How far is this far? The duration of an economic cycle
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The study discusses the long-term characteristics of GDP growth, the economic cycle and its speed, and the time requirements of production. The wide dispersion in the rate of annual growth, as the reciprocal of the average rate of growth, is compared with the inertia found in the average length of the production cycle. An attempt is made to develop a long-term strategic outlook requisite for this.
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