Hospodářská politika a ekonomický růst

Economic Policy and Economic Growth

Antonin Rusek

Politická ekonomie, 1998, vol. 1998, issue 5

Abstract: A relationship between economic policy and economic growth is analyzed in the present paper. Special attention is paid to the situation in the countries still facing the heritage of central planning and real socialism. The focus is on privatization, internal and external price liberalization and balanced public accounts, accompanied by a conviction that economic growth will follow, a gap between the real situation and the considerations is large. Endogenous economic growth is analyzed at first, then a standard theory of specialization in the world economy is applied to this concept: an explanation of differences in long-term growth rates between the separate countries is provided. The conclusions are used to elucidate the nature and problems of economic growth in post-socialist countries.

Date: 1998
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DOI: 10.18267/j.polek.248

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