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Technology Long Waves

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   The  Kondratiev Wave  is an important element of  World-Systems Theory . The graphic above is taken from  Andreas Goldschmidt  and gives historical specifics for technological cycles. Goldschmidt's formulation allows for the idea to be tested (one of the models I always test), is partially consistent with economic Growth theory (particularly if we do not assume a functional form for exogenous disembodied technological change in the  Solow-Swan Model ) and I can present some examples. The Iranian Economy prior to 1979  and associated  Tech Bubble .
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Boiler Plate

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  Notes The first six indicators in  standard scores  are taken from the  World Development Indicators  (WDI). KOF =  KOF Index of Globalization , EF =  Ecological Footprint , HDI =  Human Development Index .  State Space Model Estimation The Measurement Matrix for the  state space models  was constructed using  Principal Components Analysis  with  standardized  data from the  World Development Indicators . The statistical analysis was conducted in an extension of the  dse package . The package is currently supported by an online portal ( here ) and can be downloaded, with the R-programming language, for any personal computer  here .  Code for the state space  Dynamic Component models (DCMs)  is available on my Google drive ( here ) and referenced in each post. Atlanta Fed Economy Now My approach to forecasting is similar to the  EconomyNow model used by the Atlanta Federal...
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