Harrison, Mark, 1949-. (1999) Soviet industrial production, 1928 to 1955 : real growth and hidden inflation. Journal of Comparative Economics, Vol.28 (No.1). pp. 134-155. ISSN 0147-5967

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Abstract

The mechanism of hidden inflation in Soviet industrial growth statistics between 1928 and 1950 is described. Hidden inflation arose when new products were substituted for old ones. Substitution biases in Soviet and Western growth estimates are compared; the extent of hidden inflation in the Soviet figures is estimated. The view that all Soviet growth series were exaggerated is qualified; the presumption that the lower a figure, the more reliable it must be, is overturned. The Moorsteen paradox, hidden inflation in industry as a whole, but none in machinebuilding where product innovation was most rapid, is explained.

Item Type:	Journal Article
Subjects:	H Social Sciences > HC Economic History and Conditions
Divisions:	Faculty of Social Sciences > Economics
Library of Congress Subject Headings (LCSH):	Inflation (Finance) -- Soviet Union, Soviet Union -- Economic conditions -- 20th century
Journal or Publication Title:	Journal of Comparative Economics
Publisher:	Elsevier
ISSN:	0147-5967
Date:	28 September 1999
Volume:	Vol.28
Number:	No.1
Page Range:	pp. 134-155
Identification Number:	10.1006/jcec.1999.1626
Status:	Peer Reviewed
Access rights to Published version:	Open Access
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URI:	http://wrap.warwick.ac.uk/id/eprint/213

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