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Soviet macroeconomic data

Principal Investigator(s):  View help for Principal Investigator(s) Yasushi NAKAMURA, Yokohama National University

Version:  View help for Version V1

Version Title:  View help for Version Title SMD20170529

Name File Type Size Last Modified
Descrption-of-the-Soviet-macroeconomicdata.pdf application/pdf 129.8 KB 05/28/2017 08:49:PM
Soviet_Macroeconomic_Data.xlsx application/vnd.openxmlformats-officedocument.spreadsheetml.sheet 15.8 KB 05/28/2017 08:11:PM

Project Citation: 

NAKAMURA, Yasushi. Soviet macroeconomic data. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2017-05-29. https://doi.org/10.3886/E100666V1

Project Description

Summary:  View help for Summary
The project
The Soviet macroeconomic data was compiled from published and archive materials to investigate relationship between Soviet real and financial economies. The new data revealed that government debt increased to compensate for inefficient use of funds for most of the Soviet period. Given the difficulty in managing fiat money without information and data generated by the market, and the simple Soviet financial structure, the increasing debt suggests that non-performing financial assets accumulated in the household sector, and inefficient real assets built up in the enterprise sector. The empirical analysis using a small time-varying parameter vector autoregression model identified that funds supplied to the economy had contributed at a decreasing rate to economic growth during nearly the entire Soviet period. Funds continued to be used wastefully, non-performing financial assets accumulated, and consequently the value of the ruble was decreasing. In this sense, Soviet monetary management was inefficient.

The files
The data file includes all series used in the study. The description file gives explanations of the series and their sources. It also includes the R and JAGS codes of the Soviet time-varying parameter vector autoregression model.
Funding Sources:  View help for Funding Sources JSPS (15H01959)

Scope of Project

Subject Terms:  View help for Subject Terms economic systems; monetary policy; Soviet
Geographic Coverage:  View help for Geographic Coverage Soviet Union, Russia
Time Period(s):  View help for Time Period(s) 1/1/1925 – 1/1/1990 ('1925 to 1990')
Data Type(s):  View help for Data Type(s) aggregate data


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Published Versions

V2 [2018-02-19]

V1 [2017-05-29]

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