Capital Accumulation for Long-Term Economic Growth in the Czech Republic

Jan Klacek

Chapter 4 in Financial Reform in Central and Eastern Europe, 1995, pp 93-104 from Palgrave Macmillan

Abstract: Abstract Any long-term economic forecast for an economy in transition from a centrally planned regime to a market-type one has to address the shape of transition proper as well as the development issues that are partially interlinked and partially represent a new phase that follows. The fundamental institutional changes in the economy combined with a completely new international environment within which the changes are effected tend to produce uncertainty and, indeed, indeterminacy as regards the feasible paths of economic growth and development which are expected to start once macroeconomic stabilisation is achieved.

Keywords: Interest Rate; Czech Republic; Foreign Direct Investment; Capital Accumulation; Commercial Bank (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23800-2_4

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DOI: 10.1007/978-1-349-23800-2_4

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