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Groningen Growth and Development Centre

Faculty of Economics and Business
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Did technology shock drive the Great Depression?

Date:20 September 2016
JEH, September 2016
JEH, September 2016

Robert Inklaar, Herman de Jong and Reitze Gouma have published a note in the Journal of Economic HistoryIn this paper, titled "A Note on Technology Shocks and the Great Depression", they argue that their own earlier work and a more recent contribution by Shingo Watanabe provide strong complementary evidence against the technology-driven Great Depression that is the hallmark of Real Business Cycle models.

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