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Russia’s Real National Income: The Great War, Civil War, and Recovery, 1913 to 1928

Author

Listed:
  • Andrei Markevich

    (New Economic School)

  • Mark Harrison

    (Department of Economics, University of Warwick)

Abstract
We are working towards filling the last remaining gap in the historical national accounts of Russia and the USSR in the twentieth century. The gap includes the GreatWar (1914 to 1917), the Bolshevik Revolution, the CivilWar andWar Communism (1918 to 1921), and postwar recovery under the New Economic Policy of a mixed economy (1921 to 1928). Our work builds on our predecessors and also returns to a number of original sources. We find that the economic performance of the Russian Empire in wartime was somewhat better than previously thought; that of War Communism was correspondingly worse. We confirm the persistence of losses associated with the Civil War into the postwar period, or the failure of the New Economic Policy to achieve full recovery, or some mixture of both.We conclude that the GreatWar and CivilWar produced the deepest economic trauma of Russia’s troubled twentieth century.

Suggested Citation

  • Andrei Markevich & Mark Harrison, 2009. "Russia’s Real National Income: The Great War, Civil War, and Recovery, 1913 to 1928," Working Papers w0130, New Economic School (NES).
    • Handle: RePEc:abo:neswpt:w0130
    as

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    File URL: https://www.nes.ru/files/Preprints-resh/WP130.pdf
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    References listed on IDEAS

    as
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    5. Steven Rosefielde, 2001. "Premature Deaths: Russia's Radical Economic Transition in Soviet Perspective," Europe-Asia Studies, Taylor & Francis Journals, vol. 53(8), pages 1159-1176.
    6. Rosefielde, Steven & Pfouts, Ralph W., 1995. "Neoclassical Norms and the Valuation of National Product in the Soviet Union and Its Postcommunist Successor States," Journal of Comparative Economics, Elsevier, vol. 21(3), pages 375-389, December.
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    Cited by:

    1. Prados de la Escosura, Leandro, 2019. "Human Development in the Age of Globalisation," CAGE Online Working Paper Series 421, Competitive Advantage in the Global Economy (CAGE).
    2. Leandro Prados de la Escosura, 2015. "World Human Development: 1870–2007," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 61(2), pages 220-247, June.
    3. repec:cte:whrepe:wp13-01 is not listed on IDEAS

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    More about this item

    Keywords

    Civil War; GDP; Russia; Soviet Union; World War I;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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