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Plans and Exogeneity: The Genetic-Teleological Dispute Revisited

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  • Charemza, Wojciech W
  • Kiraly, Julia

Abstract

This paper presents empirical results testing the nature of output in output-plans relations for net material product and consumption for seven European CMEA countries, 1960-1985. The dispute between the genetic and teleological schools of central planning is discussed. In general, a plan is defined as teleological if its conditional distribution does not contain information on output. It is found that the hypothesis of teleological planning can be maintained (with some reservations) for the U.S.S.R. and that of genetic planning for Hungary. For the remaining countries examined, results are less conclusive. Copyright 1990 by Royal Economic Society.

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  • Charemza, Wojciech W & Kiraly, Julia, 1990. "Plans and Exogeneity: The Genetic-Teleological Dispute Revisited," Oxford Economic Papers, Oxford University Press, vol. 42(3), pages 562-573, July.
    • Handle: RePEc:oup:oxecpp:v:42:y:1990:i:3:p:562-73
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    Cited by:

    1. Adolfo Sachsida & Mário Jorge Cardoso de Mendonça, 2006. "Domestic Saving and Investment Revised: Can the Feldstein-Horioka Equation be Used for Policy Analysis?," Discussion Papers 1158, Instituto de Pesquisa Econômica Aplicada - IPEA.

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