Kondratiev waves
E764576
Kondratiev waves are long-term (roughly 40–60 year) economic cycles characterized by alternating periods of rapid growth and slower development, often linked to major technological and structural changes in the economy.
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
economic cycle theory
ⓘ
long-wave economic cycle ⓘ |
| alsoKnownAs |
K-waves
NERFINISHED
ⓘ
Kondratieff waves NERFINISHED ⓘ long waves ⓘ |
| associatedWith |
Joseph Schumpeter
NERFINISHED
ⓘ
capital accumulation ⓘ innovation clusters ⓘ long-term investment cycles ⓘ structural crises ⓘ technological revolutions ⓘ |
| characterizedBy |
alternating periods of rapid growth and slower development
ⓘ
association with major technological changes ⓘ association with structural changes in the economy ⓘ long-term fluctuations in economic growth ⓘ |
| coreIdea | capitalist economies exhibit recurrent long waves of boom and stagnation ⓘ |
| criticizedBy | many mainstream economists ⓘ |
| criticizedFor |
ex post pattern fitting
ⓘ
lack of rigorous statistical evidence ⓘ |
| field |
business cycle theory
ⓘ
economic history ⓘ macroeconomics ⓘ |
| hasPhase |
downswing phase
ⓘ
expansion phase ⓘ stagnation phase ⓘ upswing phase ⓘ |
| hasSupportFrom | some heterodox economists ⓘ |
| hasTypicalDuration | 40–60 years ⓘ |
| influencedBy |
demographic trends
ⓘ
globalization dynamics ⓘ institutional change ⓘ technological innovation ⓘ |
| linkedTo |
general purpose technologies
ⓘ
industrial revolutions ⓘ long-term interest rate movements ⓘ long-term price movements ⓘ major infrastructure systems ⓘ |
| namedAfter | Nikolai Kondratiev NERFINISHED ⓘ |
| originCountryOfTheory | Soviet Union NERFINISHED ⓘ |
| proposedBy | Nikolai Kondratiev NERFINISHED ⓘ |
| proposedInDecade | 1920s ⓘ |
| relatedTo |
Juglar cycles
NERFINISHED
ⓘ
Kitchin cycles NERFINISHED ⓘ business cycles ⓘ |
| theoreticalStatus | controversial ⓘ |
| timeScaleComparedToBusinessCycle | longer ⓘ |
| usedIn |
analysis of capitalist development
ⓘ
long-term economic forecasting ⓘ technological forecasting ⓘ |
Referenced by (1)
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