Causal mechanisms of long waves

Abstract Previous research on the causes of economic growth maintains that long waves of economic development arise as a result of Schumpeterian innovation. This paper builds on this research by introducing four primary causal mechanisms for the long wave of economic development. The causal mechanisms are classified based on level of analysis. The paper argues that describing causal mechanisms by level of analysis allows researchers to more easily draw from various fields and establish needed consensus in long wave theory.

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