Udržitelnost veřejných financí a dynamická efektivnost

Public finance sustainability and dynamic efficiency

Vratislav Izák

Politická ekonomie, 2008, vol. 2008, issue 2, 162-181

Abstract: In the last years there has been a growing discrepancy between gross domestic product and gross disposable income (more than a double of government budget deficit in 2006)in favour of non-residents. The difference between the real interest rate and the rate of growth of GDP has been negative in 2000-2006 and is expected to be negative in the near future suggesting that even a small deficit in primary budget balance can stabilize the debt ratio (30 % of GDP). But in a world of uncertainty even in the Czech republic the capital sector is on net a spout and not a sink (the profit rate has been higher than the investment rate in 1995-2008). Hence the czech economy seems to be dynamically efficient and an increase in national saving is necessary.

Keywords: fiscal sustainability; dynamic efficiency; czech data (search for similar items in EconPapers)
JEL-codes: H5 H6 (search for similar items in EconPapers)
Date: 2008
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DOI: 10.18267/j.polek.635

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