Prague Economic Papers 1996, 5(4) | DOI: 10.18267/j.pep.115
Savings and investments in transitional countries
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.
Published: January 1, 1996 Show citation
This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.