The fiscal background of the Russian revolution

Gregory M. Dempster

European Review of Economic History, 2006, vol. 10, issue 1, 35-50

Abstract: This article examines important aspects of the interaction between the fiscal history and political events of tsarist Russia's final years in the light of macroeconomic theories of government budget constraints. Using econometric tests of intertemporal stability and techniques of intervention analysis, I find that tsarist Russia had achieved a sustainable peacetime balance in its fiscal relations by the eve of World War I, but that this balance was lost under the strain of wartime financial difficulty.

Date: 2006
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