Atlantic Economic Journal articles from June 1994

Atlantic Economic Journal archives from June 1994

Retreat from Utopia: the reconfiguration of Russian socialism.
June 1, 1994... I. Introduction The Bolshevik Party of Russia and its Leninist successors had a unique vision of communist utopia which distinguished Soviet rule from other forms of authoritarianism.(1) They believed that a just, prosperous and egalitarian...

Enterprise responses to price and output shocks in transitioning economies: the case of the Czechoslovak machine-building sector.
June 1, 1994... I. Introduction A key issue in the process of transition from socialism to capitalism in East and Central Europe is whether the large state-owned firms that dominate the industrial landscape in the region can adjust in a flexible and effective...

Industrial policy in Eastern Europe: the case of Hungary.
June 1, 1994... 2004 158.72 168.80 182.45 123.05 2005 167.92 178.63 193.05 130.41 2006 177.66 189.03 204.28 138.23 2007 187.97 200.04 216.15 146.54 2008...

Foreign trade in the process of transformation in Poland.
June 1, 1994... The collapse of the communist governments was, to a great extent, caused by a deepening economic crisis of systemic and structural nature. It was present in all former member countries of the Council for Mutual Economic Assistance (CMEA),...

Incentive contracts, corporate governance, and privatization funds in Romania.
June 1, 1994... I. Introduction The design of appropriate financial intermediaries has emerged as a key problem in the privatization process in Eastern Europe. Particularly in mass privatization programs employing vouchers as artificial capital,...

Buying a pig when both buyer and seller are in pokes.
June 1, 1994... Privatizing the enterprises of the former Communist countries of Eastern Europe, including those of the Soviet Union, is proving to be as difficult and troublesome as Western economists feared it would be. Various methods of effecting transfers...

The macrodynamics of business cycles: a comparative evaluation.
June 1, 1994... A first look at Mohammed H. I. Dore's The Macrodynamics Of Business Cycles brings to mind (for this reviewer, aged 62) Dudley Dillard's The Economics Of John Maynard Keynes. Dillard's book appeared in 1948 and was quite a boon to graduate...

A note on wealth in the money demand function and aggregate demand elasticity. (Anthology)
June 1, 1994... It is well-established in macroeconomic theory that, for a closed economy analyzed with the neoclassical IS-LM framework where normal conditions prevail in both the commodity and money markets, the Pigou effect reinforces the Keynes effect and...

Structural adjustments, devaluation, and inflationary pressures in Ghana. (Anthology)
June 1, 1994... Over the last 10 years, Ghana has undertaken one of the most comprehensive structural adjustment programs in order to address the country's poor economic performance. Critics of the program argued that the massive devaluation of the Ghanaian...

Financing constraints and heterogeneity in investment behavior. (Anthology)
June 1, 1994... During the 1980s, a substantial body of new theory has been built on the premise that informational problems between borrowing and lending institutions may limit the capital spending of several classes of firms in a rational economy. Inspired by...

Export-propelled growth: an empirical investigation of the role of foreign exchange. (Anthology)
June 1, 1994... Abundance of foreign exchange, whether resulting largely from increases in export earnings as assumed in this study or from capital inflows or reductions in imports, has been cited as a contributing factor to economic growth [Kader, American...

Natural resource accounting in Ghana. (Anthology)
June 1, 1994... Conventional national income accounting emphasizes the rate of growth of real GNP (or GDP) as the principle indicator of economic growth. However, GNP and other widely used social accounts ignore the productive role of natural resources. The...

Long-run price estimation. (Anthology)
June 1, 1994... Salmon farming has become an international industry, with location being determined by production and transport costs, as much as by biological factors. Chile is an example of the globalization of salmon farming. Salmon is not indigenous to...

Estimating boater recreational benefits. (Anthology)
June 1, 1994... Since the recreational benefits enjoyed by boaters are nonmarket goods, the value of water quality is difficult to quantify. An hedonic pricing model of marina wet slips was estimated to determine if the recreational benefits of water quality...