Open AccessSavings and investments in transitional countries
Author(s) -
Růžena Vintrová
Publication year - 1996
Publication title -
prague economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.233
H-Index - 17
eISSN - 2336-730X
pISSN - 1210-0455
DOI - 10.18267/j.pep.115
Subject(s) - balance of payments , current account , czech , restructuring , capital account , economics , capital (architecture) , capital outflow , international economics , inflow , monetary economics , foreign direct investment , exchange rate , foreign capital , business , capital formation , finance , financial capital , macroeconomics , geography , market economy , human capital , meteorology , linguistics , philosophy , archaeology
The final funds for restructuring differ in individual CEFTA countries very much. Hungary and Slovakia are to be found in the opposite extreme positions. Both these countries have approximately the same economic level and find themselves between the highest level of the Czech republic and the lowest level of Poland. But the rate of their domestic savings and the foreign capital inflow differs diametrically in opposite directions. Poland has also a relatively low rate of domestic savings - only 15% in 1994 and the balance of payments current account is relatively well-balanced. The Czech republic has a medium rate of domestic savings (24% of GDP in the years 1993 - 1994) since 1995 the domestic financial sources of investment are supplemented also by a significant foreign capital inflow.