The Rise and Decline of the Soviet Economy.
The reasons for the rapid growth of the Soviet Union before roughly 1970 and for its subsequent growth slowdown are analysed. The concentration of investment on heavy industry and soft budget constraints explain most of the growth in the 1930s. The growth slowdown was due to disastrous investment de...
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| Format: | Journal article |
| Language: | English |
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Blackwell Publishing
2001
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