 Dissemination of Technology in Market and Planned EconomiesThe B.E. Journal of Macroeconomics, 2004, vol. 4, issue 1, 32 Abstract: The Soviet Union was competing head to head with market economies in the generation of new technologies, not only in traditional industries such as steelmaking, electricity, and machineries, but also in high tech-areas such as synthetic materials and microelectronics. Yet its productivity performance was significantly worse than that of both developing and industrial countries. R&D-based growth models cannot explain this fact, as the Soviet effort in research and education was comparable to that of most advanced countries. I claim that a technology adoption model helps us understand better the Soviet experience. I hypothesize that the Soviet managerial compensation system generated an incentive for the manager to perform only a modest retooling activity out of fear of breaking the production norm that the planner imposed upon the firm. Keywords: retooling; output target; productivity (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:bpj:bejmac:v:contributions.4:y:2004:i:1:n:2 Ordering information: This journal article can be ordered from Access Statistics for this article The B.E. Journal of Macroeconomics is currently edited by Arpad Abraham and Tiago Cavalcanti More articles in The B.E. Journal of Macroeconomics from De Gruyter |
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