Computational Controversies in Disequilibrium and Shortage Modelling of Centrally Planned Economies.

C-Tier
Journal: Journal of Economic Surveys
Year: 1989
Volume: 3
Issue: 4
Pages: 305-24

Score contribution per author:

1.009 = (α=2.02 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Most disequilibrium and shortage models of centrally planned economies fall into three categories: testable excess demand (the Portes school), disequilibrium indicators, and Kornai's economics of shortage. These models have generated numerous controversies and conflicting empirical results. However, this paper argues that some disputes are not caused by the theoretical features of the models but rather by the utilization of different estimation methods that are not directly comparable. This suggests that several controversies are more apparent than real and can be resolved through the improvement of computational techniques and statistical hypothesis testing theory. Copyright 1989 by Blackwell Publishers Ltd

Technical Details

RePEc Handle
repec:bla:jecsur:v:3:y:1989:i:4:p:305-24
Journal Field
General
Author Count
1
Added to Database
2026-01-25