Economic fluctuation revisited

Ivan T. Berend

European Review, 2002, vol. 10, issue 3, 305-316

Abstract: This study discusses the various short-, medium- and long-term cycle theories and focuses on the long-term Kondratiev cycle and its Schumpeterian interpretation. It gives a summary on the economic fluctuation in the 20th century and its impact on structural transformation and regional rearrangements. The problem of ‘peripheral structural crisis’ – the destruction without creation in the relatively backward regions of Europe – is introduced.

Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:cup:eurrev:v:10:y:2002:i:03:p:305-316_00

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