G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9003
DP9003 Soviet power plus electrification: what is the long-run legacy of communism?
Paul Seabright; Mark Schaffer; Wendy Carlin
发表日期2012-06-03
出版年2012
语种英语
摘要Two decades after the end of central planning, we investigate the extent to which the advantages bequeathed by planning in terms of high investment in physical infrastructure and human capital compensated for the costs in allocative inefficiency and weak incentives for innovation. We assemble and analyse three separate types of evidence. First, we find that countries that were initially relatively poor prior to planning benefited more, as measured by long-run GDP per capita levels, from infrastructure and human capital than they suffered from weak market incentives. For initially relatively rich countries the opposite is true. Second, using various measures of physical stocks of infrastructure and human capital we show that at the end of planning, transition countries had substantially different endowments from their contemporaneous non-transition counterparts. However, these differences were much more important for poor than for rich countries. Finally, we use firm-level data to measure the cost of a wide range of constraints on firm performance, and we show that after more than a decade of transition in 2002-05, poor transition economies differ much more from their non-transition counterparts, in respect to both good and bad aspects of the planning legacy, than do relatively rich transition countries. However, the persistent beneficial legacy effects disappeared under the pressure of strong growth in transition economies in the run-up to the global financial crisis.
主题Development Economics
关键词Transition Infrastructure Institutions Planned economy Business environment
URLhttps://cepr.org/publications/dp9003
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/537841
推荐引用方式
GB/T 7714
Paul Seabright,Mark Schaffer,Wendy Carlin. DP9003 Soviet power plus electrification: what is the long-run legacy of communism?. 2012.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Paul Seabright]的文章
[Mark Schaffer]的文章
[Wendy Carlin]的文章
百度学术
百度学术中相似的文章
[Paul Seabright]的文章
[Mark Schaffer]的文章
[Wendy Carlin]的文章
必应学术
必应学术中相似的文章
[Paul Seabright]的文章
[Mark Schaffer]的文章
[Wendy Carlin]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。