- Source: Juglar cycle
The Juglar cycle is a fixed investment cycle of 7 to 11 years identified in 1862 by Clément Juglar. Within the Juglar cycle one can observe oscillations of investments into fixed capital and not just changes in the level of employment of the fixed capital (and respective changes in inventories), as is observed with respect to Kitchin cycles. 2010 research employing spectral analysis confirmed the presence of Juglar cycles in world GDP dynamics.
The 7 years cycle is related to the buildup of debt and is known since biblical times: "At the end of every seven-year period you shall have a relaxation of debts" (Deuteronomy 15:1-2).
See also
Fixed investment
Business cycle
References
Further reading
Lewis, W. Arthur (1978). Growth and Fluctuations 1870–1913. London: Allen & Unwin. pp. 33–68. ISBN 0-04-300072-X.
Morgan, Mary S. (1990). The History of Econometric Ideas. New York: Cambridge University Press. pp. 40–44. ISBN 0-521-37398-0.
External links
Clement Juglar and the transition from crises theory to business cycle theories
Kata Kunci Pencarian:
- Siklus Juglar
- Nikolai Kondratiev
- Gelombang Kondratiev
- Sejarah pemikiran ekonomi makro
- Juglar cycle
- Juglar
- Business cycle
- Clément Juglar
- List of cycles
- Kondratiev wave
- Kitchin cycle
- Joseph Schumpeter
- Social cycle theory
- Soft landing (economics)
