A Simple Macroeconomic Model of Soviet-type Economy A Simple Macroeconomic Model of Soviet-type Economy

Much literature on the Soviet economy has been accumulated since the 2nd World War. But we have few works of a theoretical macroeconomic analysis of Soviet economy. It is because the Soviet economic structure is so different from the economic structure of Western economies, and it is difficult to use our familiar macroeconomic analysis for the analysis of Soviet economy. Since we lack any significant macro-theory of the Soviet-type economy, it is difficult to develop a macro-model. The purpose of this paper is to present an attempt to develop a simple theoretical macroeconomic model of Soviet-type economy.

Much literature on the Soviet economy has been accumulated since the 2nd World War. But we have few works of a theoretical macroeconomic analysis of Soviet economy. It is because the Soviet economic structure is so different from the economic structure of Western economies, and it is difficult to use our familiar macroeconomic analysis for the analysis of Soviet economy. Since we lack any significant macro-theory of the Soviet-type economy, it is difficult to develop a macro-model. The purpose of this paper is to present an attempt to develop a simple theoretical macroeconomic model of Soviet-type economy.