Objective
What are the lessons of the Great Depression for policy makers today, and what can we learn about the causes of such major economic crises by comparing the two events? This project will create a Two Depressions database and carry out associated research, which will provide a comprehensive and explicitly comparative statistical overview of the crises of 1929 and 2008. It will also explore the short and longer run inter-relationships between the Great Depression, trade, and trade policy. The economic literature on the Great Depression has focussed on the macroeconomic policies which led to it, with trade being relegated to a minor role in most accounts. We thus know remarkably little about commodity market disintegration during the period; about the causes of the slump in trade, and the role of protectionism; and about the consequences of interwar protection for employment and growth in the short and long run. This project will explore the short run inter-relationships between output and employment, trade, and trade policy during the Depression. It will also place the event in the longer run context of the gradual spread of industry from the European and North American core to the European periphery and the rest of the world. Did the Depression permanently change the nature of development in peripheral economies, or merely hasten (or retard) trends already underway? The project will collect data on inter alia trade, trade policy, industrial output, macroeconomic variables, and prices, for 1920-1973. The trade and trade policy data will be sectorally disaggregated, allowing a finer-grained assessment of the role of policy. The data will be analysed using standard economic techniques, but since the political and geopolitical consequences of such events are crucial in the long run, a more qualitative historical analysis will also be provided.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences databases
- social sciences economics and business business and management employment
- social sciences economics and business business and management commerce
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
ERC-2009-AdG
See other projects for this call
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Host institution
OX1 2JD Oxford
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.