This paper comments on the methodology that Estrin and Holmes (Estrin, Saul, and Holmes, Peter, “Indicative Planning in Developed Economies.” J. Comp. Econom.14, 4:000-000, 1990) employ to evaluate indicative planning in developed countries. An evaluation that focuses on results suffers from inevitable informational problems, thus necessitating an examination of the processes of indicative planning.
Result-Oriented and Process-Oriented Evaluations of Indicative PlanningPeter Murrell ,
4( 14 )
Journal of Comparative Economics