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Macroeconomic disequilibrium models of Poland

  • Wladyslaw Welfe
Part of the International Studies in Economic Modelling book series (ISIM)

Abstract

The early multisectoral models of the Polish economy of the 70s: KP1 and KP2 (Maciejewski, 1976, 1980) and W1, W3 (Welfe 1973; Czyzewski, Debski and Welfe, 1976) assumed that the national economy, its main sectors and markets are, in principle, balanced.1 The imbalances were temporary and thus did not require special treatment (the use of dummies was advocated by Pawlowski, 1960 and Kolupa, 1965). This was based on the belief that the planners’ activities at the stage of plan construction are consistent, i.e. that they bring the requirements and resources to a balance and that the central management system using commands can ensure — mainly through quantitative adjustment — balanced implementation of the plans.

Keywords

Labour Supply Foreign Trade Consumer Good Consumer Demand Excess Demand 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Chapman and Hall Ltd 1989

Authors and Affiliations

  • Wladyslaw Welfe

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