scholarly journals The “Kondratieff Cycles” in Shipping Economy since 1741 and till 2016

2017 ◽  
Vol 08 (02) ◽  
pp. 308-332 ◽  
Author(s):  
Alexandros M. Goulielmos
Keyword(s):  
2001 ◽  
Vol 04 (01) ◽  
pp. 101-125 ◽  
Author(s):  
WITOLD KWASNICKI

Evolutionary model of industrial dynamics, presented in this paper, can be classified as Schumpeterian one. The model describes the behaviour of a number of competing firms producing functionally equivalent products. Each firm tries to improve its position in the industry and in the market by introducing innovations in order to minimize the unit costs of production, maximize the productivity of capital, and maximize the competitiveness of its products on the market. The problem how decisions are made seems to be crucial for relevant modelling of socio-economic processes. The main aim of the simulations presented in the second part of the paper is to show how fluctuations and discontinuities occurs in economic processes due to boundedly rational decisions of competing firms. It is shown how fluctuation of 3–6 years and of 10 years periodicity can occur in an industry development because of firms' bounded rationality. Long waves of development of 50–60 years period (Kondratieff cycles) occur in the model because of radical innovation emergence at the maturity phase of an 'old' technology.


2015 ◽  
Vol 3 (5) ◽  
pp. 9-13 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy

The objective of this paper is to identify Kondratieff cycles in the developed economies. Time series spectral analysis of real per capita GDP of the developed countries and Brazil is performed. Also studied are time series for the period from the 19th century to 2008. As a result Kondratieff cycles (waves) are found out in the economic dynamics of all the countries surveyed, except for Finland. The power of Kondratieff cycles in the economic dynamics is estimated to fall in the range of 23 to 61% of the total power of all economic cycles with the periods of 2 to 100 years. The Kondratieff cycles can be found in a number of economies in the period of 19th — 20th centuries. It allows to distinguish the three moderntime Kondratieff waves in the said countries and to evaluate productivity of the fourth, the fifth and the sixth technological modes in their economies. However in a number of countries the Kondratieff cycles show up only in the 20th century. So for these countries only one or two modern Kondratieff waves can be clearly identified, making it possible to evaluate productivity of only the fifth and the sixth technological modes in their economies.


2016 ◽  
Vol 4 (4) ◽  
pp. 27-32 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya

Distribution of new — the fifth and sixth technological ways in economy of regions of Russia is investigated. For economic evaluation of technological structures hysterical time series of real per capita GDP of Great Britain are used. Construction of econometric models of cyclical trends has allowed establishing the date of the beginning of the upward half-waves of the fourth and fifth Kondratieff cycles. For the construction of econometric models of technological structures was assumed that the beginning of upward half-waves cycles coincide with the beginning of the upward wave of new orders, since the beginning of the dominance of another way of life and a torque of the withering away of the old order. We used piecewise linear model orders. By the simulation it was found, that the relic and fourth technological orders provide a contribution to real GDP per capita value of 4000 Gehry-Hemis dollars in 1990. The contribution of the new — the fifth and sixth in the Russian economy is estimated as the excess of the value of real per capita GDP over the contribution of relic and fourth technological structures, evaluated according to the UK. This has allowed for the first time to give an economic assessment of the contribution of new orders in the Russian economy. It now has exceeded 50%. By degree of distribution of new ways in the groups of regions is irregular. The regional group in the economy where new ways are not observed, the economic policy directed to the continued industrialization. In the regions, where new ways make contribution to the economies, economic policy should focus on the development of post-industrial economies.


2016 ◽  
Vol 4 (4) ◽  
pp. 16-22
Author(s):  
Аверина ◽  
Tatyana Averina ◽  
Иванова ◽  
O. Ivanova

The article presents the research results of Kondratieff cycles in the economy of Finland on the basis of real GDP per capita over the period of 1860–2008 years. The using of economic and mathematical modeling has allowed estimating the power of long duration business cycles, revealing the chronological framework of long waves: the third, fourth and fifth. Kondratieff’s theory has served as a methodological basis for the study of processes: the emergence, the domination and the withering away of technological structures. Regression analysis has allowed establishing the productivity of different technological structures in the Finnish economy.


1984 ◽  
Vol 44 (3) ◽  
pp. 729-753 ◽  
Author(s):  
David Pope

The turn of economic events in the early 1970s correlates with a revival of ideas about the existence of long swings in economic development. The subject of Kondratieff cycles has attracted the pens of social scientists of very different persuasions. This paper draws on Walt W. Rostow's interpretation—with its emphasis on the role of exporters of food and raw materials in the world economy—to explore Australian long waves over the last 110 years. I conclude that the case for their existence is not confirmed and moreover that Rostow's cycle-mechanics offer a doubtful explication of movements in the Australian series.


Author(s):  
Jarunee Wonglimpiyarat

Nanotechnology is currently seen as a paradigm shift towards scientific revolution or ‘nano revolution. This chapter discusses the nano revolution within the global context. It is interesting to see that the governments around the world have formulated policies to manage the research and development (R&D) efforts and exploit the potential of nanotechnology to increase industry‘s ability in the global economy. The chapter analyses the successive waves of technological change based on Kuhn’s model of scientific change and Schumpeter’s model of Kondratieff cycles. As nanotechnology would have significant impacts on virtually every commercial sector, many countries commit to foster nanotechnology developments. This chapter will focus on nanotechnology framework policy recommendations. The policies and research activities of the most preeminent nations discussed in this chapter represent global research trend towards nano revolution in the next decades.


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