Hostname: page-component-586b7cd67f-2brh9 Total loading time: 0 Render date: 2024-11-25T04:04:39.175Z Has data issue: false hasContentIssue false
  • English
  • Français

An Empirical Analysis of Uncertainty and Investment During the Great Depression

Published online by Cambridge University Press:  03 March 2009

David A. Zalewski
David A. Zalewski
Affiliation:
Providence College
Get access Rights & Permissions [Opens in a new window]

Abstract

An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Summary of Doctoral Dissertations
Information
The Journal of Economic History , Volume 54 , Issue 2 , June 1994 , pp. 428 - 429
Copyright
Copyright © The Economic History Association 1994

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

1 This dissertation was completed in May 1993 in the Department of Economics at Clark University under the direction of J. Peter Ferderer, John C. Brown, and Attiat F. Ott.

2 Romer, Christina D., “The Great Crash and the Onset of the Great Depression,” Quarterly Journal of Economics, 105 (08 1990), pp. 597–624.CrossRefGoogle Scholar

3 For a discussion of the irreversibility hypothesis, see Pindyck, Robert S., “Irreversibility, Uncertainty, and Investment,” The Journal of Economic Literature, 29 (09 1991), pp. 1110–1148.Google Scholar

4 Net investment was negative between 1931 and 1934, and again in 1937 and 1938. This decline lowered the per-capita stock of capital and delayed the embodiment of technical progress.

5 For example, see Engle, Robert F., Lilien, David, and Robins, Russell, “Estimating Time-Varying Risk Premia in the Term Structure: The ARCH-M Model,” Econometrica, 55 (03 1987), pp. 391–407.CrossRefGoogle Scholar

6 Eichengreen, Barry, Golden Fetters: The Gold Standard and the Great Depression (New York, 1992).Google Scholar

7 Gordon, Robert J. and Veitch, John M., “Fixed Investment in the American Business Cycle, 1919–1983,” in Gordon, Robert J., ed., The American Business Cycle: Continuity and Change (Chicago, 1986).CrossRefGoogle Scholar