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Long Waves and the Crash of ‘87

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  • DAVID POPE

Abstract

The crash of 87 spawned considerable interest in economic cycles. This article surveys the literature on long swings of 50 years or so in economic activity. It also explores the conduits through which long swings in production and prices could be carried to share prices, and finally examines the empirical evidence for low frequency cycles in Australia's past and recent economic history.

Suggested Citation

  • David Pope, 1991. "Long Waves and the Crash of ‘87," The Economic Record, The Economic Society of Australia, vol. 67(2), pages 158-167, June.
    • Handle: RePEc:bla:ecorec:v:67:y:1991:i:2:p:158-167
    DOI: 10.1111/j.1475-4932.1991.tb02540.x
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    References listed on IDEAS

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    1. Pope, David, 1984. "Rostow's Kondratieff Cycle in Australia," The Journal of Economic History, Cambridge University Press, vol. 44(3), pages 729-753, September.
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