IDEAS home Printed from https://ideas.repec.org/a/eee/rujoec/v1y2015i2p130-153.html

Economic Fluctuations in Russia (from the late 1920s to 2015)

Author

Listed:
  • Smirnov, Sergey

Abstract

In many respects, the historical trajectory of the Russian economy during the XX century has been a terra incognita until now. As for official statistics, at least three important reasons can be given for this. First, many relevant indicators were either not measured or were kept secret and never published. Second, Russia (as the RSFSR) was a part of the USSR, and statistics for the RSFSR were much less prevalent than for the USSR as a whole (historical changes in Russia's borders also require special consideration). Third, an ideological dogma implied the absence of inflation in the planned Soviet economy; therefore, all deflators (if any) were underestimated, and all aggregates in constant and/or comparable prices were overestimated (as were the corresponding growth rates). As for the unofficial historical estimates, most of them were focused on the USSR, not on the RSFSR; therefore, there is a considerable risk in using them as a proxy for historical indicators of the Russian Federation.

Suggested Citation

  • Smirnov, Sergey, 2015. "Economic Fluctuations in Russia (from the late 1920s to 2015)," Russian Journal of Economics, Elsevier, vol. 1(2), pages 130-153.
    • Handle: RePEc:eee:rujoec:v:1:y:2015:i:2:p:130-153
    DOI: 10.1016/j.ruje.2015.11.002
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S2405473915000197
    Download Restriction: no
    File URL: https://libkey.io/10.1016/j.ruje.2015.11.002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kuboniwa, Masaaki, 2014. "The Impact of Oil Prices, Total Factor Productivity and Institutional Weakness on Russia’s Declining Growth," RRC Working Paper Series 49, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    2. Steven Rosefielde, 2003. "The Riddle of Post-war Russian Economic Growth: Statistics Lied and Were Misconstrued," Europe-Asia Studies, Taylor & Francis Journals, vol. 55(3), pages 469-481.
    3. Paul Gregory, 2003. "Soviet Defence Puzzles: Archives, Strategy and Underfulfilment," Europe-Asia Studies, Taylor & Francis Journals, vol. 55(6), pages 923-937.
    4. Kuboniwa, Masaaki, 1997. "Economic Growth in Postwar Russia: Estimating GDP," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 38(1), pages 21-32, June.
    5. Harrison, Mark, 1998. "Prices, Planners, and Producers: an Agency Problem in Soviet Industry, 1928–1950," The Journal of Economic History, Cambridge University Press, vol. 58(4), pages 1032-1062, December.
    6. B. Korneychuk., 2015. "The Role of Foreign Participation in Soviet Industrialization: An Institutional View," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    7. repec:rnp:ecopol:ep1528 is not listed on IDEAS
    8. A. Balashov & Ya. Martianova., 2015. "Re-industrialization of the Russian Economy and the Development of Military-industrial Complex," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 9.
    9. Markevich, Andrei & Harrison, Mark, 2011. "Great War, Civil War, and Recovery: Russia's National Income, 1913 to 1928," The Journal of Economic History, Cambridge University Press, vol. 71(3), pages 672-703, September.
    10. Easterly, William & Fischer, Stanley, 1995. "The Soviet Economic Decline," The World Bank Economic Review, World Bank, vol. 9(3), pages 341-371, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ekaterina Zhuravskaya & Sergei Guriev & Andrei Markevich, 2024. "New Russian Economic History," Journal of Economic Literature, American Economic Association, vol. 62(1), pages 47-114, March.
    2. Allah Morad Seif & Hossein Panahi & Davoud Hamidi Razi, 2017. "An Estimation of The Impact of Economic Sanctions and Oil Price Shocks on Iran-Russian Trade: Evidence from a Gravity- VEC Approach," Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 21(3), pages 469-497, Summer.
    3. Yang, Xuechun & Lou, Feng & Sun, Mingxing & Wang, Renqing & Wang, Yutao, 2017. "Study of the relationship between greenhouse gas emissions and the economic growth of Russia based on the Environmental Kuznets Curve," Applied Energy, Elsevier, vol. 193(C), pages 162-173.
    4. Anton I. Pyzhev & Roman V. Gordeev & Eugene A. Vaganov, 2020. "Reliability and Integrity of Forest Sector Statistics—A Major Constraint to Effective Forest Policy in Russia," Sustainability, MDPI, vol. 13(1), pages 1-10, December.
