1974, a downturn of the long wave?



As its title suggests, the work looks at whether 1974 is a downturn of a long economic movement.  In order to answer this question, the author first justifies the hypothesis that the years 1945 to 1973 represented a long upward swing. The focal point of a decisive turn in the long wave, 1972-1974, is then considered. Finally, the prevalence of downswing phenomena since 1974 is assessed. 


JEL: N14, N24


1974, long-term economic downturn, recession, long wave

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ISSN 2037-3643

Reg. Tribunale di Roma n.377/2009 del 19/11/2009