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Long Waves: Conceptual, Empirical and Modelling Issues

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Author Info
Silverberg,Gerald (MERIT)

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Abstract

The theory of long waves is exceptionally fortunate in that, while there is no general consensus that they exist or, assuming that they do, what an appropriate theory should be, due to the unstinting efforts of several researchers, we have encyclopaedic compendia of the literature (Freeman 1996, Reijnders and Louçã 1999) and a recent valiant attempt to write modern economic history from a long-wave perspective (Freeman and Louçã 2001). The purpose of this entry is to succinctly review the controversy about what long waves might mean as a phenomenon, how they might be measured and modelled, and where they might fit into an overarching theory of economic dynamics and evolution.

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Paper provided by Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology in its series Research Memoranda with number 015.

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Date of creation: 2003
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Handle: RePEc:dgr:umamer:2003015

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Keywords: economics of technology ;

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  2. F. M. Scherer & Dietmar Harhoff & J, rg Kukies, 2000. "Uncertainty and the size distribution of rewards from innovation," Journal of Evolutionary Economics, Springer, vol. 10(1), pages 175-200. [Downloadable!] (restricted)
  3. David, P.A., 1989. "Computer And Dynamo: The Modern Productivity Paradox In A Not-Too Distant Mirror," The Warwick Economics Research Paper Series (TWERPS) 339, University of Warwick, Department of Economics.
  4. Reati, Angelo, 1998. "Technological revolutions in Pasinetti's model of structural change: productivity and prices," Structural Change and Economic Dynamics, Elsevier, vol. 9(2), pages 245-262, June. [Downloadable!] (restricted)
  5. Michelacci, C. & Zaffaroni, P., 2000. "(Fractional) Beta Convergence," Papers 383, Banca Italia - Servizio di Studi.
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  6. Cheng, Leonard K. & Dinopoulos, Elias, 1996. "A multisectoral general equilibrium model of Schumpeterian growth and fluctuations," Journal of Economic Dynamics and Control, Elsevier, vol. 20(5), pages 905-923, May. [Downloadable!] (restricted)
  7. Silverberg, G. & Verspagen, B., 2003. "Brewing the future: stylized facts about innovation and their confrontation with a percolation model," ECIS Working Papers 03.06, Eindhoven Centre for Innovation Studies, Eindhoven University of Technology. [Downloadable!]
  8. Carlaw, Kenneth I. & Lipsey, Richard G., 2002. "Externalities, technological complementarities and sustained economic growth," Research Policy, Elsevier, vol. 31(8-9), pages 1305-1315, December. [Downloadable!] (restricted)
  9. Silverberg, Gerald & Verspagen, Bart, 1994. "Collective Learning, Innovation and Growth in a Boundedly Rational, Evolutionary World," Journal of Evolutionary Economics, Springer, vol. 4(3), pages 207-26, September.
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  13. Henkin, Gennadi M. & Polterovich, Victor M., 1991. "Schumpeterian dynamics as a non-linear wave theory," Journal of Mathematical Economics, Elsevier, vol. 20(6), pages 551-590. [Downloadable!] (restricted)
  14. Gerald Silverberg & Bart Verspagen, 2002. "A Percolation Model of Innovation in Complex Technology Spaces," Computing in Economics and Finance 2002 24, Society for Computational Economics. [Downloadable!]
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  15. Thompson, William R., 1990. "Long waves, technological innovation, and relative decline," International Organization, Cambridge University Press, vol. 44(02), pages 201-233, March. [Downloadable!]
  16. Silverberg, Gerald, 2002. "The discrete charm of the bourgeoisie: quantum and continuous perspectives on innovation and growth," Research Policy, Elsevier, vol. 31(8-9), pages 1275-1289, December. [Downloadable!] (restricted)
  17. Silverberg, Gerald & Lehnert, Doris, 1993. "Long waves and 'evolutionary chaos' in a simple Schumpeterian model of embodied technical change," Structural Change and Economic Dynamics, Elsevier, vol. 4(1), pages 9-37, June. [Downloadable!] (restricted)
  18. Kleinknecht, Alfred, 1990. "Are There Schumpeterian Waves of Innovations?," Cambridge Journal of Economics, Oxford University Press, vol. 14(1), pages 81-92, March.
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  20. Silverberg,Gerald & Verspagen,Bart, 2002. "A Percolation Model of Innovation in Complex Technology," Research Memoranda 032, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
  21. Gerald Silverberg & Bart Verspagen, 2003. "Breaking the waves: a Poisson regression approach to Schumpeterian clustering of basic innovations," Cambridge Journal of Economics, Oxford University Press, vol. 27(5), pages 671-693, September.
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  22. Li, Chol-Won, 2001. "Science, Diminishing Returns and Long Waves," Manchester School, University of Manchester, vol. 69(5), pages 553-73, Special I. [Downloadable!] (restricted)
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  23. Aghion, Philippe & Howitt, Peter, 1992. "A Model of Growth through Creative Destruction," Econometrica, Econometric Society, vol. 60(2), pages 323-51, March. [Downloadable!] (restricted)
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  24. Franke, R., 2001. "Wave trains, innovation noise, and long waves," Journal of Economic Behavior & Organization, Elsevier, vol. 45(1), pages 49-68, May. [Downloadable!] (restricted)
  25. Sterman, John D., 1985. "A behavioral model of the economic long wave," Journal of Economic Behavior & Organization, Elsevier, vol. 6(1), pages 17-53, March. [Downloadable!] (restricted)
  26. Solomou, Solomos, 1986. "Innovation Clusters and Kondratieff Long Waves in Economic Growth," Cambridge Journal of Economics, Oxford University Press, vol. 10(2), pages 101-12, June.
  27. Iwai, Katsuhito, 2000. "A contribution to the evolutionary theory of innovation, imitation and growth," Journal of Economic Behavior & Organization, Elsevier, vol. 43(2), pages 167-198, October. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Silverberg,Gerald, 2005. "When is a Wave a Wave? Long Waves as Empirical and Theoretical Constructs from a Complex Systems Perspective," Research Memoranda 014, Maastricht : MERIT, Maastricht Economic Research Institute on Innovation and Technology. [Downloadable!]
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