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An Empirical Analysis of Uncertainty and Investment During the Great Depression
Published online by Cambridge University Press: 03 March 2009
Abstract
- Type
- Summary of Doctoral Dissertations
- Information
- Copyright
- Copyright © The Economic History Association 1994
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
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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
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