Models of Disequilibrium and Shortage in Centrally Planned Economies

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Publisher : Springer Science & Business Media
ISBN 13 : 9400908237
Total Pages : 504 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Models of Disequilibrium and Shortage in Centrally Planned Economies by : C.M. Davis

Download or read book Models of Disequilibrium and Shortage in Centrally Planned Economies written by C.M. Davis and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: The centrally planned economies (CPEs) of the Soviet Union and Eastern Europe have experienced severe imbalances in domestic and external markets over the past several decades. As a result, they have been chronically afflicted by problems such as excess demand, repressed inflation, deficits of commodities, queues, waiting lists, and forced savings. Economists have responded to these phenomena by developing appropriate theoretical and empirical models of CPEs. Of particular note have been the pioneering studies of Richard Portes on disequilibrium econometric models and Janos Kornai on the shortage economy. Each approach has attracted followers who have produced numerous, innovative macro- and microeconomic models of Poland, Czechoslovakia, the German Democratic Republic, Hungary, and the USSR. These models have proved to be of considerable value in the analysis of the causes, consequences and remedies of disequilibrium phenomena. Inevitably, the new research has also generated controversies both between and within the schools of shortage and disequilibrium modelling, concerning the fundamental nature of the socialist economy, theoretical concepts and definitions, the specification of models, estimation techniques, interpretation of empirical findings, and policy recommend ations. Furthermore, the research effort has been energetic but incomplete, so many gaps exist in the field.

The Second Economy in Disequilibrium and Shortage Models of Centrally Planned Economies

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Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Second Economy in Disequilibrium and Shortage Models of Centrally Planned Economies by : Christopher Davis

Download or read book The Second Economy in Disequilibrium and Shortage Models of Centrally Planned Economies written by Christopher Davis and published by . This book was released on 1988 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Plans and Disequilibria in Centrally Planned Economics

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Publisher :
ISBN 13 :
Total Pages : 208 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Plans and Disequilibria in Centrally Planned Economics by : Wojciech Charemza

Download or read book Plans and Disequilibria in Centrally Planned Economics written by Wojciech Charemza and published by . This book was released on 1988 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:

European Industrial Policy

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Publisher : Oxford University Press, USA
ISBN 13 : 9780198289982
Total Pages : 492 pages
Book Rating : 4.2/5 (899 download)

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Book Synopsis European Industrial Policy by : James Foreman-Peck

Download or read book European Industrial Policy written by James Foreman-Peck and published by Oxford University Press, USA. This book was released on 1999 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: The present study aims to contribute to an understanding of European industrial policy by introducing an historical perspective. National policy continuities and the considerable time over which industrial performance responds to changed environments emerge with greater clarity in the long run. The chapters in this book take a broad view of industrial policy, including those policies that establish the `framework', such as competition law, as well as sector for firm specific policies.

The Polish Economic Crisis

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Publisher : Routledge
ISBN 13 : 1134880855
Total Pages : 218 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis The Polish Economic Crisis by : Batara Simatupang

Download or read book The Polish Economic Crisis written by Batara Simatupang and published by Routledge. This book was released on 1993-11-11 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simatupang examines the circumstances that led to the revolution of 1989, primarily the economic slump of the 1980s and the severe recession that preceeded it, and its effects on the Polish people.

The Socialist System

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Publisher : Princeton University Press
ISBN 13 : 0691228027
Total Pages : 675 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Socialist System by : János Kornai

