The Prediction of Communist Economic Performance

This study represents attempts dating from 1967, by nine experts on Communist economics, to forecast the performance of individual Communist countries. These predictions provide a great deal of comparable information and make experimental use of elementary econometrical techniques, which have rarely been applied to these countries before. The book also contains, as a unique feature, criticism and self-criticism of the predictions of 1967 (here reproduced unchanged) in the light of subsequent events. A most valuable by-product is the analytical comparison of planning procedures and of agricultural ownership, country by country, so that the differing progress of the reforms can be easily grasped.