Assessing the Soviet Oil Economy
Keaton, Charles Grant
Gustafson, Thane E
This research evaluates the methodologies used by four leading macroeconomic models—SOVMOD, SOVSIM, the RAND model, and the Decision Sciences Application model—to study the Soviet oil economy, a key yet opaque sector of the overall Soviet economy. In particular, the assessment focuses on how and with what success the models used trend analysis, optimization, bottleneck analysis, production functions, and total factor productivity. The research finds that techniques which relied on aggregate macroeconomic measures did not correspond to Soviet oil production as closely as more detailed methods using intermediate products. This finding is worthy of consideration in the present day, as countries with less transparent economic structures, in particular the People’s Republic of China, are influencing international relations through economic size and complexity. Such a finding provides insight into the successes and the limitations of techniques used to measure that which cannot be directly measured.
MetadataShow full item record
Showing items related by title, author, creator and subject.
Mikulski, Joanna Marie (2007-04-12)Empirical research and sociological theory link living in a high poverty neighborhood, segregated from other social classes, to decreased individual educational, economic and social outcomes. In response, U.S. cities have ...