Many of the states of the former Soviet Union have experienced a dramatic collapse of output during transition, which has not yet been reversed in a sustainable way. The economics of disorganization, proposed by Blanchard (1997) and tested empirically by Blanchard and Kremer (1997), reasons that...

Applies a novel methodology of national income calculation that has been applied to numerous Western countries, to the Soviet Union, involving the calculation of national income as the end product of a series of interrelated sector and global accounts of incomes and their disposition