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Through modeling the Kondratieff waves (cycles) the authors show, that the upward half-wave of the third Kondratieff wave in the economic dynamics of the UK emerged in 1887. Further, in 1926 emerged the upward half-wave of the fourth Kondratieff wave in the economic dynamics of the UK. The upward halfwave of the fifth Kondratieff wave in Britain’s economy emerged in 1985. The fifth wave is in place till nowadays. Modeling of technological modes has allowed to assess their efficiency as concerning the economy of the UK. The efficiency of relic modes, measured in terms of per capita GDP equals to £2805 measured in 2005 pounds sterling. The maximum efficiency of the fourth technological mode equals to £1328, measured in 2005 pounds sterling. The maximum efficiency of the fifth technological mode reaches £8739 measured in 2005 pounds sterling. The maximum efficiency of the sixth technological mode for the economy of the UK reaches £19 811 measured in 2005 pounds sterling.
Басовский et al. (Fri,) studied this question.