Disequilibrium models of the Czechoslovak economy

  • Vladimir Dlouhy
Part of the International Studies in Economic Modelling book series (ISIM)


In this chapter an attempt is made to include the problems of shortage and disequilibrium within the framework of a macroeconometric model of the Czechoslovak economy, in the belief that macroeconometric modelling of centrally planned economies (CPEs) is feasible and can be based on technological and behavioural regularities, well mirrored in the data. The author is strongly convinced of the need to base the whole approach to econometric modelling on the appropriate macroeconomic theory for centrally planned economies. This is a very ambitious goal (which is unlikely to be achieved in the present chapter).


Disposable Income Excess Demand Consumption Good Consumer Durable Global Equilibrium 
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Copyright information

© Chapman and Hall Ltd 1989

Authors and Affiliations

  • Vladimir Dlouhy

There are no affiliations available

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