Identifying the most important systemic characteristics that have determined the behavior of Centrally Planned Economies (CPEs), is crucial for the choice of a transition path within the ongoing economic reforms in these countries. The empirical literature on the comparative behavior of CPEs and...

The present paper generalizes a linear cycle model of the socialist economy studied in Simonovits (1990): the two equations describing the reproduction of the tensions are retained, while the two linear reaction equations are confined to the interval of lower and upper bounds; outside these...

Production function estimates are provided for Soviet production and gross national product for the period 1950-86. A variety of alternative specifications is tested, including Cobb-Douglas, constant elasticity of substitution and variable elasticity of substitution production functions, and an...

This paper examines the effects of partial information on volatility and on the design of simple feedback rules in a rational expectations context. Previous studies have investigated these effects using small analytical models. Here we emply an empirical two-bloc model derived from the OECD...

Implicitly or explicitly, economic decisions always contain elements of compromise. However, the bargaining models of economic theory treat only the two decision maker case with linearly aggregated priorities; i.e. compromise decisions under Pareto optimality and no side payments. Even then the...

The object of this paper is to demonstrate in economic terms the equivalence of the problem of aggregation in input-output analysis with coalition and bargaining problems. Depending on the specific norm for aggregation it is shown that the aggregation criterion and the coalition forming...

The information sector, delineated as encompassing activities associated with the production and dissemination of information goods and services, is recognized as a dynamic growth sector in developed as well as newly-industrializing countries. Using an input-output methodology, this paper...