Verfügbarkeit: Growth Slowdown in Bureaucratic Economic Systems

Growth Slowdown in Bureaucratic Economic Systems: An Issue Revisited

Bureaucratically organized systems tend to be less efficient than economies in which agents are free to choose their output targets, as well as the means to meet them. This paper presents a simple model of planner-manager interactions and shows how bureaucratic economies can end up in a low-effort,...

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1. Verfasser:	Bulir, Ales (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 2001
Schriftenreihe:	IMF Working Papers Working Paper No. 01/6
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext
Zusammenfassung:	Bureaucratically organized systems tend to be less efficient than economies in which agents are free to choose their output targets, as well as the means to meet them. This paper presents a simple model of planner-manager interactions and shows how bureaucratic economies can end up in a low-effort, low-growth equilibrium even though they may have started in high-effort , high-growth equilibrium. The empirical evidence from eight Central and Eastern European countries during 1948-49 is consistent with our model results, namely, that the growth decline was systemic in nature. The results are applicable to countries in other regions with heavy bureaucratic involvement in the economy
Beschreibung:	1 Online-Ressource (36 p)
ISBN:	1451842295 9781451842296

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spelling	Bulir, Ales Verfasser aut Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited Bulir, Ales Washington, D.C International Monetary Fund 2001 1 Online-Ressource (36 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 01/6 Bureaucratically organized systems tend to be less efficient than economies in which agents are free to choose their output targets, as well as the means to meet them. This paper presents a simple model of planner-manager interactions and shows how bureaucratic economies can end up in a low-effort, low-growth equilibrium even though they may have started in high-effort , high-growth equilibrium. The empirical evidence from eight Central and Eastern European countries during 1948-49 is consistent with our model results, namely, that the growth decline was systemic in nature. The results are applicable to countries in other regions with heavy bureaucratic involvement in the economy Online-Ausg Brixiova, Zuzana Sonstige oth http://elibrary.imf.org/view/IMF001/02966-9781451842296/02966-9781451842296/02966-9781451842296.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Bulir, Ales Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited
title	Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited
title_auth	Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited
title_exact_search	Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited
title_exact_search_txtP	Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited
title_full	Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited Bulir, Ales
title_fullStr	Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited Bulir, Ales
title_full_unstemmed	Growth Slowdown in Bureaucratic Economic Systems An Issue Revisited Bulir, Ales
title_short	Growth Slowdown in Bureaucratic Economic Systems
title_sort	growth slowdown in bureaucratic economic systems an issue revisited
title_sub	An Issue Revisited
url	http://elibrary.imf.org/view/IMF001/02966-9781451842296/02966-9781451842296/02966-9781451842296.xml
work_keys_str_mv	AT bulirales growthslowdowninbureaucraticeconomicsystemsanissuerevisited AT brixiovazuzana growthslowdowninbureaucraticeconomicsystemsanissuerevisited

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