Replication data for: The Finnish Great Depression: From Russia with Love
Principal Investigator(s): View help for Principal Investigator(s) Yuriy Gorodnichenko; Enrique G. Mendoza; Linda L. Tesar
Version: View help for Version V1
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Project Citation:
Gorodnichenko, Yuriy, Mendoza, Enrique G., and Tesar, Linda L. Replication data for: The Finnish Great Depression: From Russia with Love. Nashville, TN: American Economic Association [publisher], 2012. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112533V1
Project Description
Summary:
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Why did Finland experience, in 1991-1993, the deepest recession observed in an industrialized country since the 1930s? Using a dynamic general equilibrium model with
labor frictions, we argue that the collapse of the Soviet-Finnish trade was a major contributor to the contraction. Finland's experience mirrors that of the transition
economies of Eastern Europe, which suffered similar deep recessions coupled with institutional changes. By focusing on the Finnish case, we isolate the effects of the Finnish-Soviet trade collapse and shed new light on the sources of recessions in transition economies.
Scope of Project
JEL Classification:
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E32 Business Fluctuations; Cycles
F14 Empirical Studies of Trade
F41 Open Economy Macroeconomics
P33 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, Relations, and Aid
E32 Business Fluctuations; Cycles
F14 Empirical Studies of Trade
F41 Open Economy Macroeconomics
P33 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, Relations, and Aid
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