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CHANGES IN THE MACRO-STRUCTURE OF THE HUNGARIAN ECONOMY (1950-2000)

M. AUGUSZTINOVICS
Acta Oeconomica
Vol. 27, No. 3/4 (1981), pp. 267-288
Published by: Akadémiai Kiadó
Stable URL: http://www.jstor.org/stable/40728889
Page Count: 22
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
CHANGES IN THE MACRO-STRUCTURE OF THE HUNGARIAN ECONOMY (1950-2000)
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Abstract

My preceding article [1] was concerned with the rate of economic growth. It was pointed out that one of the decisive factors in the formation of the growth rate, the macro-economic capital/output ratio is not an efficiency indicator, naturally its level is influenced by the micro-level efficiency of the utilization of fixed capital, however, its long range, secular trend - and with this also that of the growth rate -depends primarily on the changes in the macro-structure. In the present article, among others, I would like to prove this statement. This article is a continuation of the preceding one as much as I am going to refer to its data and statements as already known. By macro-structure the distribution of fixed capital stock, output and employment by main branches is meant throughout the article.

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