Journal article icon

Journal article

The Rise and Decline of the Soviet Economy.

Abstract:
The reasons for the rapid growth of the Soviet Union before roughly 1970 and for its subsequent growth slowdown are analysed. The concentration of investment on heavy industry and soft budget constraints explain most of the growth in the 1930s. The growth slowdown was due to disastrous investment decisions following the elimination of surplus labour and the diversion of research and development resources to the military rather than the failure of firms to carry out plans or diminishing returns to capital.

Actions


Access Document


Publisher copy:
10.1111/0008-4085.00103

Authors


Robert C. Allen More by this author
Journal:
Canadian Journal of Economics
Volume:
34
Issue:
4
Publication date:
2001
DOI:
URN:
uuid:3f3bf604-37ce-4162-ba41-df9477dc5652
Local pid:
oai:economics.ouls.ox.ac.uk:10370
Language:
English

Terms of use


Metrics



If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP