This paper analyzes the rapird development of the Soviet economy during the first three Five Year Plans. A simulation model is used to determine the importance of three distinctive Soviet institutions/policies -- the concentration of investment on heavy industry, the collectivization of agriculture, and the use of ambitious output targets in conjunction with budget constraints to guide business activity.
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Paper provided by UBC Department of Economics in its series UBC Departmental Archives with number
97-20.
Find related papers by JEL classification: P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy