«The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps

This article analyzes and compares the performance of the industrial sector during the «Great Depression» of the 1930s and the «Great Recession» that began in 2007 using the best available synthetic indicator, the Index of Industrial Production. The main objective is to update and extend the exercis...

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Detalles Bibliográficos
Autores: Parejo Barranco, J. Antonio, 1956-, Sudrià, Carles, 1953-
Tipo de recurso: artículo
Estado:Versión publicada
Fecha de publicación:2012
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/114585
Acceso en línea:https://hdl.handle.net/2445/114585
Access Level:acceso abierto
Palabra clave:Història econòmica
Crisi econòmica del 1929
Crisi econòmica, 2008-2009
Indústria
Crisis financeres
Economic history
Depression, 1929
Global Financial Crisis, 2008-2009
Industry
Financial crises
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repository_id_str
spelling «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumpsParejo Barranco, J. Antonio, 1956-Sudrià, Carles, 1953-Història econòmicaCrisi econòmica del 1929Crisi econòmica, 2008-2009IndústriaCrisis financeresEconomic historyDepression, 1929Global Financial Crisis, 2008-2009IndustryFinancial crisesThis article analyzes and compares the performance of the industrial sector during the «Great Depression» of the 1930s and the «Great Recession» that began in 2007 using the best available synthetic indicator, the Index of Industrial Production. The main objective is to update and extend the exercise presented by Barry Eichengreen and Kevin O'Rourke in 2009 and 2010 in the voxEU website. In addition to extending the analysis of the «Great Recession» with the latest monthly figures available for the world as a whole, we have introduced regional and country level analysis, and also a broader view using annual data for periods of around twenty years. The results generally confirm what was observed by Eichengreen and O'Rourke and other authors who have dealt with industrial activity. However, our approach emphasizes two elements that we believe should be incorporated into the debate: the actual development of the industrial sector (especially the manufacturing subsector) in the years preceding each crisis and the stage of development of the prevailing technological paradigm when the productive contraction occurred.Universitat de Barcelona2012info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://hdl.handle.net/2445/114585Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)reponame:Dipòsit Digital de la UBinstname:Universidad de BarcelonaInglésReproducció del document publicat a: http://www.raco.cat/index.php/HistoriaIndustrial/article/view/258168Revista de Historia Industrial, 2012, vol. 48, p. 23-48(c) Universitat de Barcelona, 2012info:eu-repo/semantics/openAccessoai:diposit.ub.edu:2445/1145852026-05-27T06:46:51Z
dc.title.none.fl_str_mv «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
title «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
spellingShingle «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
Parejo Barranco, J. Antonio, 1956-
Història econòmica
Crisi econòmica del 1929
Crisi econòmica, 2008-2009
Indústria
Crisis financeres
Economic history
Depression, 1929
Global Financial Crisis, 2008-2009
Industry
Financial crises
title_short «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
title_full «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
title_fullStr «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
title_full_unstemmed «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
title_sort «The Great Depression» versus «The Great Recession». Financial crashes and industrial slumps
dc.creator.none.fl_str_mv Parejo Barranco, J. Antonio, 1956-
Sudrià, Carles, 1953-
author Parejo Barranco, J. Antonio, 1956-
author_facet Parejo Barranco, J. Antonio, 1956-
Sudrià, Carles, 1953-
author_role author
author2 Sudrià, Carles, 1953-
author2_role author
dc.subject.none.fl_str_mv Història econòmica
Crisi econòmica del 1929
Crisi econòmica, 2008-2009
Indústria
Crisis financeres
Economic history
Depression, 1929
Global Financial Crisis, 2008-2009
Industry
Financial crises
topic Història econòmica
Crisi econòmica del 1929
Crisi econòmica, 2008-2009
Indústria
Crisis financeres
Economic history
Depression, 1929
Global Financial Crisis, 2008-2009
Industry
Financial crises
description This article analyzes and compares the performance of the industrial sector during the «Great Depression» of the 1930s and the «Great Recession» that began in 2007 using the best available synthetic indicator, the Index of Industrial Production. The main objective is to update and extend the exercise presented by Barry Eichengreen and Kevin O'Rourke in 2009 and 2010 in the voxEU website. In addition to extending the analysis of the «Great Recession» with the latest monthly figures available for the world as a whole, we have introduced regional and country level analysis, and also a broader view using annual data for periods of around twenty years. The results generally confirm what was observed by Eichengreen and O'Rourke and other authors who have dealt with industrial activity. However, our approach emphasizes two elements that we believe should be incorporated into the debate: the actual development of the industrial sector (especially the manufacturing subsector) in the years preceding each crisis and the stage of development of the prevailing technological paradigm when the productive contraction occurred.
publishDate 2012
dc.date.none.fl_str_mv 2012
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/114585
url https://hdl.handle.net/2445/114585
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Reproducció del document publicat a: http://www.raco.cat/index.php/HistoriaIndustrial/article/view/258168
Revista de Historia Industrial, 2012, vol. 48, p. 23-48
dc.rights.none.fl_str_mv (c) Universitat de Barcelona, 2012
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Universitat de Barcelona, 2012
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universitat de Barcelona
publisher.none.fl_str_mv Universitat de Barcelona
dc.source.none.fl_str_mv Articles publicats en revistes (Història Econòmica, Institucions, Política i Economia Mundial)
reponame:Dipòsit Digital de la UB
instname:Universidad de Barcelona
instname_str Universidad de Barcelona
reponame_str Dipòsit Digital de la UB
collection Dipòsit Digital de la UB
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.300724

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