Restructuring Incentives in Hungary

Béla Csikós-Nagy

Chapter 9 in Economic Incentives, 1986, pp 258-278 from Palgrave Macmillan

Abstract: Abstract The peculiarities with incentives in socialist planned economies derive from two circumstances. They derive first of all from the point that productive units are socialized. In the state-owned sector the government exerts property rights, and thus it has to determine success criteria. The second peculiarity stems from the comprehensive organizational function of the government in economic performance; it has to decide the way and mode of combination of directives and incentives in the regulation of economic processes.

Keywords: Exchange Rate; Foreign Trade; World Market Price; Economic Instrument; Equilibrium Exchange Rate (search for similar items in EconPapers)
Date: 1986
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DOI: 10.1007/978-1-349-18204-6_9

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