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Plans, prices, and corruption : the Soviet firm under partial centralization, 1930 to 1990
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Harrison, Mark and Kim, Byung-Yeon (2005) Plans, prices, and corruption : the Soviet firm under partial centralization, 1930 to 1990. Journal of Economic History, Vol.66 (No.1). pp. 1-41. doi:10.1017/S0022050706000015 ISSN 0022-0507.
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Official URL: http://dx.doi.org/10.1017/S0022050706000015
Abstract
The level of corruption in an economy is generally thought to influence
economic growth adversely. We show that the performance of the Soviet
economy was affected not only by the level of corruption but also by its
quality, that is, how corrupt incomes were used. In the context of a partially
centralized economy, changes in a government control mechanism influenced
the quality of corruption and thus economic performance. On the basis of new
historical research on the Soviet command system we analyse the choices of a
plan-setter and an effort-setter who interacted with each other and an external
market to determine real output, hidden inflation, and the level and quality of
corruption simultaneously. Our results explain rapid Soviet economic growth
despite high corruption levels, and why slower economic growth in the 1970s
was accompanied by increased privatization of rents.
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): | Corruption -- Soviet Union, Soviet Union -- Economic policy | ||||
Journal or Publication Title: | Journal of Economic History | ||||
Publisher: | Cambridge University Press | ||||
ISSN: | 0022-0507 | ||||
Official Date: | 8 April 2005 | ||||
Dates: |
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Volume: | Vol.66 | ||||
Number: | No.1 | ||||
Page Range: | pp. 1-41 | ||||
DOI: | 10.1017/S0022050706000015 | ||||
Status: | Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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