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Why Did Productivity Fall So Much during the Great Depression?

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Lee E. Ohanian

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Article provided by American Economic Association in its journal American Economic Review.

Volume (Year): 91 (2001)
Issue (Month): 2 (May)
Pages: 34-38
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Handle: RePEc:aea:aecrev:v:91:y:2001:i:2:p:34-38

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Bernanke, Ben S & Parkinson, Martin L, 1991. "Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 439-59, June. [Downloadable!] (restricted)
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  2. Prescott, Edward C & Visscher, Michael, 1980. "Organization Capital," Journal of Political Economy, University of Chicago Press, vol. 88(3), pages 446-61, June. [Downloadable!] (restricted)
  3. Andrew Atkeson & Patrick J. Kehoe, 2005. "Modeling and measuring organization capital," Staff Report 291, Federal Reserve Bank of Minneapolis. [Downloadable!]
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  4. Harold L. Cole & Lee E. Ohanian, 2000. "Re-examining the contributions of money and banking shocks to the U.S. Great Depression," Staff Report 270, Federal Reserve Bank of Minneapolis. [Downloadable!]
  5. Lawrence H. Summers, 1986. "Some skeptical observations on real business cycle theory," Quarterly Review, Federal Reserve Bank of Minneapolis, issue Fall, pages 23-27. [Downloadable!]
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  6. Andrew Atkeson & Patrick J. Kehoe, 1993. "Industry evolution and transition: the role of information capital," Staff Report 162, Federal Reserve Bank of Minneapolis. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Nicholas Bloom, 2007. "The Impact of Uncertainty Shocks," NBER Working Papers 13385, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  2. Keiichiro Kobayashi & Masaru Inaba, 2006. "Borrowing constraints and protracted recessions," Discussion papers 06011, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
  3. Edward C. Prescott, 2002. "Prosperity and Depression: 2002 Richard T. Ely Lecture," Working Papers 618, Federal Reserve Bank of Minneapolis. [Downloadable!]
  4. Harold L. Cole & Lee E. Ohanian & Ron Leung, 2005. "Deflation and the International Great Depression: A Productivity Puzzle," NBER Working Papers 11237, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  5. Keisuke Otsu, 2007. "A Neoclassical Analysis of the Asian Crisis: Business Cycle Accounting of a Small Open Economy," IMES Discussion Paper Series 07-E-16, Institute for Monetary and Economic Studies, Bank of Japan. [Downloadable!]
  6. Mario J. Crucini & James Kahn, 2003. "Tariffs and the Great Depression Revisited," Working Papers 0316, Department of Economics, Vanderbilt University. [Downloadable!]
    Other versions:
  7. Weder, Mark, 2003. "Some Observations on the Great Depression in Germany," CEPR Discussion Papers 3716, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  8. Keiichiro Kobayashi, 2004. "Payment Uncertainty and the Productivity Slowdown," Discussion papers 04029, Research Institute of Economy, Trade and Industry (RIETI). [Downloadable!]
    Other versions:
  9. Luca, PENSIEROSO, 2005. "Real Business Cycle Models of the Great Depression : a Critical Survey," Université catholique de Louvain, Département des Sciences Economiques Working Paper 2005005, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
    Other versions:
  10. Satyajit Chatterjee & Dean Corbae, 2006. "Monetary and financial forces in the Great Depression," Working Papers 06-12, Federal Reserve Bank of Philadelphia. [Downloadable!]
  11. Mark Weder, 2004. " The Role of Preference Shocks and Capital Utilization in the Great Depression," CDMA Working Paper Series 0405, Centre for Dynamic Macroeconomic Analysis. [Downloadable!]
    Other versions:
  12. Edward C. Prescott, 2002. "Richard T. Ely Lecture: Prosperity and Depression," American Economic Review, American Economic Association, vol. 92(2), pages 1-15, May. [Downloadable!] (restricted)
  13. Harrison, Sharon G & Weder, Mark, 2002. "Did Sunspot Forces Cause the Great Depression?," CEPR Discussion Papers 3267, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
  14. Nick Bloom, 2006. "The Impact of Uncertainty Shocks: Firm Level Estimation and a 9/11 Simulation," CEP Discussion Papers dp0718, Centre for Economic Performance, LSE. [Downloadable!]
  15. Tarek Coury & Yi Wen, 2007. "Global indeterminacy in locally determinate RBC models," Working Papers 2007-029, Federal Reserve Bank of St. Louis. [Downloadable!]
  16. Keiichiro Kobayashi, 2006. "Payment uncertainty, the division of labor, and productivity declines in great depressions," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 9(4), pages 715-741, October. [Downloadable!] (restricted)
    Other versions:
  17. Benjamin, David M. & Meza, Felipe, . "Total Factor Productivity and Labor Reallocation: The Case of the 1997 Korea Crisis," Discussion Paper Series In Economics And Econometrics 0701, Economics Division, School of Social Sciences, University of Southampton. [Downloadable!]
  18. Michel, DE VROEY & Luca, PENSIEROSO, 2005. "Real Business Cycle Theory and the Great Depression : The Abandonment of the Absentionist Viewpoint," Université catholique de Louvain, Département des Sciences Economiques Working Paper 2005054, Université catholique de Louvain, Département des Sciences Economiques. [Downloadable!]
    Other versions:
  19. Pedro Amaral & James C. MacGee, 2002. "The Great Depression in Canada and the United States: A Neoclassical Perspective," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 45-72, January. [Downloadable!] (restricted)
    Other versions:
  20. Keiichiro Kobayashi & Noriyuki Yanagawa, 2007. "Bank Distress and the Borrowers' Productivity," CIRJE F-Series CIRJE-F-521, CIRJE, Faculty of Economics, University of Tokyo. [Downloadable!]
  21. Weder, Mark, 2001. "The Great Demand Depression," CEPR Discussion Papers 3067, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
    Other versions:
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