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

In: Financial Reform in Central and Eastern Europe

Author

Listed:
  • Jan Klacek

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.

Suggested Citation

  • Jan Klacek, 1995. "Capital Accumulation for Long-Term Economic Growth in the Czech Republic," Palgrave Macmillan Books, in: Stephany Griffith-Jones & Zdeněk Drábek (ed.), Financial Reform in Central and Eastern Europe, chapter 4, pages 93-104, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23800-2_4
    DOI: 10.1007/978-1-349-23800-2_4
    as

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