"Kuznets Cycles" in Growth Rates: The Meaning

Bird, Roger C.; Desai, Meghnad; Enzler, Jared J.; Taubman, Paul

doi:10.2307/2525417

Cited by 18 publications

(2 citation statements)

References 1 publication

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Blank (1954) et Abramovitz (1964), employant des techniques plus traditionnelles, étaient arrivés à un cycle d'une durée variant entre 15 et 25 ans. Les méthodes utilisées par ces derniers ont été habilement critiquées par Adelman (1965), Bird et al (1965) et Cargill (1971.…”

Section: Les éTudes Sur Les Cycles De Longue Périodeunclassified

L’économique de l’habitation : une revue de lalittérature

D’Amours

Nadeau

2009

View full text Add to dashboard Cite

This article has a two-fold purpose: first, to offer as complete an inventory aspossible of the literature written on the economics of housing, classifying thisliterature according to subject matter (in this sense, the article takes on theappearance of an annotated bibliography); and second, to take a hard look at thepresent state of economic theory in this field. The article is divided into the following six sections: 1) existing surveys;2) studies related to long-term cycles in residential construction; 3) theoriesexplaining short-term fluctuations; 4) verbal models; 5) econometric models;6) other studies. Some emphasis has been given to the authors' two principal conclusions. In theiropinion, the "residual" vision and the countercyclical hypothesis have not beenadequately tested in the past. Furthermore, the authors bring to light evidence,both theoretical and factual, which contradicts this theory (see Section 3). Then,in Section 5, the authors attempt to show how econometric models, except in the mostrecent papers, fail to take into account, adequately, the relationships between thehousing and mortgage markets and the builders. In addition, it is contended thatthese models are not truly representational of the whole sector, in that they areoften nothing more than simple demand or supply equations, or, even worse, neitherone nor the other.

show abstract

Section: Les éTudes Sur Les Cycles De Longue Périodeunclassified

L’économique de l’habitation : une revue de lalittérature

D’Amours

Nadeau

2009

View full text Add to dashboard Cite

show abstract

“…Another perspective views long swings niether as the result of endogenous mechanisms nor as the result of a systematic exogenous variable, but rather as 'episodic events', the result of a series of shocks 'operating sequentially on a given economic structure' (Solomou, 1987: 170-1; this is not to say that mechanisms endogenous to the economic structure do not mediate systematically such that the episodic shocks result in long swings). The smorgasbord furthermore includes the serious question of whether long swings ever existed at all outside the statistical methods of researchers (Bird et al, 1965;Soper, 1975).…”

Section: Long Swings Rent Gaps and Forms Of Building Provisionmentioning

confidence: 99%