POPTÁVKA PO KAPITÁLU V TRANZITIVNÍCH EKONOMIKÁCH

• Authors: Pánková Václava

Title variants

EN

Demand for capital in transition economies

• Languages of publication: CS

Abstracts

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.

Keywords

EN

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

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2005
• Volume: 53
• Issue: 2
• Pages: 119-128
• Document type: ARTICLE

Contributors

author

Pánková Václava

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

Identifiers

CEJSH db identifier

06SKAAAA00741823