| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4735 |
| 来源ID | Working Paper 4735 |
| The Soviet Economic Decline: Historical and Republican Data | |
| William Easterly; Stanley Fischer | |
| 发表日期 | 1994-05-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | Soviet growth over 1960-89 was the worst in the world after we control for investment and human capital; the relative performance worsens over time. The declining Soviet growth rate over 1950-87 is explained by the declining marginal product of capital; the rate of TFP growth is roughly constant over that period. While the Soviet slowdown has conventionally been attributed to extensive growth (rising capital to output ratios), extensive growth is also a feature of market-oriented economies like Japan and Korea. What led to the relative Soviet decline was a low elasticity of substitution between capital and labor, which caused diminishing returns to capital to be especially acute. Tentative evidence indicates that the burden of defense spending also contributed to the Soviet debacle. Differences in growth performance between the Soviet republics are explained well by some of the same factors that figure in the empirical cross-section growth literature: initial income, human capital, population growth, and the degree of sectoral distortions. |
| 主题 | Other |
| URL | https://www.nber.org/papers/w4735 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562132 |
| 推荐引用方式 GB/T 7714 | William Easterly,Stanley Fischer. The Soviet Economic Decline: Historical and Republican Data. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4735.pdf（1429KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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