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metadata language: English

Soviet macroeconomic data

Resource Type
Dataset : aggregate data
  • NAKAMURA, Yasushi (Yokohama National University)
Publication Date
Funding Reference
  • JSPS
    • Award Number: 15H01959
Free Keywords
economic systems; monetary policy; Soviet
  • Abstract

    The project
    The Soviet macroeconomic data was compiled from published and archive materials to investigate relationship between Soviet real and financial economies. The new data revealed that government debt increased to compensate for inefficient use of funds for most of the Soviet period. Given the difficulty in managing fiat money without information and data generated by the market, and the simple Soviet financial structure, the increasing debt suggests that non-performing financial assets accumulated in the household sector, and inefficient real assets built up in the enterprise sector. The empirical analysis using a small time-varying parameter vector autoregression model identified that funds supplied to the economy had contributed at a decreasing rate to economic growth during nearly the entire Soviet period. Funds continued to be used wastefully, non-performing financial assets accumulated, and consequently the value of the ruble was decreasing. In this sense, Soviet monetary management was inefficient.

    The files
    The data file includes all series used in the study. The description file gives explanations of the series and their sources. It also includes the R and JAGS codes of the Soviet time-varying parameter vector autoregression model.
Temporal Coverage
  • 1925-01-01 / 1990-01-01
    Time Period: Thu Jan 01 00:00:00 EST 1925--Mon Jan 01 00:00:00 EST 1990 ('1925 to 1990')
Geographic Coverage
  • Soviet Union
  • Russia

Update Metadata: 2018-02-20 | Issue Number: 1 | Registration Date: 2018-02-20

NAKAMURA, Yasushi (2018): Soviet macroeconomic data. Version: 2. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.