SFB 303 Discussion Paper No. B - 145

Author: Krelle, Wilhelm
Title: Changes in the Degree of Activity and the Organizational Efficiency of a Society as a Cause for Long Waves in GDP
Abstract: The downing of the growth rates in the 70s may be interpreted as the downing phase of a long term Kondratieff wave. These waves are explained by an interdependent dynamic system of two latent variables called "degree of economic activity" and "degree of organizational efficiency" of the society.
JEL-Classification-Number: 131
Creation-Date: Februar 1988
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