobility. A more open capital account implies a higher productive performance but for strong economies only. An approach based on a Feldstein-Ha-rioka hypothesis is used to quantify a measure of capital mobility by econometric models. Technique of panel data regressions is briefly mentioned as a tool which helps to solve the problem of not sufficiently long individual time -series. Analysis of twelve European transition economies is performed.

Słowa kluczowe

EN

CAPITAL MOBILITY; FOREIGN CAPITAL DEMAND; PANEL DATA; TRANSITION ECONOMIES

• Wydawca: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Czasopismo: Ekonomický časopis (Journal of Economics)
• Rocznik: 2005
• Tom: 53
• Numer: 2
• Strony: 119-128
• Rodzaj publikacji: ARTICLE

Twórcy

autor

Pánková Václava,

• V. Pankova, Ustav slovenskej a svetovej ekonomiky SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republik

Identyfikatory

CEJSH db identifier

06SKAAAA00741823