A Preliminary Analysis of the Spread of the Depression

Tobler W (1975). A Preliminary Analysis of the Spread of the Depression. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-75-076

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Abstract

The closure of banks at the time of the depression can be regarded as an economic innovation which diffused throughout our society, culminating in the national bank holiday. The propagation of such events would seem likely to reveal the structure of the system. One may postulate that the general organization of the society has not changed in the last forty years, although the banking industry has been modified in its details. One would expect that technological innovations in today's society spread in a manner analogous to bank closures in that earlier period, probably at a somewhat accelerated rate.

Item Type: Monograph (IIASA Working Paper)
Research Programs: Human Settlements and Services Area (HSS)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:42
Last Modified: 18 Nov 2016 18:35
URI: http://pure.iiasa.ac.at/352

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