ABSTRACT
The present chapter links up with the results given in the foregoing chapters from the investigation of short-and long-term changes in the rate of growth. Its subject comprises analysis of correlations among the main parameters of the growth model on the one hand, and the effectiveness of the traditional model of socialist economic operation under changing circum stances on the other. Analysis of the correlation between the growth model and the model of economic operation is based on an attempt to apply Kalecki’s model of economic growth under socialism to Czechoslovak em pirical data for the 1950-65 period. By giving statistical content to the growth model it is hoped to provide a criterion of effectiveness for the system of planning and management at different levels of economic development.
