Kondratieff cycles


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Kondratieff cycles

trade cycles of very long duration (about 55 years) named after the Russian economist N. Kondratieff. See LONGWAVE THEORY, SCHUMPETER.
References in periodicals archive ?
In the third chapter, a series of possible future economic scenarios presents a broad vision of the BRIMCs' nations in the 21st century, using hegemonic cycles and Kondratieff cycles theories.
In his Economic Cycles, Schumpeter thoroughly analyzes some Kondratieff cycles he detected (incidentally showing his vast knowledge of economic history):
One is the so-called Kondratieff cycles that historically were 50--60 years in length.
Couching the economic evolution of the country within Kondratieff cycles, McGillivray revisits Innis's staples theory, the subsequent era of economic protectionism and finally Canada's full economic integration into NAFTA.
Schumpeter's third approximation introduces multiple cycles, specifically the schema of Kitchin cycles (3-5 years), Juglar cycles (7-11 years) and Kondratieff cycles (56 years).
But for readers looking for such elucidation, it appears that Wallerstein assumes prior knowledge of such key concepts as Kondratieff cycles (p.
He believes that these forces produced two waves of mergers that follow Kondratieff cycles (long waves of economic development).