库兹涅茨周期

库兹涅茨周期(英语:Kuznets swing / Kuznets cycle)是西蒙·库兹涅茨在1930年发现的中等长度的经济周期,长为15–25年。[1]库兹涅茨把这些周期与人口过程联系在一起,特别是与移民流入/流出以及它们引起的建筑建设强度变化联系在一起,因此这种周期也称为“人口”或“建筑”周期。也有人将库兹涅茨周期解释为基础设施投资周期。[2]

一些现代经济评论家认为,库兹涅茨的变化反映了土地价值的18年周期。[3][4]弗雷德·哈里森英语Fred Harrison认为,可以通过对土地价值征收年度税(地价税)来平滑或完全避免这种繁荣与萧条的循环。[5]

库兹涅茨的分析受到豪锐(Howrey,1968)的批评。[6]豪锐称,库兹涅茨发现的表观上的商业周期是他选用的“滤波器”造成的假象。豪锐提出,当使用库兹涅茨滤波器时,白噪声序列中也出出现相同的周期性模式。[7]不过,库兹涅茨的主张,即使不使用库兹涅茨滤波器也可以在全球GDP动态中发现波动。[8]

参考文献

  1. ^ Kuznets S. Secular Movements in Production and Prices. Their Nature and their Bearing upon Cyclical Fluctuations. Boston: Houghton Mifflin, 1930.
  2. ^ See, e.g., Forrester J. W. New Perspectives on Economic Growth. Alternatives to Growth – A Search for Sustainable Futures / Ed. by D. L. Meadows. Cambridge, MA: Ballinger, 1977. P. 107–121; Korotayev, Andrey V., & Tsirel, Sergey V. A Spectral Analysis of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and Kitchin Cycles in Global Economic Development, and the 2008–2009 Economic Crisis页面存档备份,存于互联网档案馆). Structure and Dynamics. 2010. Vol.4. #1. P.3-57.
  3. ^ The Great 18-Year Real Estate Cycle. Cato Institute. 2010-01-22 [2020-03-31]. (原始内容存档于2018-10-26). 
  4. ^ Why we must halt the land cycle. Financial Times. [2020-03-31]. (原始内容存档于2020-03-17). 
  5. ^ Harrison, Fred. Fred Harrison: Want to get rid of boom and bust? Tax land, not income. The Guardian. 2005-04-11 [2020-03-31]. (原始内容存档于2020-05-16). 
  6. ^ Howrey, E. "A spectrum analysis of the long swing hypothesis." International Economic Review. 9:228-252. 1968.
  7. ^ Cogley, Timothy and Nason, James M. "Effects of the Hodrick-Prescott filter on trend and difference stationary time series: implications for business cycle research." in Real Business Cycles: A Reader. eds. James Hartley, Kevin Hoover, and Kevin D. Salyer. 1998. p. 636.
  8. ^ Korotayev, Andrey V., & Tsirel, Sergey V. A Spectral Analysis of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and Kitchin Cycles in Global Economic Development, and the 2008–2009 Economic Crisis页面存档备份,存于互联网档案馆). Structure and Dynamics. 2010. Vol.4. #1. P.3-57.