Template-Type: ReDIF-Paper 1.0
Author-Name: de Groot, E.A.
Author-Name-Last: de Groot
Author-Name-First: Bert
Author-Name: Franses, Ph.H.B.F.
Author-Name-Last: Franses
Author-Name-First: Philip Hans
Author-Person: pfr226
Title: Cycles in basic innovations
Abstract: Basic innovations are often believed to be the drivers of economic growth. It has  been widely documented that economic growth follows cyclical patterns of varying length. In this paper we examine if such patterns are also present in basic  innovations. For an annual time series of count data covering 1764-1976, we fit a  harmonic Poisson regression model. The results suggest the presence of multiple  cycles of length 5, 13, 24, 34 and 61. We compare these cycles and their joint effect with widely documented economic cycles and find important resemblances and  differences.
Creation-Date: 2005-01-01
File-URL: https://repub.eur.nl/pub/6942/InnovationsCycles.pdf
File-Format: application/pdf
Series: RePEc:ems:eureir
Number: EI 2005-35
Keywords: basic innovations, economic cycles, harmonics, poisson regression
Handle: RePEc:ems:eureir:6942