Money, Incentives and Efficiency in the Hungarian Economic Reform
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A01=Istvan Dobozi
A01=Joseph C. Brada
allocative efficiency
Allocative Inefficiency
Author_Istvan Dobozi
Author_Joseph C. Brada
Average Profit Rate
Capital Labor Ratio
Capital Participation
Category=JPH
Category=KCB
Cheap Foreign Credits
Cobb Douglas Production Function
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Firm Specific Interventions
Firm Specific Measures
fiscal deficit
fiscal policy analysis
Hicks Neutral Technical Change
High Profitability Firms
Hungarian Economic Reform
Hungarian economic reforms
Hungarian Industry
inflation dynamics
Intra-industry Trade
labor market reforms
Long Term Price Elasticities
National Planning Act
Normal Costs
Optimal Capital Labor Ratio
post-socialist transition
Private Market Economies
regulated market economy challenges
resource allocation theory
Restrictive Macroeconomic Policy
SITC
Social Reproduction
Socioeconomic Development
Soviet Type Economic System
state ownership reduction
West Germany
Workday Photographing
Product details
- ISBN 9780873325660
- Weight: 480g
- Dimensions: 152 x 229mm
- Publication Date: 30 Sep 1990
- Publisher: Taylor & Francis Inc
- Publication City/Country: US
- Product Form: Hardback
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The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.
Josef C. Brada Professor of Economics, Arizona State University; editor of Journal of Comparative Economics and co-editor of Soviet and Eastern European Foreign Trade. Istváh Dobozi Department Head, Research Institute for the World Economy, Hungarian Academy of Sciences.
