TY - BOOK ID - 84540377 TI - Growth Slowdown in Bureaucratic Economic Systems : An Issue Revisited AU - Bulir, Ales. AU - Brixiova, Zuzana. PY - 2001 SN - 1462388442 1452751323 1281603449 1451890532 9786613784131 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Taxation KW - Inventions KW - Bureaucracy KW - Administrative Processes in Public Organizations KW - Corruption KW - One, Two, and Multisector Growth Models KW - Socialist Systems and Transitional Economies: Planning, Coordination, and Reform KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Taxation, Subsidies, and Revenue: General KW - Innovation KW - Research and Development KW - Technological Change KW - Intellectual Property Rights: General KW - Public finance & taxation KW - Inventions & inventors KW - Consumption KW - Tax incentives KW - Technological innovation KW - National accounts KW - Technology KW - Economics KW - Technological innovations KW - Czech Republic UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540377 AB - 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-manager interactions and shows how bureaucratic economies can end up in a low-effort, low-growth equilibrium even though they may have started in high-effort , high-growth equilibrium. The empirical evidence from eight Central and Eastern European countries during 1948-49 is consistent with our model results, namely, that the growth decline was systemic in nature. The results are applicable to countries in other regions with heavy bureaucratic involvement in the economy. ER -