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Consistent Output Series for the Antebellum and Postbellum Periods: Issues and Preliminary Results
Charles W. Calomiris and Christopher Hanes
The Journal of Economic History
Vol. 54, No. 2, Papers Presented at the Fifty-Third Annual Meeting of the Economic History Association (Jun., 1994), pp. 409-422
Stable URL: http://www.jstor.org/stable/2123921
Page Count: 14
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Existing output series that cover both the antebellum and postbellum periods are inconsistent and unsuitable for comparing cyclical patterns across the nineteenth century. More consistent data show that output in cyclically sensitive sectors was no less, and probably more, volatile before the War Between the States than after it.
The Journal of Economic History © 1994 Economic History Association