search query: @author Savin, D. / total: 6
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| Author: | Savin, D. |
| Title: | Placilna bilanca in gospodarski razvoj |
| Journal: | Bilten EDP
1994 : VOL. 17:2-3, p. 41-50 |
| Index terms: | |
| Freeterms: | Slovenia, economy, strategy, economic forecasting, economic development, methods |
| Language: | slv |
| Abstract: | If there is an excess of investment over saving in medium term it leads to a capitalaccount imbalance in the same period because a part of investment would be financed by foreign resources, i.e. the capital-account will be in a surplus.The current-account balance the capital-account which implies its deficit.However, in the case of Slovenia the things should be interpreted somehow differently.The starting assumption is that in medium term period, up to year 2000, Slovenia would experience a capital-account surplus thanks to the inflow of foreign resources (in the form of commercial and financial credits, structural adjustment capital, joint ventures etc).Therefore its current-acount should be in deficit to have the balance of payments in equilibrium (no change in reserves is foreseen). In other words, total imports should exceed total export for years to come enabling Slovenian economy to grow faster otherwise would be the case.The difference between saving and investment , according to this assumption, will be determined by the volume of capital-account, and not the other way round as in standard interpretation of factors causing the current account imbalance. |
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