A Re-examination of Long Waves in Aggregate Production Series

  • Rainer Metz


The adherents of Kondratieff’s long-wave theory assume the existence of fluctuations in long-term economic growth with an approximate duration of 40–60 years. However, not only the mere existence of long waves is controversial but also — if their existence is accepted — their precise timing. Despite improvements in statistical methods and the availability of richer data, different authors still achieve different and controversial results.


Industrial Production Original Series Amplitude Function Price Series Trend Figure 
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Copyright information

© Alfred Kleinknecht, Ernest Mandel and Immanuel Wallerstein 1992

Authors and Affiliations

  • Rainer Metz

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