IDEAS home Printed from https://ideas.repec.org/a/wly/canjec/v34y2001i4p859-881.html
   My bibliography  Save this article

The rise and decline of the Soviet economy

Author

Listed:
  • Robert C. Allen

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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Robert C. Allen, 2001. "The rise and decline of the Soviet economy," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 34(4), pages 859-881, November.
    • Handle: RePEc:wly:canjec:v:34:y:2001:i:4:p:859-881
    DOI: 10.1111/0008-4085.00103
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/0008-4085.00103
    Download Restriction: no
    File URL: https://libkey.io/10.1111/0008-4085.00103?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Brainerd, Elizabeth, 2006. "Reassessing the Standard of Living in the Soviet Union," CEPR Discussion Papers 5525, C.E.P.R. Discussion Papers.
    2. Brainerd, Elizabeth, 2010. "Reassessing the Standard of Living in the Soviet Union: An Analysis Using Archival and Anthropometric Data," The Journal of Economic History, Cambridge University Press, vol. 70(1), pages 83-117, March.
    3. Leandro Prados de la Escosura & Tamás Vonyó & Ilya B. Voskoboynikov, 2021. "Accounting For Growth In History," Journal of Economic Surveys, Wiley Blackwell, vol. 35(3), pages 655-669, July.
    4. Xhulia Likaj & Michael Jacobs & Thomas Fricke, 2022. "Growth, Degrowth or Post-growth? Towards a synthetic understanding of the growth debate," Basic Papers 2, Forum New Economy.
    5. Schlichter, Leo, 2024. "Planning for Degrowth: How artificial intelligence and Big Data revitalize the debate on democratic economic planning," IPE Working Papers 231/2024, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    6. Prof. Walter C. Ndubuisi & Mr. Alexander Solomon Oghoyone, 2022. "Russia-Ukraine Crisis: Waning of the petrodollar System and its Financial Imperative for Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(9), pages 765-776, September.
    7. Tan, Ruipeng & Xu, Mengmeng & Sun, Chuanwang, 2021. "The impacts of energy reallocation on economic output and CO2 emissions in China," Energy Economics, Elsevier, vol. 94(C).
    8. Frieling, Titus, 2021. "Innovation under central planning: patenting and productivity in the GDR," LSE Research Online Documents on Economics 112938, London School of Economics and Political Science, LSE Library.
    9. Andreas Bergh & Christian Bjornskov & Ludek Kouba, 2024. "The Growth Consequences of Socialism," MENDELU Working Papers in Business and Economics 2024-95, Mendel University in Brno, Faculty of Business and Economics.
    10. Ann Hipp & Udo Ludwig & Jutta Günther, 2021. "Unable to innovate or just bad circumstances? Comparing the innovation system of a state-led and market-based economy," Bremen Papers on Economics & Innovation 2111, University of Bremen, Faculty of Business Studies and Economics.
    11. Perekhozhuk, Oleksandr, 2007. "Marktstruktur und Preisbildung auf dem ukrainischen Markt für Rohmilch," Studies on the Agricultural and Food Sector in Transition Economies, Leibniz Institute of Agricultural Development in Transition Economies (IAMO), volume 41, number 92322.
    12. Ann Hipp & Björn Jindra & Kehinde Medase, 2023. "Nothing new in the East? New evidence on productivity effects of inventions in the GDR," Bremen Papers on Economics & Innovation 2301, University of Bremen, Faculty of Business Studies and Economics.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:canjec:v:34:y:2001:i:4:p:859-881. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1111/(ISSN)1540-5982 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.