Efficiency and Russia's Recovery Potential to the Year 2000 and Beyond

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Steven Rosenfielde presents a rigorous examination of Russia's economic recovery prospects and productive capacity. Taking a theoretical and econometric approach the book presents a conclusion which stands in stark contrast to the theory that liberalization, democratization and privatization have placed Russia on the threshold of rapid recovery and modernization.
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Editorial Reviews

Comprises 15 contributions which resulted from a long term research project that began in the late 1970s and sought to assess the comparative production potential and efficiency of the Soviet socialist economy and its Western market rivals using stochastic production frontiers and other methods. The contributors suggest that Soviet economic performance and efficiency were far poorer than previously thought and that the causes of these deficiencies persist despite significant changes in the post-Soviet economic system. Annotation c. by Book News, Inc., Portland, Or.
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Product Details

  • ISBN-13: 9781840144116
  • Publisher: Ashgate Publishing, Limited
  • Publication date: 9/1/1998
  • Pages: 368
  • Product dimensions: 8.62 (w) x 6.02 (h) x 1.06 (d)

Table of Contents

List of Figures
List of Tables
List of Contributors
Research Summary
List of Abbreviations
Synopsis 1
1 Production Potential and Efficiency: Concepts, Methods and Statistics 3
2 The Misspecification of Soviet Production Potential: Adjusted Factor Costing and Bergson's Efficiency Standard 11
3 Production Potential, Production Functions and Efficiency 33
4 Efficiency Frontiers and Homothetic Production Functions 43
5 Hyperbolic Technical Efficiency: Axiomatic Foundations and Extensions 57
6 Average and Marginal Factor Productivity: Interdependencies and Efficiency 73
Synopsis 99
7 Comparative Production Potential in the USSR and the West: Pre-Transition Assessments 101
8 Industrial Growth and Efficiency in the United States and the Former Soviet Union 137
9 Command Constrained Efficiency in Soviet Cotton-Refining and the Kaunasskoi Candy Factory 169
10 Efficiency at Different Stages of Production in the Soviet Union 183
11 Russian Enterprise Inefficiency: An Elasticity Test for Incomplete Profit Maximization 209
Synopsis 219
12 Capital Infungibility and Production Potential in Post-Soviet Russia 221
13 Egalitarianism and Production Potential in Postcommunist Russia 245
14 Trade and Production Potential: Evidence from the Changing Embodied Factor Proportions of Russia's Trade with Japan 269
15 Systemic Change and Recovery Potential During Russia's Economic Transition 315
Conclusion 331
Index 333
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