RT Generic
T1 Technical change and the postwar slowdown in Soviet economic growth
A1 Kukic, Leonard
A2 Universidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Sociales, 
AB The 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.
SN 2341-2542
YR 2021
FD 2021-09-10
LK https://hdl.handle.net/10016/33259
UL https://hdl.handle.net/10016/33259
LA eng
DS e-Archivo
RD 18 jul. 2024