Investigating the Long Cycles of Capitalism With Spectral and Cross-Spectral Analysis

Eirini Ozouni, Constantinos Katrakylidis and Grigoris Zarotiadis
Additional contact information
Eirini Ozouni: Aristotle University of Thessaloniki, Greece
Constantinos Katrakylidis: Aristotle University of Thessaloniki, Greece
Authors registered in the RePEc Author Service: Constantinos Katrakilidis

South-Eastern Europe Journal of Economics, 2015, vol. 13, issue 1, 7-30

Abstract: The persistent current phase of negative growth has already triggered the awakening of long wave theories. Although long waves are obvious, even with a simple visual observation of the history of the data, doubts as to their existence are expressed by a variety of different theoretical and empirical approaches. However, the increasing number of statistical methods for long wave examination illustrates very clearly that their confirmation, as well as their periodization, depends both on theoretical fixations and / or the use of different empirical methodologies. The present paper uses Spectral Analysis in order to investigate the importance of the long lasting cycles in the periodicity of European Countries' economic evolution. The correlation and timing differences among them are identified with the help of Cross-Spectral analysis.

Keywords: Business Cycles; Long Waves; Spectral analysis; Cross-Spectral Analysis (search for similar items in EconPapers)
JEL-codes: C22 E32 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.asecu.gr/Seeje/issue24/issue24-ozouni-katrakylidis-zarotiadis.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:13:y:2015:i:1:p:7-30

Access Statistics for this article

More articles in South-Eastern Europe Journal of Economics from Association of Economic Universities of South and Eastern Europe and the Black Sea Region Contact information at EDIRC.
Bibliographic data for series maintained by Ms. Melina Petromelidou ().