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Assessing Eastern Europe's Capital Needs

The paper aims at assessing the capital needs of Eastern Europe in catching up to EC standards of living using the framework of a CES (constant elasticity of substitution) production function model. This function, parameterized on the EC, is assumed to apply with certain inefficiency factors in East...

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Bibliographic Details
Main Author: Boote, Anthony
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1992
Series:IMF Working Papers
Subjects:
Investment
Investments: Stocks
Aggregate Factor Income Distribution
Intangible Capital
Foreign Exchange
Investment & Securities
Labour
Pension Funds
Labor
Economywide Country Studies: Europe
Capital
Non-bank Financial Institutions
National Accounts
Income
Capacity
Purchasing Power Parity
Exchange Rates
Labor Economics: General
Financial Institutions
Stocks
Macroeconomics
Financial Instruments
Labor Economics
Macroeconomic Analyses Of Economic Development
Income Economics
Currency
Institutional Investors
Slovak Republic
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The paper aims at assessing the capital needs of Eastern Europe in catching up to EC standards of living using the framework of a CES (constant elasticity of substitution) production function model. This function, parameterized on the EC, is assumed to apply with certain inefficiency factors in Eastern Europe in 1992. Quantitative results, given the heroic set of assumptions required, are bounded by large ranges. The approach provides a framework for assessing the factors which will determine the future capital needs in Eastern Europe and underscores the crucial role of efficiency gains in this process
Physical Description:24 pages
ISBN:9781451842821

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