 Business Cycles and Growth: Some Reflections and MeasuresVictor Zarnowitz No 665, NBER Working Papers from National Bureau of Economic Research, Inc Abstract: Is the long-term trend of the economy -- growth -- substantially influenced by the short-term movements -- business cycles -- and, if so, how? Are business cycles subject to major secular changes? Are these fluctuations the natural way growth takes in private enterprise economies or are they mainly due to some outside shocks that could be avoided or reduced? Should their analysis be based on trend-unadjusted or on trend-adjusted time series data? These are major questions that have received considerable attention in economic literature, but they are difficult and still debated. I cannot hope to resolve any of them in this paper, of course, but I shall attempt to contribute to the discussion of some aspects of how business cycles and growth are related. Date: 1981-04 Published as Zarnowitz, Victor. "Business Cycles and Growth: Some Reflections and Measures." Wirtschaftstheorie und Wirtschaftspolitik: Gedenkschrift fur Erich Preiser, edited by Wolfgang J. Muckl and Alfred E. Ott, pp. 475-508. Passau: Passavia Universitatsverlag, 1981. Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:0665 Ordering information: This working paper can be ordered from Access Statistics for this paper More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC. |
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