Juglar cycle
Encyclopedia
Juglar cycle is a fixed investment cycle of 7 to 11 years identified in 1862 by Clement Juglar
. Within the Juglar cycle one can observe oscillations of investments into fixed capital and not just changes in the level of employment of the fixed capital
(and respective changes in inventories), as is observed with respect to Kitchin cycle
s. The recent research employing spectral analysis
has confirmed the presence of Juglar cycles in the world GDP dynamics up to the present time.
Clement Juglar
Clément Juglar was a French doctor and statistician.-Juglar Cycles:He was one of the first to develop an economic theory of business cycles. He identified the 7-11 year fixed investment cycle that is now associated with his name...
. Within the Juglar cycle one can observe oscillations of investments into fixed capital and not just changes in the level of employment of the fixed capital
Fixed capital
Fixed capital is a concept in economics and accounting, first theoretically analysed in some depth by the economist David Ricardo. It refers to any kind of real or physical capital that is not used up in the production of a product and is contrasted with circulating capital such as raw materials,...
(and respective changes in inventories), as is observed with respect to Kitchin cycle
Kitchin cycle
Kitchin cycle is a short business cycle of about 40 months discovered in the 1920s by Joseph Kitchin.This cycle is believed to be accounted for by time lags in information movements affecting the decision making of commercial firms. Firms react to the improvement of commercial situation through the...
s. The recent research employing spectral analysis
Spectral analysis
Spectral analysis or Spectrum analysis may refer to:* Spectrum analysis in chemistry and physics, a method of analyzing the chemical properties of matter from bands in their visible spectrum...
has confirmed the presence of Juglar cycles in the world GDP dynamics up to the present time.