Models of Disequilibrium and Shortage in Centrally Planned Economies

Models of Disequilibrium and Shortage in Centrally Planned Economies

Author: C.M. Davis

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 504

ISBN-13: 9400908237

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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.


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.


Plans and Disequilibria in Centrally Planned Economics

Plans and Disequilibria in Centrally Planned Economics

Author: Wojciech Charemza

Publisher:

Published: 1988

Total Pages: 208

ISBN-13:

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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:


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

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

Author: Christopher Davis

Publisher:

Published: 1988

Total Pages: 86

ISBN-13:

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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:


European Industrial Policy

European Industrial Policy

Author: James Foreman-Peck

Publisher: Oxford University Press, USA

Published: 1999

Total Pages: 492

ISBN-13: 9780198289982

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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.


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

The Polish Economic Crisis

Author: Batara Simatupang

Publisher: Routledge

Published: 1993-11-11

Total Pages: 218

ISBN-13: 1134880855

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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.


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.


Industrial Policy in Europe after 1945

Industrial Policy in Europe after 1945

Author: C. Grabas

Publisher: Springer

Published: 2014-03-31

Total Pages: 352

ISBN-13: 1137329904

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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.


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 352 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.


The Socialist System

The Socialist System

Author: János Kornai

Publisher: Princeton University Press

Published: 2021-04-13

Total Pages: 675

ISBN-13: 0691228027

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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.


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

The Economics of the Global Defence Industry

Author: Keith Hartley

Publisher: Taylor & Francis

Published: 2019-11-08

Total Pages: 641

ISBN-13: 042988270X

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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.


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.


Optimal Decisions In Markets And Planned Economies

Optimal Decisions In Markets And Planned Economies

Author: Richard Quandt

Publisher: Routledge

Published: 2019-09-03

Total Pages: 332

ISBN-13: 1000308375

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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.


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

Inflation Stabilization and Economic Transformation in Poland

Author: Mr.Timothy D. Lane

Publisher: International Monetary Fund

Published: 1991-07-01

Total Pages: 62

ISBN-13: 1451849109

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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.


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.