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

Abstract

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.