View in EDS HTML Full Text PDF Full Text

The myth of wartime prosperity: Evidence from the Canadian experience.

Saved in:
Bibliographic Details
Title: The myth of wartime prosperity: Evidence from the Canadian experience.
Authors: Geloso, Vincent (AUTHOR), Pender, Casey (AUTHOR)
Source: Social Science Quarterly (Wiley-Blackwell). Jul2023, Vol. 104 Issue 4, p377-394. 18p. 3 Charts, 10 Graphs, 1 Map.
Subjects: World War II, Gross national product, Price regulation, National account systems, National income accounting, War
Geographic Terms: Canada
Abstract: This paper investigates therelationship between prosperity and national account data during wartime, focusing on Canada. In particular, we build off of existing literature arguing that military outlays must be excluded for real output measures to reasonably approximate economic prosperity. We analyse all non‐war components of Canadian gross national product during both world wars and estimate a novel price deflator for World War II in order to take into account wartime price controls. This allows us to obtain a new estimate of real output in Canada excluding military outlays. We then compare the trends in our new real output series with domestic private investment and stock market trends, all three of which either fell or grew at an anemic pace in Canada during both world wars. Combined, we argue that this provides evidence against the idea of wartime prosperity and more specifically, against the notion of World War II ending the Great Depression in Canada. [ABSTRACT FROM AUTHOR]
Copyright of Social Science Quarterly (Wiley-Blackwell) is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Psychology and Behavioral Sciences Collection
Full text is not displayed to guests.
FullText Links:
  – Type: pdflink
Text:
  Availability: 1
Header DbId: pbh
DbLabel: Psychology and Behavioral Sciences Collection
An: 164935711
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 0
IllustrationInfo
Items – Name: Title
  Label: Title
  Group: Ti
  Data: The myth of wartime prosperity: Evidence from the Canadian experience.
– Name: Author
  Label: Authors
  Group: Au
  Data: <searchLink fieldCode="AR" term="%22Geloso%2C+Vincent%22">Geloso, Vincent</searchLink> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Pender%2C+Casey%22">Pender, Casey</searchLink> (AUTHOR)
– Name: TitleSource
  Label: Source
  Group: Src
  Data: <searchLink fieldCode="JN" term="%22Social+Science+Quarterly+%28Wiley-Blackwell%29%22">Social Science Quarterly (Wiley-Blackwell)</searchLink>. Jul2023, Vol. 104 Issue 4, p377-394. 18p. 3 Charts, 10 Graphs, 1 Map.
– Name: Subject
  Label: Subjects
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22World+War+II%22">World War II</searchLink><br /><searchLink fieldCode="DE" term="%22Gross+national+product%22">Gross national product</searchLink><br /><searchLink fieldCode="DE" term="%22Price+regulation%22">Price regulation</searchLink><br /><searchLink fieldCode="DE" term="%22National+account+systems%22">National account systems</searchLink><br /><searchLink fieldCode="DE" term="%22National+income+accounting%22">National income accounting</searchLink><br /><searchLink fieldCode="DE" term="%22War%22">War</searchLink>
– Name: SubjectGeographic
  Label: Geographic Terms
  Group: Su
  Data: <searchLink fieldCode="DE" term="%22Canada%22">Canada</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: This paper investigates therelationship between prosperity and national account data during wartime, focusing on Canada. In particular, we build off of existing literature arguing that military outlays must be excluded for real output measures to reasonably approximate economic prosperity. We analyse all non‐war components of Canadian gross national product during both world wars and estimate a novel price deflator for World War II in order to take into account wartime price controls. This allows us to obtain a new estimate of real output in Canada excluding military outlays. We then compare the trends in our new real output series with domestic private investment and stock market trends, all three of which either fell or grew at an anemic pace in Canada during both world wars. Combined, we argue that this provides evidence against the idea of wartime prosperity and more specifically, against the notion of World War II ending the Great Depression in Canada. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Social Science Quarterly (Wiley-Blackwell) is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=pbh&AN=164935711
RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1111/ssqu.13252
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 18
        StartPage: 377
    Subjects:
      – SubjectFull: World War II
        Type: general
      – SubjectFull: Gross national product
        Type: general
      – SubjectFull: Price regulation
        Type: general
      – SubjectFull: National account systems
        Type: general
      – SubjectFull: National income accounting
        Type: general
      – SubjectFull: War
        Type: general
      – SubjectFull: Canada
        Type: general
    Titles:
      – TitleFull: The myth of wartime prosperity: Evidence from the Canadian experience.
        Type: main
  BibRelationships:
    HasContributorRelationships:
      – PersonEntity:
          Name:
            NameFull: Geloso, Vincent
      – PersonEntity:
          Name:
            NameFull: Pender, Casey
    IsPartOfRelationships:
      – BibEntity:
          Dates:
            – D: 01
              M: 07
              Text: Jul2023
              Type: published
              Y: 2023
          Identifiers:
            – Type: issn-print
              Value: 00384941
          Numbering:
            – Type: volume
              Value: 104
            – Type: issue
              Value: 4
          Titles:
            – TitleFull: Social Science Quarterly (Wiley-Blackwell)
              Type: main
ResultId 1