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Gab es Überinvestitionen im Vorfeld der Großen Depression?

Overinvestment in the run-up of the great depression?
[journal article]

Grömling, Michael

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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 and equipment as well as in buildings in the wake of the Great Depression is found.' (author's abstract)
Keywords North America; historical analysis; investment; balance of payments; current account; economic theory; national state; gross national product; national accounts statistic; Weimar Republic (Germany, 1918-33); monetary policy; United States of America; credit policy; Hayek, F.; investment income; Keynes, J.; business cycle; business cycle theory; Great Depression; Schumpeter, J.; savings; interest rate
Classification National Economy; Social History, Historical Social Research
Method empirical; quantitative empirical; historical; theory application
Document language German
Publication Year 2009
Page/Pages p. 402-418
Journal Historical Social Research, 34 (2009) 4
ISSN 0172-6404
Status Published Version; peer reviewed
Licence Creative Commons - Attribution-Noncommercial-No Derivative Works