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Gab es Überinvestitionen im Vorfeld der Großen Depression?
Overinvestment in the run-up of the great depression?
[journal article]
Abstract 'After a brief survey of the relationship between investment and business cycles the article analyzes whether there was macro-economic overinvestment in the second half of the 1920s in the U.S. and in Germany. Based on different indicators no empirical evidence for excessive investment in machinery ... view more
'After a brief survey of the relationship between investment and business cycles the article analyzes whether there was macro-economic overinvestment in the second half of the 1920s in the U.S. and in Germany. Based on different indicators no empirical evidence for excessive investment in machinery and equipment as well as in buildings in the wake of the Great Depression is found.' (author's abstract)... view less
Keywords
business cycle; balance of payments; business cycle theory; investment income; national state; North America; interest rate; historical analysis; Weimar Republic (Germany, 1918-33); Great Depression; credit policy; savings; monetary policy; United States of America; economic theory; Keynes, J.; investment; national accounts statistic; Hayek, F.; current account; gross national product; Schumpeter, J.
Classification
National Economy
Social History, Historical Social Research
Method
theory application; empirical; historical; quantitative empirical
Document language
German
Publication Year
2009
Page/Pages
p. 402-418
Journal
Historical Social Research, 34 (2009) 4
DOI
https://doi.org/10.12759/hsr.34.2009.4.402-418
ISSN
0172-6404
Status
Published Version; peer reviewed