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Cycles and Stagnation in Socialist Economies: A Mathematical Analysis (Hardback)

Andras Simonovits

Edité par John Wiley and Sons Ltd, United Kingdom, 1992
ISBN 10: 0631176799 / ISBN 13: 9780631176794
Neuf(s) / Hardback / Quantité : 1
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Titre : Cycles and Stagnation in Socialist Economies...

Éditeur : John Wiley and Sons Ltd, United Kingdom

Date d'édition : 1992

Reliure : Hardback

Etat du livre : New

Edition : New..

Description :

Language: English . Brand New Book. Throughout central and Eastern Europe, the future of the socialist economic system is being called sharply into question. This book represents an extension and consolidation of the programme of work begun by Janos Kornai in Growth, Shortage and Efficiency and examines the causes of the macroeconomic problems embedded in centrally planned economies which now face their reformers. Andras Simonovits asks three key questions: Why and how did investment activity fluctuate in the sixties? Why did the growth rate decelerate in the seventies? What was the reason for the stagnation of the eighties? The author constructs a series of analytic mathematical models of cycles and slowdown to explore these questions. The first part of the book is devoted to the investment cycles of the east European socialist economies and the negative effect of long completion times and high net import ratios. Part II models the slowdown and stagnation of the post-1973 period and in particular changes in the efficiency of investment and the terms of trade. The results point to the failure of the socialist economies to adapt quickly enough to falling investment effectiveness and rising debt. N° de réf. du libraire AAH9780631176794

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Synopsis : Throughout Central and Eastern Europe the future of the socialist economic system is being called sharply into question. This book represents an extension and consolidation of the programme of work begun by Janos Kornai in Growth, Shortage and Efficiency and examines the causes of the macroeconomic problems embedded in centrally planned economies which now face their reformers.

Andras Simonovits asks three key questions: Why and how did investment activity fluctuate in the sixties? Why did the growth rate decelerate in the seventies? What was the reason for the stagnation of the eighties?

The author constructs a series of analytic mathematical models of cycles and slowdown to explore these questions. The first part of the book is devoted to the investment cycles of the East European socialist economies and the negative effect of long comletion times and high net import ratios. Part II models the slowdown and stagnation of the post?1973 period and in particular changes in the efficiency of investment and the terms of trade. The results point to the failure of the socialist economices to adapt quickly enough to falling investment effectiveness and rising debt.

Andras Simonovits rigorous and wide?ranging study is an important contribution to the literature on socialist economies and will do much to inform the debate over their transition.

A propos de l'auteur: Andras Simonovits is a Senior Scientific Researcher in the Institute of Economics, hungarian Academy of Sciences. He has published widely on the macroeconomics of the socialist economy, both alone and with Janos Kornai.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

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