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The Soviet Economic Decline Revisited


  • Brendan K. Beare


In this comment I identify a simple error in William Easterly and Stanley Fischer’s econometric study of the postwar Soviet economic growth slowdown. The results of the study change substantially. [Data and code from this research are now available here.]

Suggested Citation

  • Brendan K. Beare, 2008. "The Soviet Economic Decline Revisited," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 135-144, May.
  • Handle: RePEc:ejw:journl:v:5:y:2008:i:2:p:135-144

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    References listed on IDEAS

    1. Weitzman, Martin L, 1970. "Soviet Postwar Economic Growth and Capital-Labor Substitution," American Economic Review, American Economic Association, vol. 60(4), pages 676-692, September.
    2. Easterly, William & Fischer, Stanley & DEC, 1994. "The Soviet economic decline : historical and republican data," Policy Research Working Paper Series 1284, The World Bank.
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    Cited by:

    1. Richard L. Carson, 2009. "The Effect of Rent Seeking on Economics Growth," Carleton Economic Papers 09-10, Carleton University, Department of Economics, revised 19 Dec 2016.
    2. William Easterly & Stanley Fischer, 2008. "Reply to Brendan Beare," Econ Journal Watch, Econ Journal Watch, vol. 5(2), pages 145-147, May.

    More about this item


    Economic growth; Soviet economy; extensive growth;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-


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