Existing Estimates, New Estimates, and New Interpretations of World War I and its Aftermath

Christina Romer

No 2187, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The paper examines the official Commerce Department estimates of gross national product for 1909-1928 and finds that they are far inferior to the less commonly used Kendrick GNP estimates. The paper then derives a revised version of the Kendrick series that alters significantly the representation of annual movements in the Kendrick series before 1919. This endorsement of a revised Kendrick GNP series in place of the official Commerce Department estimates before 1929 suggests new interpretations of the effect of World War I on the American economy and the nature and cause of the depression of 1921.

Date: 1987-03
Note: EFG
References: View complete reference list from CitEc
Citations:

Published as Romer, C. "World War I and the Postwar Depression: A Reinterpretation Based on Alternative Estimates of GNP," Journal of Monetary Economics, Vol. 22 , No. 1, July 1988, pp. 91-115.

Downloads: (external link)
http://www.nber.org/papers/w2187.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:2187

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w2187

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().