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Political Shocks and Investment

Some Evidence from the 1930s

Bibliographic Data

ID10096752
AuthorsTheresa Mayer (0000-0002-9228-819X, corresponding author), Thomas Mayer (0009-0007-2421-3405), Monojit Chatterji
Year1985
Volume45
Issue4
Pages913-924
Publication date1985-12-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700035166
OpenAlexW2067815920
LanguageEN
Citations received4
References cited12

There has been some dispute about the impact of New Deal policies on the business climate. Some historians have argued that the New Deal frightened business, and others that it encouraged business. This paper analyzes the impact of the New Deal on business investment by looking at the response of investment to the outcome of the 1934, 1936, and 1938 elections, as well as the passage of certain New Deal legislation. The data reject the hypothesis that the New Deal frightened off business investment

Business · Business history · Economics · Investment (military · Law and economics · Legislation · Management · Market economy · Political science · Politics · Economic Theory and Institutions · Economic Theory and Policy · Law · Monetary Policy and Economic Impact

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Unique citing works4
Citations per year0,11
Citation span1990 - 2017 (28)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 4
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