Table III Long-term fluctuations of the...

Table III

Long-term fluctuations of the growth rate of world industrial production and the growth rate of the total GDP of 16 capitalist countries (from the mid-nineteenth century to the 1970s)

		Juglar cycle	The growth rate of world industrial production	The growth rate of total GDP of 16 capitalist countries
The second economic long wave	The upward stage	(1850–1856)	(7.6)
		1856–1866	2.8
		1866–1872	4.5
	The downward stage	1872–1883	2.7	2.4
		1883–1892	3.4	2.7
The third economic long wave	The upward stage	1892–1903	4.3	2.9
		1903–1913	4.1	3.0
		1913–1920	−1.0	0.3
		1920–1929	5.1	3.8
	The downward stage	1929–1937	1.6	1.3
		1937–1948	1.8	1.8
The fourth economic long wave	The upward stage	1948–1957	5.9	4.8
		1957–1966	5.9	4.8
		1966–1973	5.1	4.8

		Juglar cycle	The growth rate of world industrial production	The growth rate of total GDP of 16 capitalist countries
The second economic long wave	The upward stage	(1850–1856)	(7.6)
		1856–1866	2.8
		1866–1872	4.5
	The downward stage	1872–1883	2.7	2.4
		1883–1892	3.4	2.7
The third economic long wave	The upward stage	1892–1903	4.3	2.9
		1903–1913	4.1	3.0
		1913–1920	−1.0	0.3
		1920–1929	5.1	3.8
	The downward stage	1929–1937	1.6	1.3
		1937–1948	1.8	1.8
The fourth economic long wave	The upward stage	1948–1957	5.9	4.8
		1957–1966	5.9	4.8
		1966–1973	5.1	4.8

Source: Van Duijn: Economic Long Wave and Innovation, Chinese Version, Shanghai Translation Press 1993, p. 182 Figure 9.7, p. 183 Figure 9.8, p. 177 Figure 9.5

[ViewLarge]

Sharing Unavailable