Phases of economic growth, 1850-1973: Kondratieff waves and Kuznets swings

Solomos Solomou presents a clear and systematic examination of the evidence for long-term patterns of economic growth. Using data on Britain, France, Germany, the USA and the world economy between 1850 and 1973 he refutes the existence of long (Kondratieff) waves in the course of economic developmen...

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Bibliographic Details
Main Author: Solomou, Solomos (Author)
Format: Electronic eBook
Language:English
Published: Cambridge Cambridge University Press 1987
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Online Access:DE-12
DE-473
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Summary:Solomos Solomou presents a clear and systematic examination of the evidence for long-term patterns of economic growth. Using data on Britain, France, Germany, the USA and the world economy between 1850 and 1973 he refutes the existence of long (Kondratieff) waves in the course of economic development. Instead he presents persuasive evidence for a growth pattern characterised by shock-induced, long-term variations in growth at the level of the world economy. The findings show that national patterns of growth did not necessarily coincide with those of the world economy, but followed episodic long swing fluctuations of twenty to thirty years before the Second World War and trend-accelerated growth in the post-war period. The author provides new historical perspectives on the pre-1913 era, the inter-war years and the post-war boom
Item Description:Title from publisher's bibliographic system (viewed on 05 Oct 2015)
Physical Description:1 online resource (xv, 197 pages)
ISBN:9780511720635
DOI:10.1017/CBO9780511720635

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