Modeling an Alternative Socioeconomic Mechanism

Mihailov, B. (1982). Modeling an Alternative Socioeconomic Mechanism. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-82-021

Preview

Text WP-82-021.pdf Download (839kB) | Preview

Abstract

In some centrally planned economies, experiments with different economic mechanisms have been carried out for many years. This tendency has encouraged decentralized decisionmaking, indirectly influenced by the use of certain policy instruments on a central level. Up until the present time, changes in the economic mechanism have been based on a 'trial and error' approach, which does not allow the realizability of the proposed changes t o be demonstrated.

In this paper changes in the economic mechanism are analyzed and a comparison is made between these changes and the conditions in existence before the economic reform. Conclusions are based on the results of the models used to simulate such changes. Thus, some proposals for altering both the implementation conditions of the economic mechanism and the directions in modeling the national economy are specified.

Actions (login required)

View Item