Since 1854, the United States has experienced 32 business cycles. While the average length of these cycles (trough-to-trough) has been 51 months, there has been significant variation across different subperiods. This paper attempts to explore the relationship between capital accumulation, technology accumulation, and the business cycle.
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Paper provided by University of Connecticut, Department of Economics in its series Working papers with number
2003-32.
Length: 41 pages Date of creation: Jul 2003 Date of revision: Handle: RePEc:uct:uconnp:2003-32
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