Ozouni, Eirini; Katrakylidis, Constantinos; Zarotiadis, … - In: Journal of applied economics 21 (2018) 1, pp. 160-174
The present paper is an empirical exercise that contributes to the debate on whether long-lasting cyclical economic development can be viewed as a deterministic phenomenon or a stochastic process. First, we search for longer lasting, periodically reappearing cycles of GDP per capita in four...