Plans And Disequilibria In Centrally Planned Economies

Plans and Disequilibria in Centrally Planned Economies PDF
Author: W. Charemza
Publisher: Elsevier
ISBN: 1483297470
Size: 14.57 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 198
View: 2046

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The purpose of this study is to investigate interrelations between planning mechanisms and disequilibria in a case where the planning decisions are centralized and are exogenously given to enterprises. The first introductory chapter is intended to provide an understanding of Poland's economic situation during the period under research. In the next five chapters the basic model, describing the households-planners relations in terms of consumption, labour, money and plans are derived, estimated, used for calculation of excess demands, for simulation of some monetary policies, and, finally, for providing optimal control experiments in which consumption excess demand is minimized on a reasonable level of the consumption volume. In the next two chapters the basic model is gradually extended, and the last chapter summarizes the results by formulating a more effective macroeconomic policy.

Taxation In Centrally Planned Economies

Taxation in Centrally Planned Economies PDF
Author: P.T. Wanless
Publisher: Routledge
ISBN: 1351107194
Size: 32.83 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 154
View: 3597

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Economists studying comparative economic systems have generally neglected the important question of taxation in socialist countries. This is somewhat surprising since taxation plays an important role in the regulation of economic activity in these countries. This book, first published in 1985, aims to restore the study of taxation to its rightful role in comparative economic studies. It stresses the importance of taxation and the state budget and argues that these are tools of economic policy which complement central economic planning.

Macroeconomic Planning And Disequilibrium

Macroeconomic Planning and Disequilibrium PDF
Author: Richard Portes
Publisher:
ISBN:
Size: 68.51 MB
Format: PDF, ePub
Category : Consumption (Economics)
Languages : en
Pages : 40
View: 855

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This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy(CPE). The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets are complete. This work is based on previous papers of Portes and Winter (P-W) and Charemza and Quandt(C-Q).P-W applied to each of four CPEs a discrete-switching disequilibrium model with a household demand equation for consumption goods, a planners' supply equation, and a "min" condition stating that the observed quantity transacted is the lesser of the quantities demanded and supplied. C-Q considered how an equation for the adjustment of planned quantities could be integrated into a CPE model with fixed prices and without the usual price adjustment equation. They made plan formation endogenous and permitted the resulting plan variables to enter the equations determining demand and supply. This paper implements the C-Q proposal in the P-W context. It uses a unique new data set of time series for plans for the major macroeconomic variables in Poland and other CPEs. The overall framework is applicable to any large organization which plans economic variables

Planning The Consumption Goods Market

Planning the Consumption Goods Market PDF
Author: Richard Portes
Publisher:
ISBN:
Size: 71.74 MB
Format: PDF, Kindle
Category : Consumption (Economics)
Languages : en
Pages : 19
View: 635

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This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy (CPE). The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets are complete. The work reported here is based on previous papers of Portes and Winter and Charernza and Quandt. Portes-Winter applied to eachof four CPEs a discrete-switching disequilibrium model with a household demand equation for consumption goods, a planners'supply equation, and a "min" condition stating that the observed quantity transacted is the lesser of the quantities demanded and supplied. Charemza-Quandt considered how an equation for the adjustment of planned quantitites could be integrated into a CPE model with fixed prices and without the usual price adjustment equation. They made plan formation endogenous and permitted the resulting plan variables to enter the equations determining demand and supply. This paper implements the Charemza-Quandt proposal in the Portes-Winter context. It uses a unique new data set of time series for plans for the major macroeconomic variables in Poland and other CPEs. The overall framework is applicable to any large organisation which plans economic variables

Models Of Disequilibrium And Shortage In Centrally Planned Economies

Models of Disequilibrium and Shortage in Centrally Planned Economies PDF
Author: C.M. Davis
Publisher: Springer Science & Business Media
ISBN: 9400908237
Size: 20.85 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 520
View: 3187

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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.

Macroeconomic Planning And Disequilibrium

Macroeconomic Planning and Disequilibrium PDF
Author: Richard D. Portes
Publisher:
ISBN:
Size: 43.89 MB
Format: PDF, Docs
Category :
Languages : en
Pages : 23
View: 1263

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This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy(CPE).The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets are complete.This work is based on previous papers of Portes and Winter (P-W) and Charemza and Quandt(C-Q).P-W applied to each of four CPEs a discrete-switching disequilibrium model with a household demand equation for consumption goods, a planners' supply equation, and a "min" condition stating that the observed quantity transacted is the lesser of the quantities demanded and supplied.C-Q considered how an equation for the adjustment of planned quantities could be integrated into a CPE model with fixed prices and without the usual price adjustment equation.They made plan formation endogenous and permitted the resulting plan variables to enter the equations determining demand and supply.This paper implements the C-Q proposal in the P-W context.It uses a unique new data set of time series for plans for the major macroeconomic variables in Poland and other CPEs.The overall framework is applicable to any large organization which plans economic variables

Planning The Consumption Goods Market

Planning the Consumption Goods Market PDF
Author: Stephen Yeo
Publisher:
ISBN:
Size: 42.71 MB
Format: PDF, ePub, Mobi
Category :
Languages : en
Pages :
View: 2732

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This paper specifies and estimates a four-equation disequilibrium model of the consumption goods market in a centrally planned economy (CPE).The data are from Poland for the period 1955-1980, but the analysis is more general and will be applied to other CPEs as soon as the appropriate data sets are complete.The work reported here is based on previous papers of Portes and Winter and Charernza and Quandt.Portes-Winter applied to eachof four CPEs a discrete-switching disequilibrium model with a household demand equation for consumption goods, a planners'supply equation, and a "min" condition stating that the observed quantity transacted is the lesser of the quantities demanded and supplied.Charemza-Quandt considered how an equation for the adjustment of planned quantitites could be integrated into a CPE model with fixed prices and without the usual price adjustment equation.They made plan formation endogenous and permitted the resulting plan variables to enter the equations determining demand and supply.This paper implements the Charemza-Quandt proposal in the Portes-Winter context.It uses a unique new data set of time series for plans for the major macroeconomic variables in Poland and other CPEs.The overall framework is applicable to any large organisation which plans economic variables