Access

You are not currently logged in.

Access your personal account or get JSTOR access through your library or other institution:

login

Log in to your personal account or through your institution.

If you need an accessible version of this item please contact JSTOR User Support

The Rise and Decline of the Soviet Economy

Robert C. Allen
The Canadian Journal of Economics / Revue canadienne d'Economique
Vol. 34, No. 4 (Nov., 2001), pp. 859-881
Published by: Wiley on behalf of the Canadian Economics Association
Stable URL: http://www.jstor.org/stable/3131928
Page Count: 23
  • Download ($5.00)
  • Subscribe ($19.50)
  • Cite this Item
If you need an accessible version of this item please contact JSTOR User Support
The Rise and Decline of the Soviet Economy
Preview not available

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.

Page Thumbnails

  • Thumbnail: Page 
[859]
    [859]
  • Thumbnail: Page 
860
    860
  • Thumbnail: Page 
861
    861
  • Thumbnail: Page 
862
    862
  • Thumbnail: Page 
863
    863
  • Thumbnail: Page 
864
    864
  • Thumbnail: Page 
865
    865
  • Thumbnail: Page 
866
    866
  • Thumbnail: Page 
867
    867
  • Thumbnail: Page 
868
    868
  • Thumbnail: Page 
869
    869
  • Thumbnail: Page 
870
    870
  • Thumbnail: Page 
871
    871
  • Thumbnail: Page 
872
    872
  • Thumbnail: Page 
873
    873
  • Thumbnail: Page 
874
    874
  • Thumbnail: Page 
875
    875
  • Thumbnail: Page 
876
    876
  • Thumbnail: Page 
877
    877
  • Thumbnail: Page 
878
    878
  • Thumbnail: Page 
879
    879
  • Thumbnail: Page 
880
    880
  • Thumbnail: Page 
881
    881