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Economic Development of the CSSR: Analysis and Conditional Forecasts

  • Ivan Sujan

Summary

This chapter contains the results of analysis and forecasts of the Czechoslovak economy covering the period 1970–2000. We have used an econometric macro-model which explains the relationships between basic indicators of the Czechoslovak economy, as well as the foreign trade flows between European CMEA countries. The ex post analysis indicates the sources of slowdown in economic growth: deterioration of some external economic conditions and relative exhaustion of extensive growth resources are identified as the main negative factors. Conditional forecasts show that the planned long-term growth targets would be feasible under certain changes in economic structure and management, e.g., more investment to reduce the material and energy intensity of production.

Keywords

Material Intensity Post Analysis Average Annual Growth Rate Gross National Income Personal Consumption 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1989

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  • Ivan Sujan

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