Growth and Fluctuations of Production in O.E.C.D. and East European Countries

Abstract

Our knowledge of the operations of the centrally planned East European economies has become increasingly detailed; unfortunately, this accumulating scholarship has led to a certain disregard for some of the larger issues, especially concerning long-term developmental trends. The adverse results of this loss of focus have become quite apparent from the discussions about Soviet and East European economic problems—occasioned by the deaths of Leonid Brezhnev and Yuri Andropov—in the popular and semi-popular press. Most of the sweeping generalizations presented to the public were at considerable variance with scholarly assessments tucked away in publications for specialists. Further, many of the important empirical lessons in earlier comparative studies of long-term growth in East and West (for example, the remarkable survey by Bergson)1 appear to have been forgotten; and U.S. governmental policy statements often appear to be based on false assumptions about what actually happened.