Cover: Ruble Price Levels and Dollar-Ruble Ratios of Soviet Machinery in the 1960s.

Ruble Price Levels and Dollar-Ruble Ratios of Soviet Machinery in the 1960s.

Published 1973

by Abraham S. Becker

Purchase Print Copy

 Format Price
Add to Cart Paperback66 pages $25.00

Assesses evidence from Soviet sources on wholesale prices of Soviet machinery and recomputes the dollar parity of the Soviet machinery ruble. Official Soviet indexes show an almost monotonic decline of machinery and metalworking prices in the 1960s. However, the evidence strongly indicates that average level of machinery prices rose. The official index evidently ignores new products priced disproportionally high relative to standard counterparts. Machinery prices are estimated as 10 percent above the 1960 level in 1965 and 15 percent higher in 1970. Soviet sources report fragmentary information but indicate an average dollar parity for the machinery ruble below $2.00. Two U.S. estimates for 1955 are $2.85 and $2.31, and the author's computation is $2.53 or $2.64, depending on the weights. For 1955-1970 the adjusted dollar-ruble ratio is estimated in the range $2.25-$2.65. Criticism of ratios in this range are considered and refuted. The contradiction between Soviet and Western estimates remains unresolved. 66 pp. Ref.

This report is part of the RAND report series. The report was a product of RAND from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit

RAND is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.