Cheremukhin, Anton; Golosov, Mikhail; Guriev, Sergei; … - C.E.P.R. Discussion Papers - 2013
in 1936-1940 relative to their 1885-1913 levels, while TFP remained generally below pre-WWI trends. Under the … neoclassical growth model, projections of these estimated wedges imply that Stalin’s economic policies led to welfare loss of -24 …: comparison with Japan, comparison with the New Economic Policy (NEP), and assuming alternative post-1940 growth scenarios. …