Abstract
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.
Get full access to this article
View all access options for this article.
References
1.
Anchishkin, A.
1977 . The Theory of Grouwth of a Socialist Economy . Progress Publishers , Moscow .
2.
Andrews, J.G.
, and
R.R. McLone
. 1976 . Mathematical Modelling . London , Butterworths .
3.
Bonanno, G.
1987 . Monopoly Equilibria and Catastrophe Theory . Australian Economic Papers
26 : 197 -215 .
4.
Burkett, J.P.
1987 . Soviet Socioeconomic Development: A Fold Catastrophe?
Comparative Economic Studies (293 ): 7 -93 .
5.
Clarke, R.
and
D. Matko
. 1983 . Soviet Economic Facts . London , Macmillan .
6.
Chillingworth, D.R.J.
1976 . Structural Stability of Mathematical Models: The Role of Catastrophe Method , ch. 17 in Andrews et al.
7.
Dodgson, J.S.
1982 . Kinks and Catastrophes: A Note on the Relevance of Catastrophe Theory for Economics . Australian Economic Papers
21 : 47 -415 .
8.
Ellman, M.
1989 . Socialist Planning . 2nd Edition . Cambridge : Cambridge University Press .
9.
Harris, L.
1979 . Catastrophe Theory, Utility Theory and Animal Spirit Expectations . Australian Economic Papers
18 : 268 -282 .
10.
Intriligator, M.D.
1971 . Mathematical Optimisation and Economic Theory . Englewood Cliffs, N.J. , Prentice-Hall .
11.
Kantorovich, L.V.
1959 . Mathematical Formulation of the Problem of Optimal Planning . In, Nove and Nuti (1976) , pp. 435 -468 .
12.
Nove, A.
1976 . An Economic History of the U.S.S.R . Pelican Books .
13.
Nove, A.
1986 . The Soviet Economic System.
3rd Edition . Allen and Unwin .
14.
Nove, A.
, and
D.M. Nuti
(eds.). 1976 . Socialist Economics . Penguin Books .
15.
Morishima, M.
and
G. Catephores
. 1978 . Value, Exploitation and Growth
MacGraw-Hill .
16.
Murphy, J.W.
1991 . Catastrophe Theory: Implications for Probability . American Journal of Economics and Sociology
5 : 143 -148 .
17.
Poston, T.
, and
I. Stewart
. 1978 . Catastrophe Theory and its Applications . London , Pitman .
18.
Takayama, A.
1985 . Mathematical Economics . 2nd Edition . Cambridge : Cambridge University Press .
19.
Varian, H.
1979 . Catastrophe Theory and the Business Cycle . Economic Inquiry , XVII : 14 -28 .
20.
Woodcock, A.
, and
M. Davis
. 1980 . Catastrophe Theory . Pelican Books .