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Towards a Dynamic Two - Sector Model of Soviet Economic Decline

School of Business, Australian Catholic University, North Sydney, 40 Edward Street, North Sydney, NSW 2060, Australia

This paper represents an attempt at formulating a dynamic non-linear model capturing the subtleties of the rapid changes that took place in the Soviet Union during the second part of the 1980s. Towards this end, I propose a model which offers an endogenous explanation of (a) the initial phase of growth of the Soviet economy, (b) its subsequent stagnation, and (c) its final collapse. Inevitably, such a model is qualitative in nature.

Review of Radical Political Economics, Vol. 28, No. 3, 35-49 (1996)
DOI: 10.1177/048661349602800302


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