Price Reform and Durable Goods in the Transition to a Market Economy

Price Reform and Durable Goods in the Transition to a Market Economy PDF Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN: 1451972911
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock of durables, and the velocity of money in the transition period between reform announcement and reform implementation is characterized, in the presence and absence of uncertainty about the transition date.

Price Reform and Durable Goods in the Transition to a Market Economy

Price Reform and Durable Goods in the Transition to a Market Economy PDF Author: Pierre-Richard Agénor
Publisher: International Monetary Fund
ISBN: 1451972911
Category : Business & Economics
Languages : en
Pages : 36

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Book Description
The paper examines the short- and long-term effects of price liberalization in a reforming socialist economy. The analysis is based on an optimizing framework that highlights hoarding behavior and the existence of parallel goods markets. The behavior of official and parallel market prices, stock of durables, and the velocity of money in the transition period between reform announcement and reform implementation is characterized, in the presence and absence of uncertainty about the transition date.

The World Bank Research Observer

The World Bank Research Observer PDF Author:
Publisher:
ISBN:
Category : Computer network resources
Languages : en
Pages : 300

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Book Description


Trade Liberalization

Trade Liberalization PDF Author: Romain Wacziarg
Publisher: Edward Elgar Publishing
ISBN: 9781788111492
Category : Free trade
Languages : en
Pages : 0

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Book Description
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.

The Political Logic of Economic Reform in China

The Political Logic of Economic Reform in China PDF Author: Susan L. Shirk
Publisher: Univ of California Press
ISBN: 0520912217
Category : History
Languages : en
Pages : 411

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Book Description
In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chinese communist political institutions are more flexible and less centralized than their Soviet counterparts were. Shirk pioneers a rational choice institutional approach to analyze policy-making in a non-democratic authoritarian country and to explain the history of Chinese market reforms from 1979 to the present. Drawing on extensive interviews with high-level Chinese officials, she pieces together detailed histories of economic reform policy decisions and shows how the political logic of Chinese communist institutions shaped those decisions. Combining theoretical ambition with the flavor of on-the-ground policy-making in Beijing, this book is a major contribution to the study of reform in China and other communist countries. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1994. In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chine

How China Escaped Shock Therapy

How China Escaped Shock Therapy PDF Author: Isabella M. Weber
Publisher: Routledge
ISBN: 042995395X
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
China has become deeply integrated into the world economy. Yet, gradual marketization has facilitated the country’s rise without leading to its wholesale assimilation to global neoliberalism. This book uncovers the fierce contest about economic reforms that shaped China’s path. In the first post-Mao decade, China’s reformers were sharply divided. They agreed that China had to reform its economic system and move toward more marketization—but struggled over how to go about it. Should China destroy the core of the socialist system through shock therapy, or should it use the institutions of the planned economy as market creators? With hindsight, the historical record proves the high stakes behind the question: China embarked on an economic expansion commonly described as unprecedented in scope and pace, whereas Russia’s economy collapsed under shock therapy. Based on extensive research, including interviews with key Chinese and international participants and World Bank officials as well as insights gleaned from unpublished documents, the book charts the debate that ultimately enabled China to follow a path to gradual reindustrialization. Beyond shedding light on the crossroads of the 1980s, it reveals the intellectual foundations of state-market relations in reform-era China through a longue durée lens. Overall, the book delivers an original perspective on China’s economic model and its continuing contestations from within and from without.

Reforming Finance in Transitional Socialist Economies

Reforming Finance in Transitional Socialist Economies PDF Author: Gerard Caprio
Publisher: World Bank Publications
ISBN:
Category : Bank loans
Languages : en
Pages : 44

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Book Description


Russian Economic Reform

Russian Economic Reform PDF Author: James Leitzel
Publisher: Routledge
ISBN: 1134802099
Category : Business & Economics
Languages : en
Pages : 203

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Book Description
Transitions from socialism to capitalism are complex, both in theory and practice. Russian Economic Reform enables the reader to come to a much better understanding of these momentous changes, by providing a clear and accessible account of the major features of transition. It argues that attempts to portray the reform process is a disaster are misconceived, because they fail to take account of just how badly the pre-reform economy was doing. Many of the problems that are emerging now have their antecedents in the earlier economic system.

Russian Economic Reform

Russian Economic Reform PDF Author: James Leitzel
Publisher: Psychology Press
ISBN: 0415125111
Category : Business & Economics
Languages : en
Pages : 203

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Book Description
Focuses on the actual pre-reform conditions including the widerspread private, informal economic activity.

Reforming China

Reforming China PDF Author: Dongtao Zhou
Publisher: Paths International Ltd
ISBN: 9814298034
Category : Business & Economics
Languages : en
Pages : 515

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Book Description
Enrich Series on China's Economic Reform illustrates China's Reform Experiences from an executive perspective. This book reviews the background to and achievements of China's economic reforms. It analyzes the reforms processes from the perspective of priv

Price Liberalization in a Reforming Socialist Economy

Price Liberalization in a Reforming Socialist Economy PDF Author: Mr.Domenico Fanizza
Publisher: International Monetary Fund
ISBN: 1451846371
Category : Business & Economics
Languages : en
Pages : 30

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Book Description
A bilateral search model of the commodity market is formulated to study the effects of liberalizing prices in a reforming socialist economy. The main result is that if the competitive structure of the economy is not quickly modified to eliminate supply rents, price liberalization may be accompanied by substantial output losses. A role for tax policy in limiting output losses is identified.