Series: IMF Working Papers
Author(s): Ales Bulir , and Zuzana Brixiova
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 January 2001
Keywords: Bureaucracy, planning, growth, growth rates, linear trend, statistics, economic growth, time series, One, Two
Bureaucratically organized systems tend to be less efficient than economies in which agents are free to choose their output targets, as well as the means to meet them. This paper presents a simple model of planner-...