LABOR PRODUCTIVITY DURING THE GREAT-DEPRESSION

被引：1

作者：

BORDO, MD ^{[1
]}

EVANS, CL ^{[1
]}

机构：

[1] FED RESERVE BANK CHICAGO,RES DEPT,CHICAGO,IL 60604

来源：

ECONOMICS LETTERS | 1995年 / 47卷 / 01期

关键词：

COUNTERCYCLICAL MANUFACTURING; LABOR PRODUCTIVITY; GREAT DEPRESSION;

D O I：

10.1016/0165-1765(94)00517-6

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

During the 1929-33 contraction, labor productivity was countercyclical in several manufacturing sectors - evidence consistent with the view that large negative demand shocks pushed the economy down a static, neoclassical production function. This evidence does not readily square with explanations for the contraction emphasizing labor hoarding and increasing returns.

引用

页码：41 / 45

页数：5

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