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 ?
Freeman and Louca identify the scale of technological change from the first Industrial Revolution based on water-powered mechanization; the second Kondratiev wave enabled by steam-powered technology; the third, characterized by the electrification of social and productive organization; the fourth, by motorization and the automated mobilization of society; and the most recent, by the digitization of social systems.
However, the strength of the so-called commodity supercycle (the sustained period of high prices--a Kondratiev wave, if you're an economist--said by commodities guru Jim Rogers to have started in 2000) has masked the consequences of this decline in productivity.
As the current era recedes into history, it looks more and more like a Kondratiev wave, another academic boom that has ended in bust--or at least, a future bounded by colleges of further education.
Empirical evidence, however, indicates a correlation between the trough of a Kondratiev wave (ex.
The Kondratiev Wave had its last crash phase in 1929/30.