Are There Schumpeterian Waves of Innovations?
Joseph A. Schumpeter's hypothesis that radical innovations come about in bunches has caused considerable controversy. The author's reexamination of the empirical evidence suggests that there is indeed poor evidence of macroeconomic innovation waves before the mid-nineteenth century. Thereafter, however, two long waves of major innovations occur. A t-test confirms that these waves can be distinguished from random fluctuations. Some implications of the findings on long wave theories, and in particular on demand and profit rate analysis, are sketched. Copyright 1990 by Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 14 (1990)
Issue (Month): 1 (March)
|Contact details of provider:|| Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK|
Fax: 01865 267 985
Web page: https://academic.oup.com/cje
|Order Information:||Web: http://www.oup.co.uk/journals|