Statistical evidence of falling profits as a cause of recession: A short note
dc.contributor.author | Tapia Granados, José A. | |
dc.date.accessioned | 2012-05-16T13:27:39Z | |
dc.date.available | 2012-05-16T13:27:39Z | |
dc.date.issued | 2012 | |
dc.identifier.citation | Tapia Granados, J. A., "Statistical Evidence of Falling Profits as Cause of Recession: A Short Note." Review of Radical Political Economics. Published online 3 February 2012, DOI: 10.1177/0486613411434397 <http://hdl.handle.net/2027.42/91021> | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/91021 | |
dc.description.abstract | Data on 251 quarters of the U.S. economy show that recessions are preceded by declines in profits. Profits stop growing and start falling four or five quarters before a recession. They strongly recover immediately after the recession. Since investment is to a large extent determined by profitability and investment is a major component of demand, the fall in profits leading to a fall in investment, in turn leading to a fall in demand, seems to be a basic mechanism in the causation of recessions. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | SAGE | en_US |
dc.subject | Recession | en_US |
dc.subject | Business Cycle | en_US |
dc.subject | Statistics | en_US |
dc.subject | Econometrics | en_US |
dc.title | Statistical evidence of falling profits as a cause of recession: A short note | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Social Sciences (General) | |
dc.subject.hlbtoplevel | Social Sciences | |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | Institute for Social Research | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/91021/1/Stat_ev_RRPE2012.pdf | |
dc.identifier.doi | 10.1177/0486613411434397 | |
dc.identifier.source | Review of Radical Political Economics | en_US |
dc.description.mapping | 24 | en_US |
dc.description.mapping | 129 | en_US |
dc.description.mapping | -1 | en_US |
dc.owningcollname | Institute for Social Research (ISR) |
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