Capital Stock and Economic Development in Hungary

Posted: 7 Jul 2002

See all articles by Zsolt Darvas

Zsolt Darvas

Budapest University of Economic Sciences and Public Administration

Andras Simon

Magyar Nemzeti Bank - Economics & Research Department

Abstract

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.

Suggested Citation

Darvas, Zsolt and Simon, Andras, Capital Stock and Economic Development in Hungary. Available at SSRN: https://ssrn.com/abstract=241740

Zsolt Darvas (Contact Author)

Budapest University of Economic Sciences and Public Administration ( email )

Budapest H-1093
Hungary

HOME PAGE: http://www.uni-corvinus.hu/darvas

Andras Simon

Magyar Nemzeti Bank - Economics & Research Department

H-1850 Budapest
Hungary

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