TABLE 5 FREQUENCY DISTRIBUTION OF BUSINESS CYCLES ACCORDING TO APPROXIMATE DURATION IN YEARS: BY COUNTRIES, GROUPS OF COUNTRIES AND PERIODS (Based upon Table 4) United Duration in Years United England States and United States, England, France, Duration in Years Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per England, France, Germany, and Austria, 1866-1920. England, 1793-1825; United States, 1825-1857; Germany, 1857-1890; Canada, 18881924; and Russia, 1891-1925. France, Austria, Sweden, England, Australia, Netherlands, Italy, and China. United States, Japan, Russia, South Africa, Argentina, Brazil, Canada, Germany, and India. South Africa, Argentina, Brazil, Canada, Germany, India, France, Austria, Sweden, England, and Australia. TABLE 5-(Continued) FREQUENCY DISTRIBUTION OF BUSINESS CYCLES ACCORDING TO APPROXIMATE DURATION IN YEARS BY COUNTRIES, GROUPS OF COUNTRIES AND PERIODS Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per Num- Per tion in Seven Ten Non-Excluding Including Years Industrial Industrial United United 1 England, United States, Canada, Australia, South Africa. 'Not including United States. 3 England, France, Germany, Austria, Netherlands, Sweden, United States. All other countries included in Annals. CHART IV. Percentage Distribution of Business Cycles in Various Countries and Various Periods According to their Approximate Duration in Years. CHART IV. Percentage Distribution of Business Cycles in Various Countries and Various Periods According to their Approximate Duration in Years.-(Continued) Per Cent 20 'Countries with Close Business Relations-England, Observations Relatively Independent of Each Other-England, 1793-1825; United States, 20 73 cycles Average duration-5.8 years 61 cycles Average duration 5.0 years Standard deviation-2.2 years Coefficient of variation-44 per cent -20 15 10 -20 -15 10 |