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A Note on Technology Shocks and the Great Depression

Published online by Cambridge University Press:  30 August 2016

Robert Inklaar ,
Herman de Jong  and
Reitze Gouma
Robert Inklaar
Affiliation:
Robert Inklaar is Associate Professor, Herman de Jong is Professor, and Reitze Gouma is Research Assistant at the Faculty of Economics and Business, University of Groningen, P.O. Box 800, 9700 AV, Groningen, The Netherlands. E-mails: r.c.inklaar@rug.nl, h.j.de.jong@rug.nl, and f.r.gouma@rug.nl.
Herman de Jong
Affiliation:
Robert Inklaar is Associate Professor, Herman de Jong is Professor, and Reitze Gouma is Research Assistant at the Faculty of Economics and Business, University of Groningen, P.O. Box 800, 9700 AV, Groningen, The Netherlands. E-mails: r.c.inklaar@rug.nl, h.j.de.jong@rug.nl, and f.r.gouma@rug.nl.
Reitze Gouma
Affiliation:
Robert Inklaar is Associate Professor, Herman de Jong is Professor, and Reitze Gouma is Research Assistant at the Faculty of Economics and Business, University of Groningen, P.O. Box 800, 9700 AV, Groningen, The Netherlands. E-mails: r.c.inklaar@rug.nl, h.j.de.jong@rug.nl, and f.r.gouma@rug.nl.
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Abstract

The role of technology shocks as a driver of the Great Depression is the topic of our own earlier work and the paper by Watanabe in this issue. While the two studies differ in their data and assumptions, they complement each other and strengthen the conclusion of both papers: technology shocks were not the driving force of the Great Depression.

Type
Articles
Information
The Journal of Economic History , Volume 76 , Issue 3 , September 2016 , pp. 934 - 936
Copyright
Copyright © The Economic History Association 2016 

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References

REFERENCES

Basu, Susanto, Fernald, John G., and Kimball, Miles S.. “Are Technology Improvements Contractionary?” American Economic Review 96, no. 5 2006: 1418–48.CrossRefGoogle Scholar
Inklaar, Robert, de Jong, Herman, and Gouma, Reitze. “Did Technology Shocks Drive the Great Depression? Explaining Cyclical Productivity Movements in U.S. Manufacturing, 1919–1939.” Journal of Economic History 71, no. 4 2011: 827–58.CrossRefGoogle Scholar
Watanabe, Shingo. “Technology Shocks and the Great Depression.” Journal of Economic History 76, no. 3 2016: 909–933.CrossRefGoogle Scholar