English, Article, Journal or magazine article edition: Problems of Transition from a Planned to a Market Economy Wilhelm Krelle

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Bookmark: http://trove.nla.gov.au/version/52571
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Problems of Transition from a Planned to a Market Economy
Author
  • Wilhelm Krelle
Physical Description
  • preprint
Notes
  • The paper shows that a transition from a planned to a market economy implies an important change of the structure of production, i. e. a reallocation of resources which takes time and induces sufferings for some people. These sufferings may be reduced by subsidization of some sectors, with some negative effects on GDP and growth if subsidization exceeds a certain size. The time tillthe economy in transition reaches an ``old" market economy (asymptotically or totally) is estimated by different methods. Finally other problems, mostly non--economic ones, which are connected with the transition process are discussed.
  • transition, planned economy, market economy
  • RePEc:bon:bonedp:bgse4_2000
Language
  • English
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