Capital Accumulation, The Soft Budget Constraint and Soviet Industrialization

Robert Carson Allen ()

UBC Departmental Archives from UBC Department of Economics

Abstract: This paper analyzes the rapird development of the Soviet economy during the first three Five Year Plans. A simulation model is used to determine the importance of three distinctive Soviet institutions/policies -- the concentration of investment on heavy industry, the collectivization of agriculture, and the use of ambitious output targets in conjunction with budget constraints to guide business activity.

Keywords: ECONOMIC DEVELOPMENT; INVESTMENTS; SOCIALISM (search for similar items in EconPapers)
JEL-codes: P24 P26 (search for similar items in EconPapers)
Date: 1997

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Related works:
Journal Article: Capital accumulation, the soft budget constraint and Soviet industrialisation (1998)
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Persistent link: http://EconPapers.repec.org/RePEc:ubc:bricol:97-20

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