Poptávka po kapitálu v tranzitivních ekonomikách

Year, pages: 2005, 119 - 128

Demand for foreign investment can create a financial gap characterising a lack of home resources. Harrod-Domar model gives a benchmark but the gap can be smaller what can be tested under an assumption of non-zero elasticity of substitution of domestic for foreign capital. New capital is characterised by capital mobility. A more open capital account implies a higher productive performance but for strong economies only. An approach based on a Feldstein-Harioka hypothesis is used to quantify a measure of capital mobility by econometric models. Technique of panel data regressions is briefly mentioned as a tool which helps to solve the problem of not sufficiently long individual time – series. Analysis of twelve European transition economies is performed.

Pánková, V. 2005. Poptávka po kapitálu v tranzitivních ekonomikách. In Ekonomický časopis/Journal of Economics, vol. 53, no.2, pp. 119-128. 0013-3035.

Pánková, V. (2005). Poptávka po kapitálu v tranzitivních ekonomikách. Ekonomický časopis/Journal of Economics, 53(2), 119-128. 0013-3035.