The Russian economy is experiencing ‘Russian Disease’ (R-D) whose major symptom is a strong positive relationship between the real output growth and oil prices from 1995 through 2010. The symptoms differ significantly from those characterizing Dutch Disease. We also show that there is no...

Abram Bergson's attitudes toward the reliability of Soviet statistics and the feasibility of socialism took shape in two distinct phases. He convinced himself and the profession by 1953 that Soviet data were ‘usable’ and that socialism could conceivably outperform capitalism. However, he...

Russia and China have similar heritages. They were and remain authoritarian martial police states, deviating substantially from the cultural, institutional, and behavioural requirements of efficient democratic free enterprise. Both modernised without westernising (preserving their authoritarian...

Russia is in the midst of a severe economic depression. Its recovery potential depends on the properties of the new economic system, foreign assistance, and the residual production potential of the capital stock inherited from the Soviet Union. This paper demonstrates that the production...