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Technical change and the postwar slowdown in Soviet economic growth

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dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorKukic, Leonard
dc.contributor.editorUniversidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Socialeses
dc.date.accessioned2021-09-10T17:18:15Z
dc.date.available2021-09-10T17:18:15Z
dc.date.issued2021-09-10
dc.description.abstractThe existing studies usually find that technical change was very important in constraining the economic growth of the Soviet Union. While these studies have been successful in quantifying the extent of technical change, they have been less successful in quantifying its nature. This paper probes the essence of technical change by analysing its direction and bias. I find that the Soviet Union achieved strong increases in labour efficiency until the 1960s. Although the labour efficiency growth subsequently slowed down, it is capital efficiency that drove the postwar slowdown in economic growth. I argue that labour shortages, combined with an inadequate investment policy, retarded the Soviet capital efficiency.en
dc.identifier.issn2341-2542es
dc.identifier.urihttps://hdl.handle.net/10016/33259
dc.identifier.uxxiDT/0000001923es
dc.language.isoenges
dc.relation.ispartofseriesWorking Papers in Economic Historyen
dc.relation.ispartofseries21-10
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.jelO47
dc.subject.jelO33
dc.subject.jelN14
dc.subject.jelP27
dc.subject.otherSoviet Unionen
dc.subject.otherEconomic Growthen
dc.subject.otherTechnical Changeen
dc.subject.otherEconomic Historyen
dc.titleTechnical change and the postwar slowdown in Soviet economic growthen
dc.typeworking paper*
dspace.entity.typePublication
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