Download or read book The Socialist System written by János Kornai and published by Princeton University Press. This book was released on 2021-04-13 with total page 675 pages. Available in PDF, EPUB and Kindle. Book excerpt: To understand the dramatic collapse of the socialist order and the current turmoil in the formerly communist world, this comprehensive work examines the most important common properties of all socialist societies. JNBnos Kornai brings a life-long study of the problems of the socialist system to his explanation of why inherent attributes of socialism inevitably produced in-efficiency. In his past work he has focused on the economic sphere, maintaining consistently that the weak economic performance of socialist countries resulted from the system itself, not from the personalities of top leaders or mistakes made by leading organizations and planners. This book synthesizes themes from his earlier investigations, while broadening the discussion to include the role of the political power structure and of communist ideology. Kornai distinguishes between two types, or historical phases, of socialism. The "classical socialism" of Stalin, Mao, and their followers is totalitarian and brutally repressive, but its components fit together and make up a coherent edifice. Associated with names like Tito, KNBdar, Deng-Xiaoping, and Gorbachev, "reform socialism" relaxes repression, but brings about a sharpening of inner contradictions and the eventual dissolution of the system. Kornai examines the classical system in the first half of the book, and moves on to explore the complex process of reform in the second half. The Socialist System is addressed to economists in the first place, but also to political scientists, sociologists, and historians. In addition, it will appeal to policymakers, business analysts, and government officials who need to understand either formerly or presently communist countries.

The Economics of the Global Defence Industry

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Publisher : Taylor & Francis
ISBN 13 : 042988270X
Total Pages : 641 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis The Economics of the Global Defence Industry by : Keith Hartley

Download or read book The Economics of the Global Defence Industry written by Keith Hartley and published by Taylor & Francis. This book was released on 2019-11-08 with total page 641 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes an original contribution to our knowledge of the world’s major defence industries. Experts from a wide range of different countries – from the major economies of North America and Western Europe to developing economies and some unique cases such as China, India, Singapore, South Africa and North Korea – describe and analyse the structure, conduct and performance of the defence industry in that country. Each chapter opens with statistics on a key nation’s defence spending, its spending on defence R&D and on procurement over the period 1980 to 2017, allowing for an analysis of industry changes following the end of the Cold War. After the facts of each industry, the authors describe and analyse the structure, conduct and performance of the industry. The analysis of ‘structure’ includes discussions of entry conditions, domestic monopoly/oligopoly structures and opportunities for competition. The section on ‘conduct’ analyses price/non-price competition, including private and state funded R&D, and ‘performance’ incorporates profitability, imports and exports together with spin-offs and technical progress. The conclusion explores the future prospects for each nation’s defence industry. Do defence industries have a future? What might the future defence firm and industry look like in 50 years’ time? This volume is a vital resource and reference for anyone interested in defence economics, industrial economics, international relations, strategic studies and public procurement.

Industrial Policy in Europe after 1945

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Publisher : Springer
ISBN 13 : 1137329904
Total Pages : 388 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Industrial Policy in Europe after 1945 by : C. Grabas

Download or read book Industrial Policy in Europe after 1945 written by C. Grabas and published by Springer. This book was released on 2014-03-31 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bringing together renowned scholars in the field with younger researchers, this interdisciplinary study of the history of post-war industrial policy in Europe investigates transfers across borders and locates industrial policy in the context of the Cold War from a global perspective.

Optimal Decisions In Markets And Planned Economies

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Publisher : Routledge
ISBN 13 : 1000308375
Total Pages : 332 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Optimal Decisions In Markets And Planned Economies by : Richard Quandt

Download or read book Optimal Decisions In Markets And Planned Economies written by Richard Quandt and published by Routledge. This book was released on 2019-09-03 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much research into the economics of socialist planned economies has emphasized macroeconomic issues central to setting and meeting macroeconomic goals, and research on the theory of the firm in capitalist economies is not generally relevant to socialist economies. In this volume, leading economists from both East and West fill the gap in the literature by examining in critical detail many different aspects of the microeconomics of the firm in socialist economies.

Inflation Stabilization and Economic Transformation in Poland

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Publisher : International Monetary Fund
ISBN 13 : 1451849109
Total Pages : 62 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Inflation Stabilization and Economic Transformation in Poland by : Mr.Timothy D. Lane

Download or read book Inflation Stabilization and Economic Transformation in Poland written by Mr.Timothy D. Lane and published by International Monetary Fund. This book was released on 1991-07-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews the experience of 1990, the first year of Poland’s program of stabilization and reform. The background is described, including previous reform efforts and the crisis of the late 1980s. Then the various elements of the program are discussed, including fiscal adjustment, wage controls, the possibility of an initial liquidity overhang, the exchange rate anchor, and structural reforms. The initial results of the program are assessed, and alternative explanations of the decline in output are considered.

