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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...
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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...
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bad decisions -- Food supply problems -- Food shortages-a strategic challenge -- The USSR as the largest importer of food … -- Oil in Western Siberia: the illusion of salvation -- A drop in oil prices: the final blow -- The collapse of the USSR: the … alternatives -- The ussr and the drop in oil prices: the essence of the choice -- A series of mistakes -- Mounting problems in the …
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