Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
897467 | Technological Forecasting and Social Change | 2008 | 11 Pages |
Abstract
Economic variables like GDP growth, employment, interest rates and consumption show signs of cyclical behavior. Many variables display multiple cycles, with periods ranging in between 5 to even up to 100 years. We argue that multiple cycles can be associated with long-run stability of the economic system, provided that the cycle periods are such that interference is rare or absent. For a large sample of important variables, including key variables for the US, UK and the Netherlands, we document that this is indeed the case.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Bert de Groot, Philip Hans Franses,