Structural Change in the Soviet Economy During the 1970s

Saito, M. & Nishimiya, R. (1985). Structural Change in the Soviet Economy During the 1970s. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-85-020

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Abstract

In this paper, Mitsuo Saito and Ryoichi Nishimiya use an interindustry model to examine structural change in the Soviet economy during the 1970s. Their supply-oriented model utilizes input-output data and national income accounts for the Soviet Union covering the period 1950-79; with the help of the econometric model, they study the causes of changes in the rates of growth in the Soviet economy during the seventies in comparison with those of the fifties and sixties. In certain of their findings, Saito and Nishimiya interpret as "technical progress" a residual term in linear homogeneous production functions: these particular results should be treated with some caution.

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