Abstract
JN their analysis of the Soviet economy, Western economists have often stressed the degree to which this is a politicized economic system, one in which the allocation of factor inputs and intermediate materials is subject to intervention by State and Party bureaucracies. Such intervention may serve to enforce enterprise compliance with official plans or to implement a centralized decision to depart from those plans. In the effort to construct a macroeconometric model of the Soviet Union, the author and others have attempted to partition what we observe in Soviet data into three categories: (1) technological regularity, (2) institutional or bureaucratic regularity, and (3) centralized intervention. This article represents a case study of the application of this econometric methodology to a major component of the Soviet economy, the phasing of capital investment expenditures into operative fixed capital. II. The Specification of Capital Formation in the Soviet Economy
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