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Author : John Bennett
Release : 1993
Genre : Economic stabilization
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Macroeconomic Equilibrium and Reform in a Transitional Economy by : John Bennett
Download or read book Macroeconomic Equilibrium and Reform in a Transitional Economy written by John Bennett. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:
Author : John Bennett
Release : 1993
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Macroeconomic Equilibrium and Reform in a Transitional Economy by : John Bennett
Download or read book Macroeconomic Equilibrium and Reform in a Transitional Economy written by John Bennett. This book was released on 1993. Available in PDF, EPUB and Kindle. Book excerpt:
Author : HUSNU. KIZILYLLI
Release : 2020-04-02
Genre :
Kind : eBook
Book Rating : 752/5 ( reviews)
Book Synopsis Economics of Transition by : HUSNU. KIZILYLLI
Download or read book Economics of Transition written by HUSNU. KIZILYLLI. This book was released on 2020-04-02. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this volume responded to the recent fall of the Soviet Union and looks at the process of transitioning away from Socialist economies, including case studies in the former Soviet Union, Poland, Hungary, China, East Germany and other Socialist countries. Taking the view that economic and political indicators suggest a lack of success in the post-Soviet transformation process, Kızılyallı argues that they have been unsuccessful due to poor planning. Kızılyallı notes an abandonment of the previous system and an ineffective implementation of market capitalism which have led to these negative outcomes. The new method developed herein provides a partial solution through estimating the correct exchange rate based on world prices and under conditions of macroeconomic equilibrium, while also allowing planning for sequencing market reforms. Reform issues are then discussed, followed by the reform experiences of Poland, Hungary, East Germany, China and the former Soviet Union. Lastly, developments in macroeconomic theory are reviewed in light of these case studies. Kızılyallı concludes that both neoclassical and new Keynesian theories fail to provide an economically meaningful framework for analysis of current economic and employment problems, nor for their cure.
Author : Hüsnü Kızılyallı
Release : 1998
Genre : Business & Economics
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Economics of Transition by : Hüsnü Kızılyallı
Download or read book Economics of Transition written by Hüsnü Kızılyallı. This book was released on 1998. Available in PDF, EPUB and Kindle. Book excerpt: In this volume a new forecasting and planning methodology is developed for transforming a socialist, closed and/or mixed economy to a free-market economy. The method assures macroeconomic equilibrium and interalia determines equilibrating (foreign) exchange, wages, rates and so on. Whereas the swith to a free-market system (based on international prices) is immediate, other reforms and restructuring can be made gradual, taking into account political, economic and social constraints. The methodology makes use of existing structures and capital stock during transition, as against complete destruction brought about under big bang approaches. The method gives a good estimate of effects of every reform measure taken, which implies superiority over other forecasting techniques.
Author : HUSNU. KIZILYLLI
Release : 2019-05-31
Genre :
Kind : eBook
Book Rating : 745/5 ( reviews)
Book Synopsis Economics of Transition by : HUSNU. KIZILYLLI
Download or read book Economics of Transition written by HUSNU. KIZILYLLI. This book was released on 2019-05-31. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this volume responded to the recent fall of the Soviet Union and looks at the process of transitioning away from Socialist economies, including case studies in the former Soviet Union, Poland, Hungary, China, East Germany and other Socialist countries. Taking the view that economic and political indicators suggest a lack of success in the post-Soviet transformation process, Kızılyallı argues that they have been unsuccessful due to poor planning. Kızılyallı notes an abandonment of the previous system and an ineffective implementation of market capitalism which have led to these negative outcomes. The new method developed herein provides a partial solution through estimating the correct exchange rate based on world prices and under conditions of macroeconomic equilibrium, while also allowing planning for sequencing market reforms. Reform issues are then discussed, followed by the reform experiences of Poland, Hungary, East Germany, China and the former Soviet Union. Lastly, developments in macroeconomic theory are reviewed in light of these case studies. Kızılyallı concludes that both neoclassical and new Keynesian theories fail to provide an economically meaningful framework for analysis of current economic and employment problems, nor for their cure.
