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Inhaltsangabe
Steven Rosenfielde presents a rigorous examination of Russia’s economic recovery prospects and productive capacity. Taking a theoretical and econometric approach the book presents a conclusion which stands in stark contrast to the theory that liberalization, democratization and privatization have placed Russia on the threshold of rapid recovery and modernization.
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Reseña del editor
Steven Rosenfielde presents a rigorous examination of Russia’s economic recovery prospects and productive capacity. Taking a theoretical and econometric approach the book presents a conclusion which stands in stark contrast to the theory that liberalization, democratization and privatization have placed Russia on the threshold of rapid recovery and modernization.
Reseña del editor
This volume suggests that Soviet economic performance, efficiency and production potential were far poorer than previously thought and that the causes of these deficiencies persist despite significant changes in the post-Soviet economic system, constraining Russia's economic recovery potential. Although post-Soviet capitalism, vitalized by foreign assistance could still propel rapid modernization, a deeper appreciation of Russia's profound misdevelopment, and lingering communist legacy suggests that the path to free enterprise, whether along Anglo-American, European social democratic or Japanese corportist lines is likely to be challenging. This volume is divided into three parts. Part I elaborates the fundamentals of contemporary production function based efficiency theory as they bear on the assessment and measurment of Russia's economic recovery potential, including procedures for investment decision making during the transition period. Part II presents econometric case studies using a variety of techniques, especially stochastic production potential of Russia and the Soviet Union from different perspectives. The performance of enterprises, sectors and the nation are studied statically, intertemporary and intersystematically at various stages of production, in a multiproduct context, sectorally and in the aggregate to assess open and concealed inefficiencies, and occasional sources of strength. Part III uses these materials to appraise Russia's economic prospects taking account of the obsolescence and infungibility of embodied technologies, efficiency potential, and the legacy of socialist policies like egalitarianism.
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Efficiency and Russia's Economic Recovery Potential to the Year 2000 and Beyond
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