The rise and decline of the Soviet economy

Robert (Bob) Allen

    Research output: Contribution to journalArticle

    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.

    Original languageEnglish (US)
    Pages (from-to)859-881
    Number of pages23
    JournalCanadian Journal of Economics
    Volume34
    Issue number4
    DOIs
    StatePublished - Jan 1 2001

    Fingerprint

    Diversion
    Resources
    Labor
    Industry
    Investment decision
    Surplus
    Military
    Soviet Union
    Soft budget constraint

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    The rise and decline of the Soviet economy. / Allen, Robert (Bob).

    In: Canadian Journal of Economics, Vol. 34, No. 4, 01.01.2001, p. 859-881.

    Research output: Contribution to journalArticle

    Allen, Robert (Bob). / The rise and decline of the Soviet economy. In: Canadian Journal of Economics. 2001 ; Vol. 34, No. 4. pp. 859-881.
    @article{ea72070fc9a048f0a18526d3e03ce326,
    title = "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.",
    author = "Allen, {Robert (Bob)}",
    year = "2001",
    month = "1",
    day = "1",
    doi = "10.1111/0008-4085.00103",
    language = "English (US)",
    volume = "34",
    pages = "859--881",
    journal = "Canadian Journal of Economics",
    issn = "0008-4085",
    publisher = "Wiley-Blackwell",
    number = "4",

    }

    TY - JOUR

    T1 - The rise and decline of the Soviet economy

    AU - Allen, Robert (Bob)

    PY - 2001/1/1

    Y1 - 2001/1/1

    N2 - 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.

    AB - 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.

    UR - http://www.scopus.com/inward/record.url?scp=0011210478&partnerID=8YFLogxK

    UR - http://www.scopus.com/inward/citedby.url?scp=0011210478&partnerID=8YFLogxK

    U2 - 10.1111/0008-4085.00103

    DO - 10.1111/0008-4085.00103

    M3 - Article

    VL - 34

    SP - 859

    EP - 881

    JO - Canadian Journal of Economics

    JF - Canadian Journal of Economics

    SN - 0008-4085

    IS - 4

    ER -