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Making Sense of the Soviet Trade Shock in Eastern Europe : a Framework and Some Estimates

Rodrik, Dani - 2021

Eastern European countries have experienced sharp declines in real GDP since 1990. One of the reasons for this decline is the Soviet trade shock, deriving from the collapse of the CMEA and of traditional export markets in the Soviet Union. This paper is an attempt to quantify the magnitude of...

Persistent link: https://www.econbiz.de/10013211658

The Price Impact of Joining a Currency Union : Evidence from Latvia

Cavallo, Alberto - 2014

consumption goods. We consider the case of Latvia, which recently dropped its pegged exchange rate and joined the euro zone. We … between Latvia and euro zone countries collapsed swiftly following entry to the euro. The percentage of goods with nearly … identical prices in Latvia and Germany increased from 6 percent to 89 percent. The median size of price differentials declined …

Persistent link: https://www.econbiz.de/10013052497

Housing Prices, Inter-Generational Co-Residence, and “Excess” Savings by the Young : Evidence Using Chinese Data

Rosenzweig, Mark R. - 2019

In many countries of the world the co-residence of young adults aged 25-34 with their parents is not uncommon and in some countries the savings rates of these age groups exceed those of the middle-aged contrary to the standard model of life-cycle savings. In this paper we examine the role of...

Persistent link: https://www.econbiz.de/10012863690

Israel's Immigration Story : Winners and Losers

Razin, Assaf - 2018

The exodus of Soviet Jews to Israel in the 1990s was a unique event. The immigration wave was distinctive for its large high skilled cohort, and its quick integration into the domestic labor market. Immigration also changed the entire economic landscape: it raised productivity, underpinned by...

Persistent link: https://www.econbiz.de/10012928310

Momentum in Imperial Russia

Goetzmann, William N. - 2015

Some of the leading theories of momentum have different empirical predictions about its profitability conditional on market composition and structure. The overconfidence explanation provided by Daniel, Hirshleifer, and Subrahmanyam (1998), for example, predicts lower momentum profits in markets...

Persistent link: https://www.econbiz.de/10013012385

From Soviets to Oligarchs : Inequality and Property in Russia, 1905-2016

Novokmet, Filip - 2017

This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in Russia from the Soviet period until the present day. We find...

Persistent link: https://www.econbiz.de/10012949409

Was Stalin Necessary for Russia's Economic Development?

Cheremukhin, Anton - 2013

This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a large dataset that covers Soviet Russia during 1928-1940 and Tsarist Russia during 1885-1913. We use a...

Persistent link: https://www.econbiz.de/10013076184

The Collapse of the Soviet Union and the Productivity of American Mathematicians

Borjas, George J. - 2014

It has been difficult to open up the black box of knowledge production. We use unique international data on the publications, citations, and affiliations of mathematicians to examine the impact of a large post-1992 influx of Soviet mathematicians on the productivity of their American...

Persistent link: https://www.econbiz.de/10013066694

The Soviet Economic Decline : Historical and Republican Data

Easterly, William; Fischer, Stanley - 2021

Soviet growth over 1960-89 was the worst in the world after we control for investment and human capital; the relative performance worsens over time. The declining Soviet growth rate over 1950-87 is explained by the declining marginal product of capital; the rate of TFP growth is roughly constant...

Persistent link: https://www.econbiz.de/10013311878

Shiller, Robert J.; Boycko, Maxim; Korobov, Vladimir - 2021

Random samples of the Moscow' and New York populations were compared in their attitudes towards free markets by administering identical telephone interviews in the two countries in May, 1990. Although the Soviet respondents were somewhat less likely to accept exchange of money as a solution to...

Persistent link: https://www.econbiz.de/10013224197

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