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Identifier to cite or link to this item: https://hdl.handle.net/10086/26494

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Title
Shortages and the Informal Economy in the Soviet Republics: 1965-1989
Creator
Creator Name
Kim, Byung Yeon Kim, Byung Yeon
Affiliation
Affiliation Name
Seoul National University
Creator Name
Shida, Yoshisada Shida, Yoshisada
Affiliation
Affiliation Name
Hitotsubashi University
Editor
Contributor Name
Russian Research Center, Institute of Economic Research, Hitotsubashi University
Key Word
shortages
informal economy
Soviet republics
JEL
P21
P27
P36
Abstract
We measure the informal economy and shortages of consumer goods in the Soviet republics from 1965 to 1989 to estimate the relationships of these two variables. We use fixed-effect model and instrument variable approach and find that the informal economy and shortages reinforce each other. Results indicate that the Soviet central planning system is difficult to sustain in the long run. A substantial heterogeneity across the Soviet republics exists not only in the extent of the informal economy and shortages, but also in the associations of the two variables.
Publisher
Russian Research Center, Institute of Economic Research, Hitotsubashi University
Issued Date
2014-03
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
RRC Working Paper Series ; No. 43
Relation
Related Identifier
URI
  http://www.ier.hit-u.ac.jp/rrc/English/
ISSN
1883-1656
Number of Pages
28
Appears in Collections
RRC Working Paper Series
URL
https://hdl.handle.net/10086/26494