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Capital Stock and Economic Development in Hungary

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  • Zsolt M. Darvas
  • András Simon

Abstract

This paper introduces a method of calculating physical capital stock figures in transition countries and derives data for Hungary. On the basis of international experience, we set investment and saving paths for future income levels. Confrontation of savings prospects of different sectors with investments needs leads to an economic policy analysis of the fiscal policy needed to catch up to 70 per cent of Austrian per capita income by 2030.

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  • Zsolt M. Darvas & András Simon, 2000. "Capital Stock and Economic Development in Hungary," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 8(1), pages 197-223, March.
    • Handle: RePEc:bla:etrans:v:8:y:2000:i:1:p:197-223
    DOI: 10.1111/1468-0351.00041
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    Cited by:

    1. Benczur, Peter & Simon, Andras & Varpalotai, Viktor, 2006. "Social costs of consumer impatience in Hungary," Journal of Policy Modeling, Elsevier, vol. 28(8), pages 921-930, November.
    2. Ádám Reiff, 2010. "Firm-level adjustment costs and aggregate investment dynamics – Estimation on Hungarian data," MNB Working Papers 2010/2, Magyar Nemzeti Bank (Central Bank of Hungary).
    3. Simon, András & Darvas, Zsolt, 2002. "A financiálisan fenntartható kibocsátás becslése a gazdaság nyitottságának felhasználásával [Estimating sustainable output from the openness of the economy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 361-376.
    4. Gács, János, 2002. "Structural Change and Catching Up: Experience of the Ten Candidate Countries," MPRA Paper 60339, University Library of Munich, Germany.
    5. El-hadj Bah & Josef C. Brada, 2014. "Labor Markets in the Transition Economies: An Overview," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 11(1), pages 3-53, June.
    6. Alexei Izyumov & John Vahaly, 2006. "New capital accumulation in transition economies: implications for capital-labor and capital-output ratios," Economic Change and Restructuring, Springer, vol. 39(1), pages 63-83, June.
    7. Zsolt Darvas & Gábor Vadas, 2003. "Univariate Potential Output Estimations for Hungary," MNB Working Papers 2003/8, Magyar Nemzeti Bank (Central Bank of Hungary).
    8. Zsolt Darvas & György Szapáry, 2008. "Euro Area Enlargement and Euro Adoption Strategies," European Economy - Economic Papers 2008 - 2015 304, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    9. J. Gacs, 2000. "Macroeconomic Developments in Hungary and the Accession Process," Working Papers ir00013, International Institute for Applied Systems Analysis.
    10. Péter Benczúr & András Simon & Viktor Várpalotai, 2003. "Analyzing Fiscal Policy and Growth with a Calibrated Macro Model," MNB Working Papers 2003/13, Magyar Nemzeti Bank (Central Bank of Hungary).
    11. Valentina HARTARSKA & Henry THOMPSON, 2008. "Foreign Investment and Transition in Central/Eastern Europe along the Phase Curve," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 8(2), pages 67-78.
    12. Stephan, Johannes, 2003. "EU Accession Countries’ Specialisation Patterns in Foreign Trade and Domestic Production - What can we infer for catch-up prospects?," IWH Discussion Papers 184/2003, Halle Institute for Economic Research (IWH).
    13. Hajnalka Tarjani, 2005. "Estimating some labour market implications of skill biased technology change and imports in Hungary," CERS-IE WORKING PAPERS 0508, Institute of Economics, Centre for Economic and Regional Studies.
    14. Marcin Piatkowski, 2004. "Does ICT Investment Matter for Growth and Labor Productivity in Transition Economies?," Development and Comp Systems 0402008, University Library of Munich, Germany.

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