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008 210830t20141990nju fo d z eng d
019 _a(OCoLC)922699724
019 _a(OCoLC)999373533
020 _a9780691606422
_qprint
020 _a9781400860869
_qPDF
024 7 _a10.1515/9781400860869
_2doi
035 _a(DE-B1597)9781400860869
035 _a(DE-B1597)447233
035 _a(OCoLC)889251668
040 _aDE-B1597
_beng
_cDE-B1597
_erda
072 7 _aPOL024000
_2bisacsh
082 0 4 _a382/.0947
_223
084 _aonline - DeGruyter
100 1 _aMurrell, Peter
_eautore
245 1 4 _aThe Nature of Socialist Economics :
_bLessons from Eastern European Foreign Trade /
_cPeter Murrell.
250 _aCourse Book
264 1 _aPrinceton, NJ :
_bPrinceton University Press,
_c[2014]
264 4 _c©1990
300 _a1 online resource (292 p.)
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 0 _aPrinceton Legacy Library ;
_v1061
505 0 0 _tFrontmatter --
_tContents --
_tList of Figures --
_tList of Tables --
_tAcknowledgments --
_tCHAPTER 1. An Overview of the Research, the Theories Underlying the Interpretation of the Results, and the Conclusions --
_tCHAPTER 2. The Variables Used in the Analysis: Their Properties and Sources of Data --
_tCHAPTER 3. International Trade Theory and the Centrally Planned Economies --
_tCHAPTER 4. Qualitative Information on Nonstandard Trade Determinants: Summary Statistics from Trade Data --
_tCHAPTER 5. The Econometrics of Estimating Endowments Implicit in Trade Decisions and Measuring Country Conformity to Trade Models --
_tCHAPTER 6. The Levels of Resource Endowments Implicit in Eastern European Trade Patterns: Estimates for Eleven Endowments --
_tCHAPTER 7. Measuring How Closely the Trade Patterns of Socialist and Capitalist Economies Fit Standard Trade Models --
_tEPILOGUE: The Results and Some Questions They Raise --
_tAPPENDIX A: Do RCAs Reveal Comparative Advantage? --
_tAPPENDIX B: Derivation of Equations Representing Trade Models --
_tAPPENDIX C: Interpreting the Values of RCAs in the Presence of Intraindustry Trade --
_tAPPENDIX D: Interpreting the Estimates in the Presence of Missing Data --
_tReferences --
_tIndex
506 0 _arestricted access
_uhttp://purl.org/coar/access_right/c_16ec
_fonline access with authorization
_2star
520 _aWhat are the sources of the well-known differences in the performance of capitalist and socialist economic systems? Peter Murrell argues that the Schumpeterian model has far more power to answer this question than does the neoclassical theory generally used for that purpose. The neoclassical theory focuses on the absence of a price system and the inability of a centralized system to allocate resources efficiently, while the Schumpeterian model emphasizes the rigidity of institutions and policies in socialist economies and their lack of mechanisms either to create new institutions or to identify and to foster the growth of the most efficient organizations (including multinational corporations). In a work that will have profound consequences for the analysis of economic reform in socialist economies, Murrell compares the predictions of these two models against data summarizing foreign trade performance and finds the Schumpeterian model clearly superior. Combining international trade theory and econometric techniques, the author develops new methods of comparative economic analysis. These methods provide new information on the values of eleven resource endowments implicit in trade, the degree to which the socialist countries fit standard models of trade, the effect of multinational corporations on trade, and myriad other features of economic performance.Originally published in 1990.The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
530 _aIssued also in print.
538 _aMode of access: Internet via World Wide Web.
546 _aIn English.
588 0 _aDescription based on online resource; title from PDF title page (publisher's Web site, viewed 30. Aug 2021)
650 7 _aPOLITICAL SCIENCE / Public Policy / Economic Policy.
_2bisacsh
850 _aIT-RoAPU
856 4 0 _uhttps://doi.org/10.1515/9781400860869
856 4 0 _uhttps://www.degruyter.com/isbn/9781400860869
856 4 2 _3Cover
_uhttps://www.degruyter.com/cover/covers/9781400860869.jpg
942 _cEB
999 _c207961
_d207961