G2TT
来源类型Monograph (IIASA Working Paper)
规范类型论文
Can We Delineate Potential Output for an Economy in Transition? Search for a Benchmark.
Barta V
发表日期1994
出版者IIASA, Laxenburg, Austria: WP-94-051
出版年1994
语种英语
摘要This paper was stimulated by a striking discrepancy which exists between the frequency with which the concept of potential output is dealt with in every basic macroeconomic textbook and nearly complete absence of any comprehension of what might have happened to potential output in economies in transition. Although the search for this macroeconomic pivotal point may look like solving an intellectual puzzle, the real challenge lies in implications of changes in potential output for effective policy-making during the transformation period. This paper points out some weaknesses of applying standard macroeconomic concepts (like Okun's law) and illuminates the necessity of using indirect and mezzo-economic approaches. Despite the difficulty of making a new definition of potential output operational, this paper suggests the usefulness of introducing a kind of transformation bridge which should methodologically facilitate understanding the concept of potential output when moving from a centrally planned economy to a market one.
主题Economic Transition and Integration (ETI)
URLhttp://pure.iiasa.ac.at/id/eprint/4159/
来源智库International Institute for Applied Systems Analysis (Austria)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/124279
推荐引用方式
GB/T 7714
Barta V. Can We Delineate Potential Output for an Economy in Transition? Search for a Benchmark.. 1994.
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