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Long-Range Modeling of the USSR Economy

  • S. V. Dubovsky
  • O. A. Eismont

Summary

In this chapter the economic development of the USSR in the latest decades is analyzed. Causes of the slowdown in economic growth are shown to be natural resources depletion and relative decrease in the efficiency of new technologies. A simulation model of economic growth, taking into account natural resources depletion and endogenous technical progress, is described. Economic growth forecasts for the USSR are presented for two scenarios: the “inertial” one with the last decade’s trends holding true for the future and the “accelerated” one with increased labor activity and intensified technical progress.

Keywords

Technical Progress Technical Level Depreciation Rate Extraction Cost Capital Depreciation 
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References

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Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • S. V. Dubovsky
  • O. A. Eismont

There are no affiliations available

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