| Abstract: | This paper examines the relationship between the mobilization of resources into capital projects and the completion of new productive capacity in two ‘shortage’ economies—China and the USSR. Causes of delayed commissioning of new capacity, and the role of unfinished construction in the investment cycle, are analysed. Annual data over a long period are presented for both economies—for the USSR 1928–37 and 1950–83, and for China 1950–82. Changes over time in the relationship between investment mobilization and capacity completion are considered, along with differences and similarities between the records of the two economies under investigation. |
