Hidden Investment Cycles in Socialist Economies
A special type of the investment cycles that occur in certain socialist economies, e.g., the Soviet Union, is modeled. The ratios of starts and commitments to the GDP fluctuate, while those of investment and net imports are constant. Since starts and commitments are seldom observed, these fluctuations are assigned the attribute hidden. The main results are as follows: (1) hidden investment cycles are compromises between two conflicting goals: reducing tension and stabilization; and (2) existence of cost overrun is neither necessary nor sufficient for the emergence of cycles. Copyright 1989 by The editors of the Scandinavian Journal of Economics.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 91 (1989)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9442|
|Order Information:||Web: http://www.blackwellpublishing.com/subs.asp?ref=0347-0520|
When requesting a correction, please mention this item's handle: RePEc:bla:scandj:v:91:y:1989:i:3:p:583-97. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.