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DISEQUILIBRIUM ANALYSIS OF A CENTRALLY PLANNED SOVIET-TYPE ECONOMY

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004870/00001

Material Information

Title: DISEQUILIBRIUM ANALYSIS OF A CENTRALLY PLANNED SOVIET-TYPE ECONOMY AN APPLICATION TO THE CASE OF CUBA 1970-2010
Physical Description: Book
Language: English
Creator: Sommers, Keith
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2013
Publication Date: 2013

Subjects

Subjects / Keywords: Disequilibrium
Economics
Cuba
Discrete Switching Model
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The Soviet-type centrally planned economy relies heavily on price controls and subsidies. The difficulty of coordinating the price level with the money supply can lead to disequilibrium in the goods market. This can be classified as either excess demand, where consumers demand more goods than are supplied, or excess supply, where producers supply more goods than are demanded. This thesis uses a discrete switching model specific to the economy of Cuba to measure the level of disequilibrium. I find that Cuba's economy fluctuated between periods of excess supply and excess demand. These fluctuations were explained using imports and exports, macroeconomic shocks, and foreign aid. My results suggest that the central planners may prefer mild levels of excess supply in order to avoid the detrimental effect excess demand has on the supply of goods. Future research should focus on the effect of the Cuban reforms of 2010, and also examine specific markets which might be in varying states of disequilibrium.
Statement of Responsibility: by Keith Sommers
Thesis: Thesis (B.A.) -- New College of Florida, 2013
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Van Horn, Patrick

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2013 S69
System ID: NCFE004870:00001

Permanent Link: http://ncf.sobek.ufl.edu/NCFE004870/00001

Material Information

Title: DISEQUILIBRIUM ANALYSIS OF A CENTRALLY PLANNED SOVIET-TYPE ECONOMY AN APPLICATION TO THE CASE OF CUBA 1970-2010
Physical Description: Book
Language: English
Creator: Sommers, Keith
Publisher: New College of Florida
Place of Publication: Sarasota, Fla.
Creation Date: 2013
Publication Date: 2013

Subjects

Subjects / Keywords: Disequilibrium
Economics
Cuba
Discrete Switching Model
Genre: bibliography   ( marcgt )
theses   ( marcgt )
government publication (state, provincial, terriorial, dependent)   ( marcgt )
born-digital   ( sobekcm )
Electronic Thesis or Dissertation

Notes

Abstract: The Soviet-type centrally planned economy relies heavily on price controls and subsidies. The difficulty of coordinating the price level with the money supply can lead to disequilibrium in the goods market. This can be classified as either excess demand, where consumers demand more goods than are supplied, or excess supply, where producers supply more goods than are demanded. This thesis uses a discrete switching model specific to the economy of Cuba to measure the level of disequilibrium. I find that Cuba's economy fluctuated between periods of excess supply and excess demand. These fluctuations were explained using imports and exports, macroeconomic shocks, and foreign aid. My results suggest that the central planners may prefer mild levels of excess supply in order to avoid the detrimental effect excess demand has on the supply of goods. Future research should focus on the effect of the Cuban reforms of 2010, and also examine specific markets which might be in varying states of disequilibrium.
Statement of Responsibility: by Keith Sommers
Thesis: Thesis (B.A.) -- New College of Florida, 2013
Electronic Access: RESTRICTED TO NCF STUDENTS, STAFF, FACULTY, AND ON-CAMPUS USE
Bibliography: Includes bibliographical references.
Source of Description: This bibliographic record is available under the Creative Commons CC0 public domain dedication. The New College of Florida Libraries, as creator of this bibliographic record, has waived all rights to it worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law.
Local: Faculty Sponsor: Van Horn, Patrick

Record Information

Source Institution: New College of Florida
Holding Location: New College of Florida
Rights Management: Applicable rights reserved.
Classification: local - S.T. 2013 S69
System ID: NCFE004870:00001


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