Growth Slowdown in Bureaucratic Economic Systems : An Issue Revisited /

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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Bibliografske podrobnosti
Glavni avtor: Bulir, Ales
Drugi avtorji: Brixiova, Zuzana
Format: Revija
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2001.
Serija:IMF Working Papers; Working Paper ; No. 2001/006
Teme:
Bureaucracy
Economic System
Planned Economy
Production Function
WP
Czech Republic
Online dostop:Full text available on IMF
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020 |z 9781451842296 
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100 1 |a Bulir, Ales. 
245 1 0 |a Growth Slowdown in Bureaucratic Economic Systems :   |b An Issue Revisited /  |c Ales Bulir, Zuzana Brixiova. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (36 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a 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. 
538 |a Mode of access: Internet 
650 7 |a Bureaucracy  |2 imf 
650 7 |a Economic System  |2 imf 
650 7 |a Planned Economy  |2 imf 
650 7 |a Production Function  |2 imf 
650 7 |a WP  |2 imf 
651 7 |a Czech Republic  |2 imf 
700 1 |a Brixiova, Zuzana. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/006 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/006/001.2001.issue-006-en.xml  |z IMF e-Library 

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