A Guide to Modern Economics

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Publisher : Routledge
ISBN 13 : 1134761503
Total Pages : 624 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis A Guide to Modern Economics by : Michael Bleaney

Download or read book A Guide to Modern Economics written by Michael Bleaney and published by Routledge. This book was released on 1996-07-04 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work provides a valuable review of the most important developments in economic theory and application over the last decade. Comprising twenty-seven specially commissioned overviews, the volume presents a comprehensive and student-friendly guide to contemporary economics. Previously published by Routledge as part of the Companion to Contemporary Economic Thought, these essays are made available here for the first time in a concise paperback edition. A Guide to Modern Economics will be a valuable guide to all those who wish to familiarize themselves with the most recent developments in the discipline.

Forced Savings and Repressed Inflation in the Soviet Union

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Publisher : International Monetary Fund
ISBN 13 : 1451847556
Total Pages : 62 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Forced Savings and Repressed Inflation in the Soviet Union by : Mr.Mario I. Bléjer

Download or read book Forced Savings and Repressed Inflation in the Soviet Union written by Mr.Mario I. Bléjer and published by International Monetary Fund. This book was released on 1991-06-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: In countries such as the Soviet Union, where wealth is mainly stored in monetary assets, the behavior of the money to income ratio is a poor indicator of the growth of undesired monetary balances (monetary overhang). In those countries a monetary overhang is primarily a wealth overhang, which has to be analyzed by evaluating deviations of actual from desired wealth holdings; this requires an empirical analysis of consumption and saving decisions. In this paper, we present estimates of a consumption function for the Soviet Union, from which an evaluation of the monetary overhang existing at the end of 1990 is derived.

The Savings Collapse During the Transition in Eastern Europe

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Savings Collapse During the Transition in Eastern Europe by : Cevdet Denizer

Download or read book The Savings Collapse During the Transition in Eastern Europe written by Cevdet Denizer and published by World Bank Publications. This book was released on 2000 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition economies of Eastern Europe almost uniformly experienced a precipitous plunge in savings rates - from levels above 30 percent of GDP to levels about half that - early in the transition, before rebounding slightly. Did savings collapse because involuntary savings were eliminated (when goods became available for purchase) or because of a change in equilibrium savings, reflecting the changed economic circumstances and long-term prospects?

Link Proceedings 1991, 1992

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Publisher : World Scientific
ISBN 13 : 981449707X
Total Pages : 364 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis Link Proceedings 1991, 1992 by : Bert G Hickman

Download or read book Link Proceedings 1991, 1992 written by Bert G Hickman and published by World Scientific. This book was released on 1998-10-30 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book covers two years of research activities associated with Project LINK, which is based on a model of the world economy, covering 79 countries or regional groupings of countries. Papers dealing with interesting thematic issues were carefully selected and expanded into full articles. The subjects studied by various LINK participants for reporting at annual meetings include exchange rate systems, international investment, environmental protection, international economic institutions, LINK system improvements, and international economic policy. As always, there are contributions dealing with methodological advances for world modeling. Contents:European Issues:The Implications of a Single European Currency and Monetary Policy: Prospects and Policy Issues (N C Garganas)The Degree of Convergence Within the EMS (S G Hall et al.)Is the Bundesbank Different from Other Central Banks? (M Funke & S G Hall)Testing for Purchasing Power Parity and Interest Rate Parities on Norwegian Data (A S Jore et al.)Large Econometric Models for the Period of Transition (The Polish Case) (W Welfe)Environmental Issues:International Aspects of Carbon Taxation (R K Kaufmann & P Pauly)Long-Term Impacts of Carbon Taxes on Global Environment and Growth (S Shishido)Macroeconomic Impacts of CO2 Reduction Policies (H Glueck & S P Schleicher)Development Economics:Industrial Policy in Korea: Past Experiences and Future Directions (O-S Hyun)The Pursuit of New Economic Diplomacy: Economic Cooperation Between Korea and Russia (O-S Hyun)South–North Investment by Developing Countries in the EC: A Sign of the Emergence of New Investors (S Page)Economic Cooperation in Asia: NIEs and ASEAN (M Toida)Statistical and Econometric Methodology:The Treatment of Expectations Effects in Large Scale Models (S G Hall & A Garratt)Some Comments and Proposals on the Statistical Infrastructure and Regional Information System for the Black Sea Economic Cooperation (BSEC) Countries (O Güvenen)A Monthly Econometric Model for Turkey, January 1981 – June 1991 (S Özmucur)SAM-Based Short-Term Forecasting Model for a Small Developing Oil Economy: The Congo (J K Thisen)Pricing to Market: Exploring New Export Price Equations for the LINK Model (B Gangnes et al.) Readership: Economists, bankers and economic policy makers. keywords:

