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Explaining Economic Growth in the Soviet Union, 1950-86

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  • Bleaney, Michael Francis

Abstract

Production function estimates are provided for Soviet production and gross national product for the period 1950-86. A variety of alternative specifications is tested, including Cobb-Douglas, constant elasticity of substitution and variable elasticity of substitution production functions, and an error correction mechanism is used to investigate the long-run properties of the estimated equation. The structural stability of the estimates is also examined. Constant-returns- to-scale Cobb-Douglas production functions suggest that the rate of total factor productivity growth in the Soviet economy has declined steadily over time, becoming negative sometime in the period between 1970 and 1980. However, the extensive statistical tests can doubt on the validity of any production function estimated on Soviet data. Copyright 1991 by Kluwer Academic Publishers

Suggested Citation

  • Bleaney, Michael Francis, 1991. "Explaining Economic Growth in the Soviet Union, 1950-86," Economic Change and Restructuring, Springer, vol. 24(2), pages 121-133.
    • Handle: RePEc:kap:ecopln:v:24:y:1991:i:2:p:121-33
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    Cited by:

    1. Richard Carson, 0. "Inclusiveness, Growth, and Political Support," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 0, pages 1-19.
    2. Richard Carson, 2020. "Inclusiveness, Growth, and Political Support," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 46(4), pages 557-575, October.

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