The Prewar Business Cycle Reconsidered: New Estimates of Gross NationalProduct, 1869-1918
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This paper shows that the existing estimates of prewar gross national product exaggerate the size of cyclical fluctuations. The source of the exaggeration is that the original Kuznets estimates are based on the assumption that GNP moves one-for-one with commodity output valued at producer prices.
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美国国家经济研究局创建时间：
1986-07-01
