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Soviet industrial production, 1928 to 1955 : real growth and hidden inflation
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Harrison, Mark (1999) Soviet industrial production, 1928 to 1955 : real growth and hidden inflation. Journal of Comparative Economics, Vol.28 (No.1). pp. 134-155. doi:10.1006/jcec.1999.1626 ISSN 0147-5967.
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Official URL: http://dx.doi.org/10.1006/jcec.1999.1626
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 | ||||
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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 | ||||
Official Date: | 28 September 1999 | ||||
Dates: |
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Volume: | Vol.28 | ||||
Number: | No.1 | ||||
Page Range: | pp. 134-155 | ||||
DOI: | 10.1006/jcec.1999.1626 | ||||
Status: | Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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