English Explanatory Dictionary

Kondratiev wave

English dictionary entry

Meanings

noun
  1. A hypothesized cycle-like phenomenon in the modern world economy, said to range from 40 to 60 years and to consist of alternating intervals of high sectoral growth and relatively slow growth.

Word forms

Kondratiev wave Kondratiev waves Kondratieff wave

Etymology

Named after Soviet economist Nikolai Kondratiev (1892–1938), who was the first to bring the idea to international attention in his book The Major Economic Cycles (1925).

Synonyms

K-wave supercycle

Related words

business cycle Elliott wave hype cycle Schumpeter's gale
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