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Russia’s Real National Income: The Great War, Civil War, and Recovery, 1913 to 1928

Author

Listed:
  • Markevich, Andrei

    (New Economic School, Moscow and Department of Economics, University of Warwick)

  • Harrison, Mark

    (Department of Economics, University of Warwick ; Centre for Russian and East European Studies, University of Birmingham ; Hoover Institution on War, Revolution, and Peace, Stanford University)

Abstract

We 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.

Suggested Citation

  • Markevich, Andrei & Harrison, Mark, 2009. "Russia’s Real National Income: The Great War, Civil War, and Recovery, 1913 to 1928," The Warwick Economics Research Paper Series (TWERPS) 911, University of Warwick, Department of Economics.
  • Handle: RePEc:wrk:warwec:911
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    File URL: https://warwick.ac.uk/fac/soc/economics/research/workingpapers/2009/twerp_911.pdf
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    References listed on IDEAS

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    1. repec:taf:ceasxx:v:53:y:2001:i:8:p:1159-1176 is not listed on IDEAS
    2. 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.
    3. Steven Rosefielde, 2005. "Tea Leaves and Productivity: Bergsonian Norms for Gauging the Soviet Future," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 47(2), pages 259-273, June.
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    Cited by:

    1. Leandro Prados de la Escosura, 2015. "World Human Development: 1870–2007," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 61(2), pages 220-247, June.

    More about this item

    Keywords

    Civil War ; GDP; Russia ; Soviet Union ; World War I;

    JEL classification:

    • 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, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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