File(s) not publicly available
Wages and Employment in Britain Between the Wars: Quarterly Evidence from the Shipbuilding Industry
journal contribution
posted on 2023-06-08, 08:45 authored by Ian Gazeley, Patricia RiceThe traditional view that the Great Depression of 1930-1932 arose from a collapse in aggregate demand has been challenged recently by economists who argue that the fundamental causes lay on the supply side of the market. This paper examines these issues in the context of the shipbuilding industry. A model of the determination of price, output, and employment is developed and estimated using quarterly data for the industry. The results support the view that a negative demand shock in the form of a sharp fall in the volume of world trade led to the sharp decline in output. In the case of shipbuilding, the impact on employment was exacerbated by nominal wage developments.
History
Publication status
- Published
Journal
Explorations in Economic HistoryISSN
00144983Publisher
Explorations in Economic HistoryExternal DOI
Issue
3Volume
33Page range
298-318ISBN
0014-4983Department affiliated with
- History Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC