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A century of research on property cycles – a review of research on major and auxiliary business cycles.

Jadevicius, Arvydas; Sloan, Brian; Brown, Andrew

Authors

Arvydas Jadevicius

Brian Sloan



Abstract

The existence of cycles within economy and its sub-sectors has been studied for a number of years. The importance of cycles has grown to have significant importance in the major capitalistic countries, seeing cycles as having a negative impact on the aggregate output of these economies. As a result, economists and scholars attempted to research this phenomenon in the belief that a better understanding of the cyclical nature of the economy would prevent cycles from happening in the future. Various theories have been developed to explain the regularity of business cycles. The aim of this paper is to discuss the major types of cycles found in the literature. There are four major and eight auxiliary cycles. The review presents a discussion on their general characteristics, and the key forces that produce these cycles. Concluding remarks summarise the discussion and present key findings.

Presentation Conference Type Conference Paper (unpublished)
Conference Name XI BSV International Conference on Valuation and Investment,
Start Date Sep 23, 2010
End Date Sep 24, 2010
Publication Date Sep 23, 2010
Deposit Date Mar 12, 2012
Publicly Available Date Mar 12, 2012
Peer Reviewed Peer Reviewed
Pages 1-17
Keywords Business; cycle; literature review;
Public URL http://researchrepository.napier.ac.uk/id/eprint/5065
Contract Date Mar 12, 2012

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