Capital Stock and Economic Development in Hungary
Budapest University of Economic Sciences and Public Administration
National Bank of Hungary - Economics & Research Department
Economics of Transition, Vol. 8, No. 1, March 2000
This paper introduces a method of calculating physical capital stock figures in transition countries and derives data for Hungary. On the basis of international experience, we set
investment and saving paths for future income levels. Confrontation of savings prospects of different sectors with investments needs leads to an economic policy analysis of the fiscal policy needed to catch up to 70 per cent of Austrian per capita income by 2030.
Accepted Paper Series
Date posted: July 7, 2002
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