Kondratieff cycles

S. N. Solomou
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
Alternate versions available: 1987 Edition
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Abstract

Kondratieff cycles are defined as regular variations in economic growth and price movements with a periodicity of 50 to 60 years. Although the balance of the evidence suggests that such regular cycles probably do not exist, this conclusion does not amount to a dismissal of the idea of long-term cyclicality. In fact, it is quite clear that various forms of long-term cycles are an observed empirical phenomenon.
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How to cite this article

Solomou, S.N. "Kondratieff cycles." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 22 September 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_K000037> doi:10.1057/9780230226203.0902

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