    5. Raufhon Salahodjaev & Nargiza Ibragimova, 2020. "Height and Life Satisfaction: Evidence from Russia," Applied Research in Quality of Life, Springer;International Society for Quality-of-Life Studies, vol. 15(1), pages 219-237, March.
    6. Sergey V. Smirnov & Nikolay V. Kondrashov & Anna V. Petronevich, 2017. "Dating Cyclical Turning Points for Russia: Formal Methods and Informal Choices," Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 13(1), pages 53-73, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Miller, Marcus & Smith, Jennifer C., 2015. "In the shadow of the Gulag: Worker discipline under Stalin," Journal of Comparative Economics, Elsevier, vol. 43(3), pages 531-548.
    2. György Simon, Jr, 2010. "Technical Progress And Its Factors In Russia’S Economy," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 55(186), pages 7-41, July – Se.
    3. repec:cge:wacage:2018 is not listed on IDEAS
    4. Bjarne S. Jensen, 2004. "Pareto Efficiency, Relative Prices, and Solutions to CGE Models," DEGIT Conference Papers c009_006, DEGIT, Dynamics, Economic Growth, and International Trade.
    5. Andrei Markevich & Ekaterina Zhuravskaya, 2018. "The Economic Effects of the Abolition of Serfdom: Evidence from the Russian Empire," American Economic Review, American Economic Association, vol. 108(4-5), pages 1074-1117, April.
    6. Leonard Kukić, 2024. "Technical change and the postwar slowdown in Soviet economic growth in a long run perspective, 1885–2019," Economic History Review, Economic History Society, vol. 77(2), pages 644-674, May.
    7. Rosefielde, Steven, 2004. "An abnormal country," BOFIT Discussion Papers 15/2004, Bank of Finland, Institute for Economies in Transition.
    8. Jutta Bolt & Jan Luiten Zanden, 2014. "The Maddison Project: collaborative research on historical national accounts," Economic History Review, Economic History Society, vol. 67(3), pages 627-651, August.
    9. Jim Rose & Simon Hay, 2001. "Three Steps Towards More Effective Development Assistance," Treasury Working Paper Series 01/26, New Zealand Treasury.
    10. De Melo, Martha & Denizer, Cevdet, 1997. "Monetary policy during transition : an overview," Policy Research Working Paper Series 1706, The World Bank.
    11. Hodelin, Reynaldo Senra, 2022. "Statistical disclosure and economic growth: What is the nexus?," World Development, Elsevier, vol. 160(C).
    12. Mallick, Debdulal, 2012. "The role of the elasticity of substitution in economic growth: A cross-country investigation," Labour Economics, Elsevier, vol. 19(5), pages 682-694.
    13. Richard Carson, 2020. "Inclusiveness, Growth, and Political Support," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 46(4), pages 557-575, October.
    14. Paul Castañeda Dower & Andrei Markevich, 2018. "Labor Misallocation and Mass Mobilization: Russian Agriculture during the Great War," The Review of Economics and Statistics, MIT Press, vol. 100(2), pages 245-259, May.
    15. Prados de la Escosura, Leandro, 2019. "Human Development in the Age of Globalisation," CEPR Discussion Papers 13744, Centre for Economic Policy Research.
    16. Harrison, Mark, "undated". "The Soviet Economy, 1917-1991 : Its Life and Afterlife," Economic Research Papers 269309, University of Warwick - Department of Economics.
    17. Lindert, Peter H. & Nafziger, Steven, 2014. "Russian Inequality on the Eve of Revolution," The Journal of Economic History, Cambridge University Press, vol. 74(3), pages 767-798, September.
    18. Fidrmuc, Jan & Tichit, Ariane, 2009. "Mind the break! Accounting for changing patterns of growth during transition," Economic Systems, Elsevier, vol. 33(2), pages 138-154, June.
    19. Kuboniwa, Masaaki, 2016. "Estimating GDP and Foreign Rents of the Oil and Gas Sector in the USSR then and Russia now," RRC Working Paper Series 61, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    20. repec:rdg:wpaper:em-dp2011-02 is not listed on IDEAS
    21. Mr. Aleš Bulíř & Ms. Zuzana Brixiova, 2001. "Growth Slowdown in Bureaucratic Economic Systems: An Issue Revisited," IMF Working Papers 2001/006, International Monetary Fund.
    22. Simon Mair, 2025. "The Relationship Between Energy and Capital: Insights from The Wealth of Nations," Review of Radical Political Economics, Union for Radical Political Economics, vol. 57(2), pages 244-259, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:rujoec:v:1:y:2015:i:2:p:130-153. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: https://www.journals.elsevier.com/russian-journal-of-economics .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.