Neoclassical norms and the valuation of national product in the Soviet Union: comment

Article Abstract:

Authors Rosefielde and Pfouts mistakenly disparaged the merits of the adjusted factor cost in analyzing the performance of the Soviet economy. The measure was not used to inflexibly dovetail with neoclassical theory on production potential. On the contrary, it was suggested in light of the greater knowledge that could be had of the economic situation of the country in the mid-1990s. The measure does not inordinately exaggerate growth but rather reduces growth estimates, although in an insignificant way.

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Neoclassical norms and the valuation of national product in the Soviet Union and its postcommunist successor states

Article Abstract:

The use of neoclassical theoretical assumptions in evaluating the performance of the economy of the Soviet Union may have its advantages in terms of the existence of specific measures, but it fails to realistically come up with price and cost statistics. The approach uses adjusted estimates but needs to be further refined to adequately strip the data of its exaggerations and distortions, which had been propagated by Soviet authorities during their long tenure in Russia.

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The demise of Soviet industry: a regional perspective

Article Abstract:

The decline in industrial growth in the Soviet Union during the era preceding that of Gorbachev, covering 25 years, can be analyzed through a production function perspective. Using such an approach results in findings that point to the failure of a centrally planned economy such as that of the Soviets to diffuse efficiently new technology to the provinces and regions. Couple with this inefficient distribution was the misallocation of resources and inputs.

Research, Regional economics

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