Kondratiev wave

English Alternative forms en Kondratieff wave Etymology en Soviet economist Nikolai Kondratiev = 1892 1938, who was the first to bring the idea to international attention in his book The Major Economic Cycles (1925). Noun en Q1088183 en economics A hypothesized cycle-like phenomenon in the modern world economy, said to range from 40 to 60 years and to consist of alternating intervals of high sectoral growth and relatively slow growth. en K-wave supercycle en wave#Noun en 1992 Jyotiprasad Medhi Statistical Methods: An Introductory Text New Age International 9788122404197 335 https://books.google.com/books?id=bRUwgf_q5RsC&pg=PA335&dq=%22Kondratiev+wave%22&hl=&cd=2&source=gbs_api#v=onepage&q=%22Kondratiev%20wave%22&f=false Each such wave, known as Kondratiev Wave, has all the four characteristics of a business cycle. It rises on the back of new technologies and new forms of enterprise; the expansion leads to a peak, then topples over into a crash and reaches the trough. The first Kondratiev wave of the Industrial revolution rode on the technologies of the cotton and wrought-iron industries; See also en business cycle Elliott wave hype cycle Schumpeter's gale