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Stabilisation and Reform Sequencing in the Soviet Economy

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  • Mario NUTI

    (European University Institue, Florence)

Abstract

This paper reviews the progress of Soviet economic reform and investigates the reasons for its apparent lack of success. It is argued that Soviet economic reform has failed to complete itself, on a large enough scale and in the correct sequence. The missing steps are : economic stabilisation ; the severance of enterprise links with central government bodies, the abolition of the monopoly power of large enterprises and their associations, the guarantee of the strictly residual nature of enterprise income. The paper proposes a tentative sequencing of policies and institutional changes, giving primacy to domestic stabilisation

Suggested Citation

  • Mario NUTI, 1990. "Stabilisation and Reform Sequencing in the Soviet Economy," Discussion Papers (REL - Recherches Economiques de Louvain) 1990023, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvre:1990023
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    File URL: http://www.jstor.org/stable/40723919
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    Cited by:

    1. Numa Mazat, 2016. "Structural Analysis Of The Economic Decline And Collapse Of The Soviet Union," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 029, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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