Business Cycles in the United Kingdom, 1870-1914

acceleration principle approximation assumed balance of payments banks British business cycle policy calc calculations capital exports chapter coal correlation coefficient cost of living cotton countries cumulated damping degree demand factors depend depression periods deviations economic elasticity of demand elimination process Explanation explanatory variable exports of consumers exports of investment external variables figures final equation fluctuations formula gold stock historical cost home produce Import price included index numbers influence investment activity labour League of Nations marginal propensity moving averages obtained parallel period pig iron prices price equation price index profits propensity to consume quantity rate of increase rate of interest ratio raw material prices regression coefficient relation separate commodities share prices stabilisation systematic table VIII 32 term interest rates Theoretical theory United Kingdom volume of production wage rates