Business Cycle Model on the Basis of Method of Systems Potential (english version)
AbstractThe 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.
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Bibliographic InfoPaper provided by EconWPA in its series Development and Comp Systems with number 0505016.
Length: 7 pages
Date of creation: 25 May 2005
Date of revision:
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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business cycle model; catastrophe theory; economic potential;
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