A general model of the Soviet consumer

Article Abstract:

A general model of consumers in a Soviet-type economic environment was developed. The model integrates consumption and savings that incorporate random queues. rationing, pricing and a second economy. The model suggests that saving patterns are predictable even if an economy is characterized by rationing, queuing and parallel markets. It was concluded that the model presents a dynamic framework that illustrates the conditions being experienced by Soviet-type consumers.

Models, Consumption (Economics), Consumers, Central planning

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Job rights and labor productivity in a Soviet-type economy

Article Abstract:

A study was conducted to evaluate a shirking model of the labor market for Soviet-type economies (STEs). The study considers factors of job rights and labor productivity under such economic conditions. Results show that unemployment is not effective as a disciplining method for workers under STEs with job rights. In addition, a reformed STE exhibits superior efficiency over traditional STEs.

Research, Labor market, Labor productivity

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Assessing the economic performance of North Korea, 1954-1989: esitmates and growth accounting analysis

Article Abstract:

An analysis of gross national product (GNP) growth rate in North Korea from 1954 to 1989 is presented. It was found that annual growth rates of the country's GNP and GNP per capita wer 4.4 and 1.9% accordingly. A comparison of North Korean economic productivity and that of the Soviet Union is also provided.

Gross National Product, North Korea, Comparative analysis, Growth, Company growth, Report

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