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Macroeconomic disequilibrium in centrally planned economies: Comment

โœ Scribed by Richard Portes; Richard E Quandt


Book ID
116095551
Publisher
Elsevier Science
Year
1989
Tongue
English
Weight
266 KB
Volume
13
Category
Article
ISSN
0147-5967

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Aggregation of slack and shortage in cen
โœ John P. Burkett ๐Ÿ“‚ Article ๐Ÿ“… 1991 ๐Ÿ› Springer US ๐ŸŒ English โš– 136 KB

Tsang Shu-ki (1990) is quite right in stating that aggregation under conditions typical of centrally planned economies (CPEs) is problematic and that results obtained to date are by no means definitive. While commending his effort to "identify the key problems that remain unsolved" (p. 1), I would l