Recovery from the Great Depression in the U.S., Britain, Germany, and Japan: A Comparative Input-Output Analysis

An earlier draft was presented at the Seoul National University Economic History Workshop, the Korean Economic History Society Conference, and the Western Economic Association International Conference (June 30, 2015, Honolulu).Previously, Leontief input-output analysis was utilized to compare the recovery process of the U.S. and Britain, and guessed that of Germany. With the newfound availability of the German I/O table of 1936, the inter-industry structure can be more fully understood. The Japanese table was investigated as well. The analysis presented effectiveness of investment allocation, government spending, etc., all of which contribute to assessing the recovery from the Great Depression