Russia’s Real National Income: The Great War, Civil War, and Recovery, 1913 to 1928
AbstractWe are working towards filling the last remaining gap in the historical national accounts of Russia and the USSR in the twentieth century. The gap includes the Great War (1914 to 1917), the Bolshevik Revolution, the Civil War and War Communism (1918 to 1921), and postwar recovery under the New Economic Policy of a mixed economy (1921 to 1928). Our work builds on our predecessors and also returns to a number of original sources. We find that the economic performance of the Russian Empire in wartime was somewhat better than previously thought; that of War Communism was correspondingly worse. We confirm the persistence of losses associated with the Civil War into the postwar period, or the failure of the New Economic Policy to achieve full recovery, or some mixture of both. We conclude that the Great War and Civil War produced the deepest economic trauma of Russia’s troubled twentieth century.
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Bibliographic InfoPaper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 911.
Date of creation: 2009
Date of revision:
Civil War ; GDP; Russia ; Soviet Union ; World War I;
Other versions of this item:
- Andrei Markevich & Mark Harrison, 2009. "Russia’s Real National Income: The Great War, Civil War, and Recovery, 1913 to 1928," Working Papers w0130, Center for Economic and Financial Research (CEFIR).
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
- N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
- N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-09-19 (All new papers)
- NEP-HIS-2009-09-19 (Business, Economic & Financial History)
- NEP-MAC-2009-09-19 (Macroeconomics)
- NEP-TRA-2009-09-19 (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.:
- Steven Rosefielde, 2005. "Tea Leaves and Productivity: Bergsonian Norms for Gauging the Soviet Future," Comparative Economic Studies, Palgrave Macmillan, vol. 47(2), pages 259-273, June.
- Rosefielde, Steven & Pfouts, Ralph W., 1995. "Neoclassical Norms and the Valuation of National Product in the Soviet Union and Its Postcommunist Successor States," Journal of Comparative Economics, Elsevier, vol. 21(3), pages 375-389, December.
- Leandro Prados de la Escosura, 2013.
"World human development : 1870-2007,"
Working Papers in Economic History
wp13-01, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
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