Corvinus
Corvinus

Adaptability of nonlinear equilibrum models to central planning

Zalai, Ernő (1983) Adaptability of nonlinear equilibrum models to central planning. Acta Oeconomica, 30 (3-4). pp. 433-446.

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Abstract

Linear multisectoral models have for long been applied in the Hungarian national economic planning. Price-quantity correspondences and interaction, however, cannot easily be taken into account in the traditional linear framework. Computable general equilibrium modelers in the West have developed techniques which use extensively price-quantity interdependences. However, since they are usually presented with the controversial strict neoclassical interpretation, the possibility of their adaptation to socialist planning models has been concaled. This paper reflects on some results of a research investigating the possible adaptation of eqailibrium modeling techniques to central planning models.

Item Type:Article
Subjects:Mathematics, Econometrics
ID Code:2199
Deposited By: Ádám Hoffmann
Deposited On:19 Jan 2016 11:26
Last Modified:19 Jan 2016 11:26

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