Migration and business cycles

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Monograph

Identifikator:: 1736236210

URN:: urn:nbn:de:zbw-retromon-111544

Document type:: Monograph

Author:: Jerome, Harry

Title:: Migration and business cycles

Place of publication:: New York

Publisher:: National Bureau of Economic Research

Year of publication:: 1926

Scope:: 256 S.

Digitisation:: 2020

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. The influence of economic conditions in the countries of emigration

Collection:: Economics Books

INFLUENCE OF ECONOMIC CONDITIONS 177 and the extent to which there are similarities in the business cycles of leading industrial countries. Let us now examine somewhat more closely the economic conditions in a few of the leading countries of emigration and the concurrent state of prosperity or depression in the United States, with the object of ascertaining, if possible, what influences are primarily responsible for cyclical fluctuations in migration. The countries to which chief attention is given are the United Kingdom, Germany, and Italy. Also the fluctuations in emigration to the United States from Russia, Sweden, and Austria-Hungary are briefly analyzed. IMMIGRATION FROM THE UNITED KINGDOM During the early decades of the nineteenth century the United Kingdom contributed the major part of the immigrant stream to the United States; and, with the enactment of the quota laws of 1921 and 1924, which allotted relatively large quotas to the northern European countries, British immigration has again been brought into a position of relatively large importance. Degree of Agreement between Business Cycles in the United States and the United Kingdom. In several previous studies of business cycles, attention has been given to the extent to which business cycles move synchronously in Great Britain and the United States. Professor Alvin H. Hansen, in his study of cycles in industrial conditions in the years 1902 to 1908, by months, reached the conclusion that the cyclical movements in the United States and Great Britain are quite closely concurrent. Also, Professor Warren M. Persons and his associates, in a study of British economic conditions, demonstrated that, with certain note- worthy differences, there was a marked similarity in business cycles in the United States and Great Britain in the years 1903 to 1914, but that the British index, however, frequently lagged after that for the United States; and Miss Dorothy S. Thomas, in a recent study, finds, for the same period covered by our analysis (1870 to In this chapter the term “British” is applied to the entire United Kingdom, in- cluding Great Britain and Ireland, and, unless so specified, references to “Great Britain’ do not necessarily include Ireland. SAlvin Harvey Hansen, Cycles of Prosperity and Depression in the United States, Great Britain aud Germany—A Study of Monthly Data 1902-1908, University of Wiscon- sin Studies in the Social Sciences and History, Number 5. "The Review of Economic Statistics, Supplement, June, 1922, “An Index of British Sonoma Conditions, 1903-1914,” by W. M. Persons, N. J. Silberling, and W. A. Ber-

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