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Central Planners as Market Stabilizers: Evidence from Poland and the Soviet Union

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  • Brada, Josef C
  • King, Arthur E

Abstract

The ability of planners in Poland and the U.S.S.R. to recognize and act to eliminate market disequilibrium in the markets for grain and meat is tested by means of an econometric model of grain and meat production, consumption, and trade. Planners' perceptions of excess demand for grain, meat, and foreign exchange are shown to influence production and trade decisions in a way that tends to reduce excess demand or supply. Nevertheless, the markets for grain, meat, and foreign exchange are shown to be characterized by excess demand or supply for much of the sample period. Copyright 1992 by MIT Press.

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  • Brada, Josef C & King, Arthur E, 1992. "Central Planners as Market Stabilizers: Evidence from Poland and the Soviet Union," The Review of Economics and Statistics, MIT Press, vol. 74(1), pages 1-13, February.
    • Handle: RePEc:tpr:restat:v:74:y:1992:i:1:p:1-13
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    Cited by:

    1. Bird, Edward J. & Frick, Joachim R. & Wagner, Gert G., 1998. "The Income of Socialist Upper Classes during the Transition to Capitalism: Evidence from Longitudinal East German Data," Journal of Comparative Economics, Elsevier, vol. 26(2), pages 211-225, June.

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