Actual aspects of the effectiveness of the new economic policy (NEP) for the industrial development of the Soviet Union in the interwar years
The authors demonstrate in the article the impact of institutional changes on socio-economic development on the example of Soviet Russia and the USSR. The authors state that industrialization in the USSR began later as this could be, because during the Civil war there was a reduction in the number of qualified personnel in industry, while maintaining a relatively satisfactory amount of capital for the economic development. In this regard, the authors consider the NEP as not a temporary retreat to the market, considering it a purely political interpretation of the NEP, but as a process of overcoming the imbalance between labor resources and capital in industry. For the first time in the historiography of the NEP, the authors use the Cobb-Douglas function to construct a hypothetical counterfactual model of the USSR development in the 1930s on the basis of the "long" NEP.