A SUGGESTED PLANNING PROCEDURE WITH SCARCITY IN A CENTRALLY PLANNED ECONOMY

Date

1980

Author

Özler, Güntaç

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This paper examines, after a brief review of planning procedures, a scarcity restricted - central planning model. An initial feasible programme is assumed to exist. It was shown that the model (Novozhilov, 1970) can be extended into a dynamic planning model whereby an improving macro plan is achieved with every iteration. Procedure described, has the primary desirable properties of planning routine: it is well-defined, convergent and furthermore labour - value based. It is closely associated with the multi - echelon type of planning procedures.

URI

https://hdl.handle.net/11511/111340

Collections

Department of Economics, Article