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Improving Research on Former Soviet and Other Historically Planned Economies Summary of a Planning Meeting (1992) / Chapter Skim
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II. Conceptual Framework
Pages 3-6

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From page 3...
... Ongoing efforts to improve policy analysis and to offer technical assistance will be greatly enhanced by developing a systematic and coherent research agenda that increases Western understanding of transition processes within HPEs. The parcel considers that the most fundamental issue confronting both government analysts and academic researchers over the near term is the need to accurately conceptualize the transition process and to understand its dynamics.
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From page 4...
... The panel suggested Hat one way to monitor and assess He transition in HPEs would be to focus research on key institutional changes and to trace the impact of these changes on the redistribution of wealth and the creation of new wealth. The research should specify how selected institutional changes influence the redistribution or creation of wealth, probe the effect of the change on the efficiency and equity of the operation of the institution, and identify the feedback between the original change and the behavioral responses of economic actors within the system to that change.
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From page 5...
... But that information is endogenous to-the-system in that the-extent and kind of information-made available depends directly on the incentives within the socio-economic system either for deliberate distortion or objective reporting. One indicator, therefore, of movement toward a new system would be the extent to which incentives for accurate reporting were instituted and found to be operational.
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From page 6...
... The fourth-directs attention to questions of industrial-distribution such as between state, cooperative, and private enterprises, while the fifth focuses on fiscal federalism and raises issues of political power. -The final category involves such issues as capital flight, foreign investment, and the impact of exchange rates.
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Key Terms

  • economic actors
  • institutional changes
  • panel noted
  • panel suggested
  • institutional change

  • transition processes
  • panel agreed
  • panel considers
  • existing wealth
  • strong support

  • economic institutions
  • behavioral responses
  • efforts directed
  • involves radical
  • issue confronting

  • appropriate conceptual
  • avoid preconceptions
  • strictly mutually
  • framework emphasizes
  • greatly enhanced

  • western understanding
  • mutually exclusive
  • address specific
  • raises issues
  • final outcomes

  • category involves
  • researchers avoid
  • foreign investment
  • focus research
  • private enterprises


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