IDEAS home Printed from https://ideas.repec.org/a/sek/jijoes/v4y2015i3p39-51.html
   My bibliography  Save this article

Specifics of Operational funding of enterprises under centrally planned economy ? theory and praxis in Czechoslovakia before 1989

Author

Listed:
  • Ale? Rod

    () (University of Economics)

  • Klára ?ermáková

    () (University of Economics)

Abstract

This paper deals with the system of operational funding of enterprises in a centrally planned economy. The analysis focuses on the case of Czechoslovak Socialist Republic before 1989. A tool analyzed in the paper ? credits for constantly revolving working capital ? had played the main role in the planned Czechoslovak economic system. These credits for constantly revolving working capital can be described as specific frameworks for loans based on forecasts and plans of volume of production made by Czechoslovak state institutions. The system had created inefficiencies in the economy and its heritage seriously influenced processes in the period of transformation after 1989, as the paper concludes.

Suggested Citation

  • Ale? Rod & Klára ?ermáková, 2015. "Specifics of Operational funding of enterprises under centrally planned economy ? theory and praxis in Czechoslovakia before 1989," International Journal of Economic Sciences, International Institute of Social and Economic Sciences, vol. 4(3), pages 39-51, September.
  • Handle: RePEc:sek:jijoes:v:4:y:2015:i:3:p:39-51
    as

    Download full text from publisher

    File URL: http://iises.net/international-journal-of-economic-sciences/publication-detail-214
    Download Restriction: no

    File URL: http://iises.net/international-journal-of-economic-sciences/publication-detail-214?download=3
    Download Restriction: no

    References listed on IDEAS

    as
    1. Sachs, Jeffrey D, 1996. "The Transition at Mid Decade," American Economic Review, American Economic Association, vol. 86(2), pages 128-133, May.
    2. Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766.
    3. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    4. Eric Maskin & Chenggang Xu, 2001. "Soft budget constraint theories: From centralization to the market," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 9(1), pages 1-27, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    central planning; socialism; banking; corporate finance; operational funding; credits for constantly revolving stocks; inefficiencies;

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sek:jijoes:v:4:y:2015:i:3:p:39-51. 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: (Klara Cermakova). General contact details of provider: https://ijoes.iises.net/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.