QUANTITATIVE AND QUALITATIVE ANALYSIS IN ECONOMICS
THE IMPORTANCE OF KONDRATIEV’S ANALYSIS OF LONG CYCLES FOR THE DEVELOPMENT OF MACROECONOMIC THEORY
Slobodan Cvetanović, Dušan Cvetanović
Abstract: A combination of qualitative (historical and descriptive) and quantitative (mostly statistical) methods of economic analysis in the research of long cycles as the basic form of economic development in capitalism represents a central contribution to Kondratiev’s economic analysis. Kondratiev treated economic history as a part of social evolution and he also used statistical analysis instruments at that time. Despite its simplicity, Kondratiev's long-cycle research represents the greatest premise of early literature on economic statistics and economic history. Therefore, in the methodological sense, the research of long cycles by Kondratiev is of great importance for the development of macroeconomic theory and politics.
Keywords: economic trends, long cycles, economic analysis, methods of economic analysis
Published: p. 3-10
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