Technological Innovation and Long Wave Theory: Two Pieces of the Puzzle

Chris de Bresson

Journal of Evolutionary Economics, 1991, vol. 1, issue 4, 72 pages

Abstract: Since the 1930s, there have been few attempts to recast long wave theory and address the problems raised by Schumpeter's and Kuznets' models; most work has been empirical. This paper uses an inter-industrial analytical framework to explain stagnation, downswing and recovery. The proposed rationale enables us to dispense with Schumpeter's hypothesis of periodic bunching of radical innovations.

Date: 1991
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