Abstract
Abstract Persistent contradictions among growth, efficiency and equilibrium in East European countries are analyzed in our theoretical model. Internal and external tensions are distinguished. Both tensions diminish the efficiency of investment and of foreign trade, moreover, they modify macro distributional shares. Competing growth strategies are compared which differ in the allocation of the national income between internal and external utilization, on the one hand; and between investment and consumption, on the other hand. A simple macro model for Hungary is constructed to be used in computer simulations.
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