Long Cycles in the Building Industry
Clarence D. Long
The Quarterly Journal of Economics, 1939, vol. 53, issue 3, 371-403
Abstract:
Nature and coverage of the data, 372. — The statistical technique, 375. — The timing of the cycles, 377. — Comparison with general business fluctuations, 380. — Causes of the differences, 381. — The duration of long cycles, 386. — The rôle of war, 387. — Factors responsible for cycles in American building, 388. — The severity of long cycles, 391. — Causes: the acceleration principle, 393; ready-made production, 394; high proportion of rigid and direct costs, 397; profits and the rate of interest, 400. — Summary, 402.
Date: 1939
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