Shortages and the Informal Economy in the Soviet Republics: 1965-1989
AbstractWe measure the informal economy and shortages of consumer goods in the Soviet republics from 1965 to 1989 to estimate the relationships of these two variables. We use fixed-effect model and instrument variable approach and find that the informal economy and shortages reinforce each other. Results indicate that the Soviet central planning system is difficult to sustain in the long run. A substantial heterogeneity across the Soviet republics exists not only in the extent of the informal economy and shortages, but also in the associations of the two variables.
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Bibliographic InfoPaper provided by Russian Research Center, Institute of Economic Research, Hitotsubashi University in its series RRC Working Paper Series with number 43.
Length: 28 p.
Date of creation: Mar 2014
Date of revision:
shortages; informal economy; Soviet republics;
Find related papers by JEL classification:
- P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
- P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
- P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-18 (All new papers)
- NEP-CIS-2014-04-18 (Confederation of Independent States)
- NEP-HIS-2014-04-18 (Business, Economic & Financial History)
- NEP-IUE-2014-04-18 (Informal & Underground Economics)
- NEP-TRA-2014-04-18 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Springer, vol. 30(2-3), pages 181-203.
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- Kim, Byung-Yeon, 2003. "Informal economy activities of Soviet households: size and dynamics," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 532-551, September.
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