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The French Depression in the 1930s

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Author Info

  • Paul Beaudry

    (University of British Columbia)

  • Franck Portier

    (Universite de Toulouse)

Abstract

This paper show that, first, in contradiction with the conventional view regarding the French depression, there are more similarities than differences between the French and U.S. episodes in the 1930s, which suggests the need for an explanation with a similar cause; second, technological change (regression or stagnation) is neither sufficient nor necessary to account for the French Depression; third, institutional and market regulation changes provide an explanation that is quantitatively plausible, but the causes of those changes are still to be explained. (Copyright: Elsevier)

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File URL: http://dx.doi.org/10.1006/redy.2001.0143
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Bibliographic Info

Article provided by Elsevier for the Society for Economic Dynamics in its journal Review of Economic Dynamics.

Volume (Year): 5 (2002)
Issue (Month): 1 (January)
Pages: 73-99

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Handle: RePEc:red:issued:v:5:y:2002:i:1:p:73-99

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Related research

Keywords: France; depression; growth accounting; technological change;

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References

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  1. Edward C. Prescott, 1999. "Some observations on the Great Depression," Quarterly Review, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Minneapolis, issue Win, pages 25-29.
  2. Harold L. Cole & Lee E. Ohanian, 2001. "New Deal policies and the persistence of the Great Depression: a general equilibrium analysis," Working Papers, Federal Reserve Bank of Minneapolis 597, Federal Reserve Bank of Minneapolis.
  3. L. Wade, 1988. "Review," Public Choice, Springer, Springer, vol. 58(1), pages 99-100, July.
  4. Harold L. Cole & Lee E. Ohanian, 1999. "The Great Depression in the United States from a neoclassical perspective," Quarterly Review, Federal Reserve Bank of Minneapolis, Federal Reserve Bank of Minneapolis, issue Win, pages 2-24.
  5. Greenwood, Jeremy & Hercowitz, Zvi & Huffman, Gregory W, 1988. "Investment, Capacity Utilization, and the Real Business Cycle," American Economic Review, American Economic Association, American Economic Association, vol. 78(3), pages 402-17, June.
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Citations

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Cited by:
  1. Deniz Cicek & Ceyhun Elgin, 2010. "Not-Quite-Great Depressions of Turkey: A Quantitative Analysis of Economic Growth over 1968 - 2004," Working Papers, Bogazici University, Department of Economics 2010/07, Bogazici University, Department of Economics.
  2. Eduardo L. Giménez & María Montero, 2012. "The Great Depression in Spain," Documentos de trabajo - Analise Economica, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia 0048, IDEGA - Instituto Universitario de Estudios e Desenvolvemento de Galicia.
  3. Harold L. Cole & Lee E. Ohanian, 2013. "The Impact of Cartelization, Money, and Productivity Shocks on the International Great Depression," NBER Working Papers 18823, National Bureau of Economic Research, Inc.
  4. Albrecht Ritschl & Tobias Straumann, 2009. "Business cycles and economic policy, 1914-1945: a survey," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History 22402, London School of Economics and Political Science, Department of Economic History.
  5. Eduardo Sanchez Astorino & Mauro Rodrigues Junior, 2014. "The Great Depression In Brazil," Anais do XL Encontro Nacional de Economia [Proceedings of the 40th Brazilian Economics Meeting], ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Grad 035, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
  6. Klein, Alexander & Otsuy, Keisuke, 2013. "Efficiency, Distortions and Factor Utilization during the Interwar Period," CAGE Online Working Paper Series, Competitive Advantage in the Global Economy (CAGE) 147, Competitive Advantage in the Global Economy (CAGE).
  7. Monique Ebell & Albrecht Ritschl, 2008. "Real Origins of the Great Depression: Monopoly Power, Unions and the American Business Cycle in the 1920s," CEP Discussion Papers, Centre for Economic Performance, LSE dp0876, Centre for Economic Performance, LSE.
  8. Bridji, Slim, 2013. "The French Great Depression: A business cycle accounting analysis," Explorations in Economic History, Elsevier, Elsevier, vol. 50(3), pages 427-445.
  9. Alex Klein & Keisuke Otsu, 2013. "Efficiency, Distortions and Factor Utilization during the Interwar Period," Studies in Economics, Department of Economics, University of Kent 1317, Department of Economics, University of Kent.

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