Assessing Eastern Europe's Capital Needs

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 Eastern Europe in 1992. Quantitative results, given... READ MORE...

Publication date: February 1992
ISBN 9781451842821
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