Soviet Household Saving Function
In this paper, the Soviet household saving function is estimated using reconstructed data from the unpublished archival material: the Soviet family budget survey data. In addition, a shortage indicator is developed to capture both household purchasing power in comparison with the availability of consumer goods in the official market and the spillover of the household demand for consumer goods from the official retail market to the secondary one. A long-run solution of the Soviet household saving function, which includes a shortage indicator as one of the independent variables is estimated using these data. The reliability of the long-run solution is confirmed by the short-run dynamics of the Soviet household saving function, which satisfy super-exogeneity, parameter constancy, and several diagnostic tests. The highly significant coefficient of the shortage indicator suggests that Soviet household saving behaviour was affected by shortages of consumer goods during 1965-1989/ Copyright 1997 by Kluwer Academic Publishers
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics University of Leicester, University Road. Leicester. LE1 7RH. UK|
Phone: +44 (0)116 252 2887
Fax: +44 (0)116 252 2908
Web page: http://www.le.ac.uk/economics/ec.html
More information through EDIRC
|Order Information:||Web: http://www.le.ac.uk/economics/research/dpseries.html|
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.:
- Richard Portes, 1986.
"The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies,"
NBER Working Papers
1875, National Bureau of Economic Research, Inc.
- Portes, Richard, 1986. "The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies," CEPR Discussion Papers 91, C.E.P.R. Discussion Papers.
- Gardner Roy, 1979.
"Repressed inflation in the soviet union : a temporary equilibrium approach,"
CEPREMAP Working Papers (Couverture Orange)
- Gardner, Roy & Strauss, Jonathan, 1981. "Repressed inflation in the Soviet Union : A temporary equilibrium approach," European Economic Review, Elsevier, vol. 16(2), pages 387-404.
- Kornai, Janos, 1992. "The Socialist System: The Political Economy of Communism," OUP Catalogue, Oxford University Press, number 9780198287766, December.
- Blangiewicz, Maria & Charemza, Wojciech W, 1990. "Cointegration in Small Samples: Empirical Percentiles, Drifting Moments and Customized Testing," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(3), pages 303-15, August.
- Phillips, P.C.B., 1986.
"Understanding spurious regressions in econometrics,"
Journal of Econometrics,
Elsevier, vol. 33(3), pages 311-340, December.
- Peter C.B. Phillips, 1985. "Understanding Spurious Regressions in Econometrics," Cowles Foundation Discussion Papers 757, Cowles Foundation for Research in Economics, Yale University.
- Church, Keith B & Smith, Peter N & Wallis, Kenneth F, 1994. "Econometric Evaluation of Consumers' Expenditure Equations," Oxford Review of Economic Policy, Oxford University Press, vol. 10(2), pages 71-85, Summer.
- Podkaminer, Leon, 1989. "Macroeconomic disequilibria in centrally planned economies: Identifiability of econometric models based on the theory of household behavior under quantity constraints," Journal of Comparative Economics, Elsevier, vol. 13(1), pages 47-60, March.
- Mario I. BlÃ©jer & Carlo Cottarelli, 1991. "Forced Savings and Repressed Inflation in the Soviet Union; Some Empirical Results," IMF Working Papers 91/55, International Monetary Fund.
- Chang Gene Hsin, 1993. "The Inconsistencies among Disequilibrium Aggregates," Journal of Comparative Economics, Elsevier, vol. 17(1), pages 70-91, March.
- Chawluk, Antoni & Cross, Rod, 1994. "Zloty and Dollar Balances in Poland 1965-1993," The Manchester School of Economic & Social Studies, University of Manchester, vol. 62(0), pages 41-66, Suppl..
- Gur Ofer & Joyce Pickersgill, 1980. "Soviet Household Saving: A Cross-Section Study of Soviet Emigrant Families," The Quarterly Journal of Economics, Oxford University Press, vol. 95(1), pages 121-144.
- Wojciech Charemza & Richard E. Quandt, 1982. "Models and Estimation of Disequilibrium for Centrally Planned Economies," Review of Economic Studies, Oxford University Press, vol. 49(1), pages 109-116.
- Muellbauer, John, 1994. "The Assessment: Consumer Expenditure," Oxford Review of Economic Policy, Oxford University Press, vol. 10(2), pages 1-41, Summer.
- Johansen, Soren & Juselius, Katarina, 1990. "Maximum Likelihood Estimation and Inference on Cointegration--With Applications to the Demand for Money," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(2), pages 169-210, May.
When requesting a correction, please mention this item's handle: RePEc:wuk:leiapm:96/14. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (WoPEc Project)
If references are entirely missing, you can add them using this form.