Macroeconomic Planning and Disequilibrium: Estimates for Poland, 1955-1980

Portes, Richard, et al
Authors registered in the RePEc Author Service: Richard Portes

Econometrica, 1987, vol. 55, issue 1, 19-41

Abstract: The authors specify and estimate a four-equation disequilibrium model of the consumption goods market in a centrally planned econo my. This work is based on previous papers of R. Portes and D. Winter_(1977) and W. Charemza and R. Quandt_(1982). The model contains a household demand equation , a planners' supply equation, a "min" condition and plan adjustment equation through which plan formation becomes endogenous. The paper uses a unique new data set of time series for plans for the major macroeconomic variables in Poland. The overall framework is applicable to any large organization which plans economic variables. Coauthors are Richard E. Quandt, David Winter, and Stephen Yeo. Copyright 1987 by The Econometric Society.

Date: 1987
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Citations: View citations in EconPapers (6)

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Working Paper: Macroeconomic Planning and Disequilibrium: Estimates for Poland, 1955-1980 (1983)
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