Shortages and the informal economy in the Soviet republics, 1965-89

Dados Bibliográficos

ID3243266
AutoresByung‐yeon Kim (Seoul National University), Yoshisada Shida (0000-0002-0433-015X, Hitotsubashi University)
Ano2017
Volume70
Fascículo4
Páginas1346-1374
Data de publicação2017-11-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoThe Economic History Review (JOURNAL)
Identificadores do periódicoISSN: 0013-0117 • E-ISSN: 1468-0289
EditoraWiley (PUBLISHER • GB)
DOI10.1111/ehr.12431
OpenAlexW66182560
IdiomaEN
Citações recebidas3
Referências citadas24

This study measures the informal economy and shortages of consumer goods in the Soviet republics from 1965 to 1989 to estimate the relationships between these two variables. Using estimation methods, including a fixed-effect model and the instrumental variable approach, we find that the informal economy and shortages reinforced each other. Results indicate that the Soviet central planning system was difficult to sustain. Substantial heterogeneities across the Soviet republics exist not only in the extent of the informal economy and shortages, but also in the associations between the two variables

Econometrics · Economic growth · Economic shortage · Economic system · Economics · Economy · Estimation · Informal sector · Instrumental variable · Planned economy · Variable (mathematics) · Corruption and Economic Development · Local Government Finance and Decentralization · Mathematics · Russia and Soviet political economy