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The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937
Rosenbloom, Joshua L. ; Sundstrom, William A.
Rosenbloom, Joshua L.
Sundstrom, William A.
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Abstract
The impact of the Great Depression was milder in the South Atlantic states, more severe
in the Mountain states, and surprisingly uniform across other regions of the country
—despite large diiferences in industrial structure. Employing data on 20 manufacturing
industries disaggregated by state, we analyze the relative contributions of industry mix
and location to regional variations in economic performance. Industrial composition had
a significant impact on employment growth, with regions that concentrated on durable
goods or inputs to construction faring worse than others. Long-run trends also mattered,
and explain much of the South Atlantic's more favorable performance.
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1999
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Cambridge University Press
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“The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937,” with William A. Sundstrom, Journal of Economic History 59, no. 3 (September 1999), pp. 714-47 http://dx.doi.org/10.1017/S0022050700023548