Research on Formation of Kondratiev Сycles in Canadian Economy

This work is devoted to analysis of the formation of Kondratiev cycles in 1870– 2008.The study aims to obtain data about the possible formation of long cycles on the basis of spectral analysis of deviations from the trend of the time series of real GDP per capita. The study notes that the Kondratiev cycles had gainedthe greatest power by the early twentieth century. This is most clearly seen in the 1930s. Later during the study, we found that the power of the Kondratiev cycles is waning and becomes minimal by 1960. All the decreasingsegments of Kondratiev cycles do no exhibitneither bursts of power, nor any short-term increases in capacity. This study suggests that in the Canadian economy, the change of technological orders by the end of the twentieth century was notshaped in accordance with the time frame outlined by the Kondratiev cycles. For example, cycles with a period of 33,3 years had the most power,which may indicate that by the end of the twentieth century a change in technological structure has a shorter time framefor developed countries.