single-jc.php

JACIII Vol.24 No.6 pp. 785-791
doi: 10.20965/jaciii.2020.p0785
(2020)

Paper:

The Great Depression: Econometric Analysis and Fuzzy Regression

Peter Kuzmin*1, Vitaliy Kalashnikov*2,†, Natalyia Kalashnykova*3, and Junzo Watada*4

*1Department of International Economics, Mathematical Methods and Business Informatics, Altai State University
68 Socialist Street, Barnaul 656049, Russia

*2Facultad de Economía, Universidad Autónoma de Nuevo León (UANL)
Monterrey, Nuevo León, Mexico

*3Facultad de Ciencias Físico Matemáticas (FCFM), Universidad Autónoma de Nuevo León (UANL)
Pedro de Alba, Niños Héroes, Ciudad Universitaria, San Nicolás de los Garza, Nuevo León 66451, Mexico

*4Waseda University, Japan
Kobai, Yahatanishi, Kitakyushu, Fukuoka 803-0011, Japan

Corresponding author

Received:
August 4, 2020
Accepted:
October 3, 2020
Published:
November 20, 2020
Keywords:
production functions, Cobb–Douglas functions, regression analysis
Abstract

The study examines the period of the Great Depression and analyzes several measures taken by the US President Roosevelt’s government that allowed the country to get out of the crisis. An analysis and proof of the correctness of the measures chosen to exit from the crisis was conducted using econometric models and the use of statistics. Techniques for overcoming crises are relevant for all countries. This study adapts an innovative perspective in that it used the sequence of the Cobb–Douglas type function including different types of factors, and applied fuzzy regression methods.

Financial markets

Financial markets

Cite this article as:
P. Kuzmin, V. Kalashnikov, N. Kalashnykova, and J. Watada, “The Great Depression: Econometric Analysis and Fuzzy Regression,” J. Adv. Comput. Intell. Intell. Inform., Vol.24 No.6, pp. 785-791, 2020.
Data files:
References
  1. [1] D. R. Fusfeld, “The Economic Thought of Franklin D. Roosevelt and the Origins of the New Deal,” Columbia University Press, p. 3, 1956.
  2. [2] L. R. Klein, “Economic Fluctuations in the United States, 1921–1941,” Wiley, Chapman & Hall, 1950.
  3. [3] L. R. Klein and A. S. Goldberger, “An Econometric Model of the United States, 1929–1952,” Contributions to Economic Analysis: Volume 9, North-Holland Publishing, 1955.
  4. [4] C. W. Cobb and P. H. Douglas, “A Theory of Production,” American Economic Review, Vol.18, No.1, pp. 139-165, 1928.
  5. [5] I. L. Kirilyuk, “Models of production functions for the Russian economy,” Computer Research and Modeling, Vol.5, No.2, pp. 293-312, 2013 (in Russian with English abstract).
  6. [6] “Historical Statistics of the United States, Colonial Times to 1970,” Part 1, p. 224,135, 1975.
  7. [7] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1929, Compiled from income tax returns and including statistics from estate tax returns,” United States Government Printing Office, 1931.
  8. [8] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1930, Compiled from income tax returns and including statistics from estate tax returns,” United States Government Printing Office, 1932..
  9. [9] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1931. Compiled from income tax returns and including statistics from estate tax returns,” United States, Government Printing Office, 1933.
  10. [10] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1932. Compiled from income tax returns and including statistics from estate tax returns,” United States, Government Printing Office, 1934.
  11. [11] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1933. Compiled from income tax returns and including statistics from estate tax returns,” United States, Government Printing Office, 1935.
  12. [12] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1934, Part 1: Compiled from individual income tax returns, estate tax returns and gift tax returns,” United States, Government Printing Office, 1936.
  13. [13] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1934, Part 2: Compiled from corporation income and excess-profits tax returns and personal holding company returns,” United States, Government Printing Office, 1937.
  14. [14] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1935, Part 1: Compiled from individual income tax returns, estate tax returns and gift tax returns,” United States, Government Printing Office, 1938.
  15. [15] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1935, Part 2: Compiled from corporation income and excess-profits tax returns and personal holding company returns,” United States, Government Printing Office, 1938.
  16. [16] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1936, Part 1: Compiled from individual income tax returns, estate tax returns and gift tax returns,” United States, Government Printing Office, 1938.
  17. [17] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1936, Part 2: Compiled from corporation income and excess-profits tax returns and personal holding company returns,” United States, Government Printing Office, 1939.
  18. [18] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1937, Part 1: Compiled from individual income tax returns, fiduciary income tax returns, estate tax returns and gift tax returns,” United States, Government Printing Office, 1940.
  19. [19] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1937, Part 2: Compiled from corporation income and excess-profits tax returns and personal holding company returns,” United States, Government Printing Office, 1940.
  20. [20] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1938, Part 1: Compiled from individual income tax returns, fiduciary income tax returns, estate tax returns and gift tax returns,” United States, Government Printing Office, 1941.
  21. [21] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1938, Part 2: Compiled from corporation income and excess-profits tax returns and personal holding company returns,” United States, Government Printing Office, 1941.
  22. [22] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1939, Part 1: Compiled from individual income tax returns, fiduciary income tax returns, estate tax returns and gift tax returns,” United States, Government Printing Office, 1942.
  23. [23] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1939, Part 2: Compiled from corporation income and (declared value) excess-profits tax returns and personal holding company returns,” United States, Government Printing Office, 1942.
  24. [24] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1940, Part 1: Compiled from individual income and defense tax returns, taxable fiduciary income and defense tax returns, estate tax returns and gift tax returns,” United States, Government Printing Office, 1943.
  25. [25] U. S. Treasure Department, Bureau of Internal Revenue, “Statistics of income for 1940, Part 2: Compiled from corporation income, declared value excess-profits, and defense tax returns, corporation excess profits tax returns and personal holding company returns,” United States, Government Printing Office, 1944.
  26. [26] https://en.wikipedia.org/wiki/Gold_Reserve_Act [accessed October 29, 2020]
  27. [27] C. Black, “Franklin Delano Roosevelt: Champion of Freedom,” PublicAffairs, 2013.
  28. [28] V. S. Vasiliev, D. F. Roosevelt, and J. M. Keynes, “Economic Policy During Great Depression Years,” USA & Canada: Economics, Politics, Culture, Vol.2001, No.10 (382), p. 73, 2001 (in Russian).

*This site is desgined based on HTML5 and CSS3 for modern browsers, e.g. Chrome, Firefox, Safari, Edge, Opera.

Last updated on Dec. 06, 2024