Transcription of An analysis of the Soviet economic growth from the 1950’s …
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An analysis of the Soviet economic growth from the 1950’s …
An analysis of the Soviet economic growth from the 1950's to the collapse of USSR*. (Second draft). Numa Mazat Numa Mazat**. Franklin Serrano**. Abstract: The purpose of this paper is to study the Soviet economic growth from 1950. to 1991, focusing on the questions of capital accumulation and structural change. The period will be divided into three phases, corresponding to different levels of economic growth and structural features. The first phase, from the 1950s to the beginning of 1970s, corresponds to a regime of extensive accumulation of capital with fast growth of output and per capita GDP. The next phase, from the 1970s to the Mid-1980s, corresponds to a period of economic slowdown, with an attempt to move to a regime of intensive accumulation.
Full employment of labor was constitutionally guaranteed. The state had the monopoly of foreign trade. ... “the soviet system […] was a system of surplus appropriation and redistribution subordinated to the material needs of the state and […] of its military apparatus. ... The extensive Soviet growth model relied on the increase of the ...
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