Long Waves of Global, Regional, and National Economies, 1940–2020

Phillip Anthony O’Hara
Additional contact information
Phillip Anthony O’Hara: Global Political Economy Research Unit (GPERU)

Chapter Chapter 11 in Long Waves of Growth, Hegemonic Power, and Climate Change in the World Economy, 2025, pp 461-505 from Springer

Abstract: Abstract This chapter examines the complex evolution and metamorphosis of decadal real GDP per capita AAGR for the global, continental, and national political economies over the period from 1940 to 2020. This is during the period of US hegemonic rise and fall, China’s eventual rise (and relative fall), and climate change’s fall and rise. The data used is Maddison’s mostly for 1940–1960 and the World Bank online WDI database mainly for 1961–2020. Emphasis is given to changes in the rate of per capita economic growth over time, arranged by decades, including the periodicity, amplitude, and phases of short, long, and secular waves. The chapter starts by summarizing the stylized long wave pattern for 1940–2020, which is then compared with the World, seven continents/regions, and 105 nations. Stylized facts about short, long, and secular wave patterns are scrutinized in relation to amplitude, periodicity, deviations from the stylized model, and the World wave, plus multiple and erratic waves and patterns.

Keywords: Short; long; & secular waves; Periodicity; amplitude; & phases; Empirics; Principles; Historical specificity; US hegemony; China rising; Climate crisis (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sprchp:978-981-96-4132-1_11

Ordering information: This item can be ordered from
http://www.springer.com/9789819641321

DOI: 10.1007/978-981-96-4132-1_11

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().