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Business Cycle Model on the Basis of Method of Systems Potential (english version)

Author

Listed:
  • Grigorii Pushnoi

    (International Bogdanov Institute)

Abstract

The new business cycle three-dimensional model is formulated on the basis of new system approach known as the Method of Systems Potential. Cyclical dynamics with catastrophe jumps (alike to N.Kaldor (1940) model) and some stochastic properties is described. Properties of such cycles are similar to the properties of the typical business cycle.

Suggested Citation

  • Grigorii Pushnoi, 2005. "Business Cycle Model on the Basis of Method of Systems Potential (english version)," Development and Comp Systems 0505016, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpdc:0505016
    Note: Type of Document - pdf; pages: 7. Report for the Second Conference on Evolution Economics; english version of paper ewp- mac/0502015.pdf
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0505/0505016.pdf
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    More about this item

    Keywords

    business cycle model; catastrophe theory; economic potential;
    All these keywords.

    JEL classification:

    • O - Economic Development, Innovation, Technological Change, and Growth
    • P - Political Economy and Comparative Economic Systems

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