The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937
The severity of the Great Depression in the United States varied by region. Most notably compared with the rest of the country, the South Atlantic states experienced a milder contraction while the Mountain states suffered more severely. The impact of the contraction was more" uniform across other regions of the country--surprisingly so, considering the large regional" differences in industrial structure. We employ data from the biennial Census of Manufactures on" 20 individual manufacturing industries disaggregated by state to analyze the relative" contributions of industry mix and location to regional variations in economic performance during" the period 1919-1937. Industrial composition had a significant impact on regional employment" growth, with regions that concentrated on the production of durable goods or inputs to the" construction sector tending to fare worse than others. Long-run regional trends also played an" important role in regional variation, and explain much of the South Atlantic region's more" favorable performance over the cycle.
|Date of creation:||Nov 1997|
|Publication status:||published as Rosenbloom, Joshua L. and William A. Sundstrom. "The Sources Of Regional Variation In The Severity Of The Great Depression: Evidence From U.S. Manufacturing, 1919-1937," Journal of Economic History, 1999, v59(3,Sep), 714-747.|
|Contact details of provider:|| Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.|
Web page: http://www.nber.org
More information through EDIRC
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.:
- Wright, Gavin, 1974. "The Political Economy of New Deal Spending: An Econometric Analysis," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 30-38, February.
- Christina D. Romer, 1990. "The Great Crash and the Onset of the Great Depression," The Quarterly Journal of Economics, Oxford University Press, vol. 105(3), pages 597-624.
- Field, Alexander James, 1992. "Uncontrolled Land Development and the Duration of the Depression in the United States," The Journal of Economic History, Cambridge University Press, vol. 52(04), pages 785-805, December.
- Olivier Jean Blanchard & Lawrence F. Katz, 1992. "Regional Evolutions," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(1), pages 1-76.
- Marimon, Ramon & Zilibotti, Fabrizio, 1998.
"'Actual' versus 'virtual' employment in Europe Is Spain different?,"
European Economic Review,
Elsevier, vol. 42(1), pages 123-153, January.
- Marimon, Ramon & Zilibotti, Fabrizio, 1996. "'Actual' versus 'Virtual' Employment in Europe: Is Spain Different?," CEPR Discussion Papers 1427, C.E.P.R. Discussion Papers.
- Todd E. Clark, 1992. "Business cycle fluctuations in U.S. regions and industries: the roles of national, region-specific, and industry-specific shocks," Research Working Paper 92-05, Federal Reserve Bank of Kansas City.
- Wallis, John Joseph, 1989. "Employment in the Great Depression: New data and hypotheses," Explorations in Economic History, Elsevier, vol. 26(1), pages 45-72, January.
- Simon, Curtis J & Nardinelli, Clark, 1992. "Does Industrial Diversity Always Reduce Unemployment? Evidence from the Great Depression and After," Economic Inquiry, Western Economic Association International, vol. 30(2), pages 384-397, April.
- Schmitz, Mark & Fishback, Price V., 1983. "The Distribution of the Income in the Great Depression: Preliminary State Estimates," The Journal of Economic History, Cambridge University Press, vol. 43(01), pages 217-230, March.
- Robert A. Margo, 1993. "Employment and Unemployment in the 1930s," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 41-59, Spring.
- Robert A. Margo, 1992. "Employment and Unemployment in the 1930s," NBER Working Papers 4174, National Bureau of Economic Research, Inc.
- Hamilton, James D., 1987. "Monetary factors in the great depression," Journal of Monetary Economics, Elsevier, vol. 19(2), pages 145-169, March.
- Charles W. Calomiris, 1993. "Financial Factors in the Great Depression," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 61-85, Spring. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:6288. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.