01990cas a2200325 a 4500 AALejournalIMF001569 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451842296 1018-5941 BD-DhAAL BD-DhAAL Bulir, Ales. Growth Slowdown in Bureaucratic Economic Systems : An Issue Revisited / Ales Bulir, Zuzana Brixiova. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Bureaucracy imf Economic System imf Planned Economy imf Production Function imf WP imf Czech Republic imf Brixiova, Zuzana. IMF Working Papers; Working Paper ; No. 2001/006 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/006/001.2001.issue-006-en.xml IMF e-Library