The Asymmetric path of Economic Long Waves |
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| Authors: | Mario Coccia [Author Vitae] |
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| Institution: | National Research Council of Italy, CERIS-CNR, Institute for Economic Research on Firm and Growth, Collegio Carlo Alberto, via Real Collegio, n. 30, 10024 Moncalieri (Torino), Italy |
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| Abstract: | The purpose of this paper is to analyze the pattern and behavior of Economic Long Waves over time, using the long-wave chronologies of two driving economies, the USA and the UK. The statistical evidence seems in general to support the hypothesis that Long Waves are not symmetric and their regularity is based on longer periods of upwave than downwave (contraction-skewed), which implies a negative asymmetric path of these waves over time. |
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| Keywords: | E30 E37 |
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