The Industrialization and Economic Development of Russia through the Lens of a Neoclassical Growth Model
通过两部门新古典增长模型,研究1885-1940年俄罗斯从农业向工业经济的结构转型,发现非农业部门进入壁垒和垄断是沙俄工业化失败的主因,而苏联的工业化主要通过减少这些摩擦实现。
This article studies the structural transformation of Russia in 1885–1940 from an agrarian to an industrial economy through the lens of a two-sector neoclassical growth model. We construct a data set that covers Tsarist Russia during 1885–1913 and Soviet Union during 1928–1940. We develop a methodology that allows us to identify the types of frictions and economic mechanisms that had the largest quantitative impact on Russian economic development. We find that entry barriers and monopoly power in the non-agricultural sector were the most important reason for Tsarist Russia’s failure to industrialize before World War I. Soviet industrial transformation after 1928 was achieved primarily by reducing such frictions, albeit coinciding with a significantly lower performance of productivity in both agricultural and non-agricultural sectors. We find no evidence that Tsarist agricultural institutions were a significant barrier to labour reallocation to manufacturing, or that “Big Push” mechanisms were a major driver of Soviet growth.