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| Author: | Bell, J. Rostowski, J. |
| Title: | A note on the confirmation of Podkaminer's hypothesis in post-liberalisation Poland |
| Journal: | Europe-Asia Studies
1995 : MAY, VOL. 47:3, p. 527-530 |
| Index terms: | ECONOMICS POLAND PRICES |
| Language: | eng |
| Abstract: | Podkaminer (1987) argued that official food prices in Poland were higher than equilibrium prices, and furthermore that the administered prices of durables and services were much lower than their equilibrium prices. Observed excess demand for food (e.g. queues) were the result of the spillover of excess demand from other consumer markets into food. This contradicted the conventional wisdom which was that food prices had been held at abnormally low levels through the 1970s and 1980s. |
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