Abstract
Two Western economists investigate the prospects of a fresh bout of growth retardation in Russia that would tend to impede the country's transition to competitive free enterprise. The paper presents conceptual and statistical parallels linking Russia's post-1998 crisis recovery and its performance during the last years of Soviet power. The authors use a carefully crafted "ruble factor cost" benchmark of Soviet-era Russian economic performance derived from recompiled official Russian NMP statistics transformed into a Western GDP series in accordance with the 1993 SNA methodology. The estimates complement the CIA's earlier series for the Soviet Union 1950-1980, and extend them for Russia. Journal of Economic Literature, Classification Numbers: O40, O47, P21. 1 figure, 3 tables, 70 references.
Published Version
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