Macroeconometric Models

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Publisher : Springer Science & Business Media
ISBN 13 : 3642344682
Total Pages : 435 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Macroeconometric Models by : Władysław Welfe

Download or read book Macroeconometric Models written by Władysław Welfe and published by Springer Science & Business Media. This book was released on 2013-02-15 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and specific structure of macroeconometric models built in North America, Europe, and various other parts of the world. The work thus offers an extensive source for researchers in the field. The second part of the book covers the systematic characteristics of macroeconometric models. It includes the household and enterprise sectors, disequilibria, financial flows, and money market sectors.

Companion to Contemporary Economic Thought

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Publisher : Routledge
ISBN 13 : 113497339X
Total Pages : 871 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis Companion to Contemporary Economic Thought by : Michael Bleaney

Download or read book Companion to Contemporary Economic Thought written by Michael Bleaney and published by Routledge. This book was released on 1992-01-09 with total page 871 pages. Available in PDF, EPUB and Kindle. Book excerpt: * 41 in-depth essays cover current economic theory and applied economics in a single, comprehensive volume * Interfaces section considers economics as it relates to other disciplines * Extensive notes, bibliographies and suggestions for further reading; detailed index of Topics and People `A treasure-house of stimulating argument and vast amounts of, mostly, well marshalled information. The market for general survey volumes, while already crowded, should surely find room for this offering.' - The World Economy `The work under review scores very high marks.' - The Economic Journal `The chapters are written by people who are excellently qualified and frequently well-known in their field ... The book's strengths lie in the range of contributors, the very high quality of most of the contributors and its emphasis on applied economics. For these reasons alone it is an important book, which will be invaluable both to students and to economists wishing to learn about developments in other branches of their discipline.' - Economica

The Collected Essays of Richard E. Quandt

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782543176
Total Pages : 876 pages
Book Rating : 4.5/5 (431 download)

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Book Synopsis The Collected Essays of Richard E. Quandt by : Richard E. Quandt

Download or read book The Collected Essays of Richard E. Quandt written by Richard E. Quandt and published by Edward Elgar Publishing. This book was released on 1992-01-01 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt: Professor Richard Quandt has made a major contribution to the development of economics in the 20th century. The range and significance of his work has long required a collection of his essays which will allow his contribution to be assessed as a whole. Despite an early interest in microeconomic theory, Richard Quandt has devoted most of his career to econometrics and, in particular, modal split estimation. More recently his work has focused on the econometrics of disequilibrium models with reference to both free market and planned economies. As well as outlining his many articles in microtheory, general econometrics, disequilibrium modeling, financial economics and the economics of planned economies, this collection should have a particular value for all scholars interested in the emergence of the new economies in Eastern Europe, a subject to which Professor Quandt has applied himself in recent years. This book includes an introduction by Professor Quandt describing his early life in Budapest and the circumstances which led him to study economics in America.