کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
965601 930822 2006 17 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Agricultural and monetary shocks before the great depression: A graph-theoretic causal investigation
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Agricultural and monetary shocks before the great depression: A graph-theoretic causal investigation
چکیده انگلیسی
This paper uses graph-theoretic methods to investigate the causal relationships between agriculture, money, interest rates, prices, and real GDP in 12 countries during the years 1869-1929. We find that agricultural production directly and indirectly causes real GDP in two-thirds of the cases. Monetary shocks also play an important causal role in about half the cases, but unlike agriculture, the causal links are usually indirect through other variables to real GDP. The direct causal link between money and prices is also particularly strong. Between 1869 and 1929, money causes prices in nearly all of the countries in the sample.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Macroeconomics - Volume 28, Issue 4, December 2006, Pages 720-736
نویسندگان
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