X-Nico

Cyclical industrial dynamics

The research by John Sterman finds that the so-called commodity cycles arise in many commodity markets.

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Based on his observations of the explicit cyclical movement in the shipbuilding industry, Nobel Prize-winning economist Jan Tinbergen believes the so-called ‘durable goods cycle’ is a result of the lag of the upstream industries such as shipbuilding in response to the cycles in end users markets such as that in freight rates.

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