A century of research on property cycles – a review of research on major and auxiliary business cycles.

Jadevicius, Arvydas, Sloan, Brian and Brown, Andrew (2010) A century of research on property cycles – a review of research on major and auxiliary business cycles. In: XI BSV International Conference on Valuation and Investment,, 23-24 September 2010, Minsk, Belarus. (Unpublished)

Paper_I_Minsk_2010.pdf - Accepted Version
Available under License Creative Commons Attribution Non-commercial.

Download (270kB)


The existence of cycles within economy and its sub-sectors has been studied for a number of years. The importance of cycles has grown to have significant importance in the major capitalistic countries, seeing cycles as having a negative impact on the aggregate output of these economies. As a result, economists and scholars attempted to research this phenomenon in the belief that a better understanding of the cyclical nature of the economy would prevent cycles from happening in the future. Various theories have been developed to explain the regularity of business cycles. The aim of this paper is to discuss the major types of cycles found in the literature. There are four major and eight auxiliary cycles. The review presents a discussion on their general characteristics, and the key forces that produce these cycles. Concluding remarks summarise the discussion and present key findings.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: Business; cycle; literature review;
University Divisions/Research Centres: Faculty of Engineering, Computing and Creative Industries > School of Engineering and the Built Environment
Dewey Decimal Subjects: 300 Social sciences > 330 Economics > 330 Economics
300 Social sciences > 330 Economics > 332 Financial economics
Library of Congress Subjects: H Social Sciences > HC Economic History and Conditions
Item ID: 5065
Depositing User: Prof. Brian Sloan
Date Deposited: 12 Mar 2012 09:37
Last Modified: 12 Mar 2012 09:37

Actions (login required)

View Item View Item


Downloads per month over past year

View more statistics

Edinburgh Napier University is a registered Scottish charity. Registration number SC018373