by National Bureau ofEconomic Research .
Written in English
|Statement||by M. Abramovitz.|
|Contributions||National Bureau of Economic Research.|
Construction Cycles and Long Swings in Economic Growth The purpose of this paper is to review and assess the evidence bearing on the existence of long waves in aggregate construction and in the major types of construction activity in the United States. These long waves are movements with an approximate duration of fifteen to. Since the Civil War, there was a succession of long swings in aggregate construction activity with a duration between fifteen and twenty-five years. Considering the weaknesses in the records of construction activ-ity before World War I, it cannot be said with assurance that the long waves in aggregate construction in every case took the form of. the existence of long swings in aggregate construction activity. Since the estimates of aggregate construction are themselves weak, our con-fidence in the indications they provide about the occurrence of a suc-cession of long swings may be bolstered by definite evidence that all or most of the major sectors participated in the indicated swings. Long Swings in Construction Viewed as Fluctuations in Rates of Growth Since it seems impossible to resolve completely the uncertainties re-garding long swings in construction in the sense of protracted fluctua-tions in the level of construction, we go on to consider such swings as alternations between acceleration and retardation in growth. A.
Bibliography I. Abramovitz, Moses. Evidence ofLong Swings in Aggregate Construction Since the Civil War. New York, NBER OP 90, Inventories and Business Cycles. New York, NBER, "The Passing of the Kuznets Cycle," Economica, Nov. 4. BOOK REVIEWS U.S. economic growth. The title is an accurate reflection of the spirit as well as the substance of the main body of the paper, which consists of a notably careful but strictly empirical appraisal of the statistical evidence concerning the existence of long swings in construction activity since the Civil War. For-. Abstract. Born in Brooklyn, New York, Abramovitz was educated at Harvard (AB, ) and Columbia (Ph.D., ). He held faculty appointments at Columbia (, ) and Stanford University () and was a member of the research staff of the National Bureau of Economic Research from to Robert E. Lipsey & Doris Preston, "Source Book of Statistics Relating to Construction," NBER Books, National Bureau of Economic Research, Inc, number lips Moses Abramovitz, "Evidences of Long Swings in Aggregate Construction Since the Civil War," NBER Books, National Bureau of Economic Research, Inc, number abra
Abramovitz () holds that since the Civil War there has been a succession of long swings in aggregate construction activity, consisting of upsurges followed by either protracted declines or pronounced retardations, in which all the major sectors of the industry have usually if not invariably participated. Causes of fluctuations. You can write a book review and share your experiences. Other readers will always be interested in your opinion of the books you've read. Whether you've loved the book or not, if you give your honest and detailed thoughts then people will find new books that are right for them. Hearings before Joint Committee, 86th Congress, 1st Session, Pt. 2, Washington, D. C, , pp. Abramovitz, M. () The nature and significance of Kuznets cycles. Economic Development and Cultural Change 9: Abramovitz, M. () Evidences of long swings in aggregate construction since the Civil War. Occasional Paper Cited by: Evidences of Long Swings in Aggregate Construction Since the Civil War: Moses Abramovitz () Estimates of Residential Building, United States, – Manuel Gottlieb () The Measurement of Corporate Sources and Uses of Funds: David Meiselman and Eli Shapiro () The Role of Direct and Indirect Taxes in the Federal Reserve System.