Russian Price Reform Eliminates Shortages, Alters Meat Consumption

Setting the stage for the evolution toward a free-market economy from central planning has entailed both positive and difficult adjustments in Russiathe largest former Soviet republic. Food shortages in state stores, once universal, are now sporadic. Overall food consumption has dropped-particularly consumption of livestock products, which had been maintained at artificially high levels before the reforms. These changes resulted from partial price deregulation (which eliminated shortages and shifted relative prices) and restrictive wage policy (which eroded real incomes). These trends will likely continue in 1994, if prices remain deregulated and if the level of producer subsidies does not increase substantially.


Issue Date:
Sep 09 1993
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/266121
ISSN:
1056-327X
Language:
English
Published in:
Food Review: The Magazine of Food Economics, Volume 16, Issue 3
Page range:
12-16




 Record created 2017-12-18, last modified 2018-01-22

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