Weltwirtschaftkrise und New-Economy-Crash: Parallelen und Unterschiede
[Great Depression and New-Economy-Crash: analogies and differences]
AbstractWhen comparing the New Economy and the time before the Great Depression there are two obvious analogies. In the 1920s as in the 1990s there was an investment boom triggered through the use of new technologies and rapid technological development. In the 1920s, these were the electricity and the combustion engine, in the 1990s computer hardware, software and network technologies. This boom seemed to promise steadily rising corporate profits. The capital needs could be well covered ever the stock, as earnings expectations were high. Both decades had an acceleration of productivity growth, low unemployment and low inflation rates. The sharp fall of the stock was just like the previous stock market boom equally an indicator of both scenarios. In both cases a stock market bubble had formed. The real economic development after the stock market crash, however, differs fundamentally.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 13287.
Date of creation: 2005
Date of revision:
Great Depression ; Weltwirtschaftskrise ; New Economy;
Find related papers by JEL classification:
- F00 - International Economics - - General - - - General
- N12 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: 1913-
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
You can help add them by filling out this form.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.