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Author: Fahrettin Yagcı Publisher: ISBN: Category : Business & Economics Languages : en Pages : 44
Book Description
After a period of successful growth in the 1970s, Yugoslavia was hit very hard by a severe balance of payments crisis at the end of the 1970s that has overshadowed the economic scene since. What were the causes of the crisis? Could it have been averted through the adoption of alternative policies in the 1970s? What can be said about the adjustment policies pursued since 1980 in the light of the lessons of the 1970s? These questions are addressed in this paper with the help of some counterfactual policy simulations for the period 1973-79, using a macroeconomic model developed for the Yugoslav economy. The simulations yielded three main conclusions. First, the payments crisis was attributable to a deterioration in the policy environment, particularly with respect to the exchange rate, wages, and interest rates, although external shocks and/or excessive expansion of domestic demand have played an aggravating role. Second, the crisis could have been avoided with alternative macroeconomic policies. Third, Yugoslavia could have achieved external balance and satisfactory growth in investment and output since 1980 had the policy environment been reformed promptly and significantly.
Author: Fahrettin Yagcı Publisher: ISBN: Category : Business & Economics Languages : en Pages : 44
Book Description
After a period of successful growth in the 1970s, Yugoslavia was hit very hard by a severe balance of payments crisis at the end of the 1970s that has overshadowed the economic scene since. What were the causes of the crisis? Could it have been averted through the adoption of alternative policies in the 1970s? What can be said about the adjustment policies pursued since 1980 in the light of the lessons of the 1970s? These questions are addressed in this paper with the help of some counterfactual policy simulations for the period 1973-79, using a macroeconomic model developed for the Yugoslav economy. The simulations yielded three main conclusions. First, the payments crisis was attributable to a deterioration in the policy environment, particularly with respect to the exchange rate, wages, and interest rates, although external shocks and/or excessive expansion of domestic demand have played an aggravating role. Second, the crisis could have been avoided with alternative macroeconomic policies. Third, Yugoslavia could have achieved external balance and satisfactory growth in investment and output since 1980 had the policy environment been reformed promptly and significantly.
Author: Radmila Stojanović Publisher: Routledge ISBN: 1351544454 Category : Business & Economics Languages : en Pages : 289
Book Description
In this volume, Stojanovic draws together several essays by Yugoslav economists to an English audience. Originally published in 1982, these works present and analyse the issues that faced Yugoslavia‘s economic development and the functioning of their economic system at the time of writing through a wide selection of views. Not only does this work provide an insight into Yugoslavia‘s economic policies, the reader is also granted an insight into the social climate under which these essays were written. This title will be of interest to students of Economics and History.
Author: Klaus Weyerstraß Publisher: LIT Verlag Münster ISBN: 3643907710 Category : Business & Economics Languages : en Pages : 256
Book Description
The book describes a quarterly macroeconometric multi-country model for Croatia, Bosnia and Herzegovina, Slovenia and Serbia. The model is tested by evaluating its ability to reproduce the endogenous variables in an ex post simulation. Furthermore, economic policy simulations are performed to analyse (i) islated vs. coordinated fiscal policies, (ii) the future of the euro area and impacts on Slovenia and Serbia, (iii) budgetary consolidation strategies for Slovenia, (iv) how to cope with population ageing, and (iv) impacts of Croatia's EU accession. Klaus Weyerstrass is senior researcher at the Institute for Advanced Studies, Vienna.
Author: Harold Lydall Publisher: Oxford University Press, USA ISBN: Category : Business & Economics Languages : en Pages : 282
Book Description
Yugoslavia's system of "socialist self-management," once touted by many as the most efficient of east European systems, has since 1979 been plagued by inflation, falling wages, and economic deline. Here, Lydall presents an original study of the operation of the Yugoslav system. He surveys the social and political tensions resulting from this decline and the possible future of the ruling party as it attempts to improve the economy and maintain power. This book holds important implications for the future of socialism in both East and West.
Author: James H. Gapinski Publisher: Praeger ISBN: Category : Business & Economics Languages : en Pages : 336
Book Description
The culmination of work begun in 1985 by the authors under the joint sponsorship of the Ekonomski Institut Zagreb and Florida State University, this book posits the most comprehensive and relevant model yet developed to explain the workings of Yugoslavia's economy. The authors have developed a model that is both theoretically oriented and empirically relevant--ensuring its appropriateness for recommending and evaluating alternative policy remedies for the acute problems of inflation, unemployment, and foreign trade now facing Yugoslavia, a country until recently noted for its economic successes. Already chosen to represent Yugoslavia in the ongoing international Project LINK, a global system for tracking and forecasting the economic conditions of some eighty countries and regions, the model is distinguished by its policy emphasis and by its ability to capture the fundamental divisions of the Yugoslav economy. Students and scholars of socialism, Marxism, and comparative economics will find this a major contribution to the literature of economic modeling. The book begins by providing essential background information about Yugoslavia including highlights of the country's economic experience, special features of its economic structure, the composition of its political system, the operation of its financial system, and the behavior of firms. Part two includes four chapters which examine the different components of the Yugoslav economy and review the theoretical basis and empirical performance of the equations which describe those components. A separate chapter presents the complete model, called the EIZFSU Mark 1.0 in recognition of its major sponsoring institutions. In the final part, the model is used to study policies for improving the performance of the economy and obstacles to their implementation. An appendix describes and quantifies the variables used in the model while a list of references provides additional information for the researcher who wishes to pursue further study in this area.
Author: Martin Schrenk Publisher: Baltimore : Published for the World Bank [by] Johns Hopkins University Press ISBN: Category : Business & Economics Languages : en Pages : 416
Book Description
Report of a mission sent to Yugoslavia by the World Bank.
Author: Fahrettin Yagcı
Author: Fahrettin Yagcı
Author: Radmila Stojanović
Author: Marko Milivojević
Author: Klaus Weyerstraß
Author: Andrew Charles Pienkos
Author: Thomas Wilson
Author: Rudolf Bićanić
Author: Harold Lydall
Author: James H. Gapinski
Author: Martin Schrenk