The Kitchin cycle is a short business cycle of about 40 months, identified in the 1920s by Joseph Kitchin.[1]
This cycle is believed to be accounted for by time lags in information movement, affecting the decision making of commercial firms. Firms react to the improvement of commercial situation through the increase in output through the full employment of the extant fixed capital assets. As a result, within a certain period of time (ranging between a few months and two years) the market gets ‘flooded’ with commodities whose quantity becomes gradually excessive. The demand declines, prices drop, the produced commodities get accumulated in inventories, which informs entrepreneurs of the necessity to reduce output. However, this process takes some time. It takes some time for the information that supply significantly exceeds demand to get to the business people. As it takes entrepreneurs time to check this information and to make the decision to reduce production, time is also necessary to materialize this decision (these are the time lags that generate the Kitchin cycles). Another relevant time lag is the lag between the decision (causing the capital assets to work well below the level of their full employment) and the decrease of the excessive amounts of commodities accumulated in inventories. Yet, after this decrease takes place one can observe the conditions for a new phase of growth of demand, prices, output, etc.[2]
For example, the volume of oil production on tight oil formations in the US depends significantly on the dynamics of the WTI oil price. About six months after the price change, drilling activity changes, and with it the volume of production. These changes and their expectations are so significant that they themselves affect the price of oil and hence the volume of production in the future.
These regularities are described in mathematical language by a differential extraction equation.[3]
^Kitchin, Joseph (1923). "Cycles and Trends in Economic Factors". Review of Economics and Statistics. 5 (1): 10–16. doi:10.2307/1927031. JSTOR 1927031.
^Korotayev, Andrey V.; Tsirel, Sergey V. (2010). "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". eScholarship. Structure and Dynamics. 4 (1). UC: 3–57.
^Malanichev, A.G. (2018). "Modelling of Economic Oscillations of Shale Oil Production on the Basis of Analytical Solutions of a Differentiation Equation with a Retarded Argument". Journal of the New Economic Association. 2 (38): 54–74. doi:10.31737/2221-2264-2018-38-2-3 – via Scopus.
The Kitchincycle is a short business cycle of about 40 months, identified in the 1920s by Joseph Kitchin. This cycle is believed to be accounted for...
observed with respect to Kitchincycles. 2010 research employing spectral analysis confirmed the presence of Juglar cycles in world GDP dynamics. Fixed...
or proposers: The Kitchin inventory cycle of 3 to 5 years (after Joseph Kitchin) The Juglar fixed-investment cycle of 7 to 11 years. A range of periods...
of World GDP Dynamics: Kondratiev Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis"....
time. Feedback Hog/corn ratio Kitchincycle Oscillation Rosen, Sherwin; Murphy, Kevin; Scheinkman, José (1994), "Cattle cycles", Journal of Political Economy...
such as Nikolai Kondratieff, Simon Kuznets, and Joseph Schumpeter. The Kitchincycle is believed to be accounted for by time lags in information movements...
of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis"....
suggested a model in which the four main cycles, Kondratiev (54 years), Kuznets (18 years), Juglar (9 years), and Kitchin (about 4 years) can be added together...
of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis. Structure...
business cycle. Keynes–Ramsey rule Keynes's theory of wages and prices Khazzoom–Brookes postulate King–Plosser–Rebelo preferences Kitchincycle Kiyotaki–Moore...
of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis. Structure...
and response in output. This is one lag which points out that business cycles do not follow a completely random fashion but can be explained with a few...
of World GDP Dynamics: Kondratiev Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis. Structure...
of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis. Structure...
of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis. The...
mistakes. After exploring the possibility of a run in several previous cycles, in January 2007, Biden declared his candidacy in the 2008 elections. During...
of World GDP Dynamics: Kondratieff Waves, Kuznets Swings, Juglar and KitchinCycles in Global Economic Development, and the 2008–2009 Economic Crisis. Structure...
Armstrong, E. H., "Wireless receiving system", published 1914-10-06 Kitchin, Charles. "A Short Wave Regenerative Receiver Project". Archived from the...
Records. Archived from the original on 8 April 2020. Retrieved 8 April 2020. Kitchin, Tom (8 April 2020). "NZ wins back title of world's steepest street from...
been favored to win. Chuck Schumer chaired the DSCC one of two consecutive cycles. Prior to the 2006 election, the Republican Party controlled 55 of 100 Senate...
Stanningley is the home of the unique Bootie Folding Cycle. It was made by a local engineering firm, F & T Kitchin & Co, at their Vickersdale works as a sideline...
S2CID 3560886. Pennline, Henry W.; Granite, Evan J.; Luebke, David R.; Kitchin, John R.; Landon, James; Weiland, Lisa M. (June 2010). "Separation of CO2...
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