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Anatomy of the “Economic Miracleâ€

Author

Listed:
  • A.Y. Arkhipov
  • B.H. Yerznkyan
  • E.M. Martishin

Abstract

The authors analyze evolutionary-institutional patterns and factors of economic growth and development on the example of a number of countries which have demonstrated the “economic miracle†. Their research method is a structure of socio-economic genotype which aims at maximizing the economic system outcomes. It is concluded that the “economic miracle†appears when the economic policy and development strategy of a country coincide with the succession (logic) of a cyclic structure of genotype as a driving force of economic evolution.

Suggested Citation

  • A.Y. Arkhipov & B.H. Yerznkyan & E.M. Martishin, 2015. "Anatomy of the “Economic Miracleâ€," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 7-20.
    • Handle: RePEc:ers:journl:v:xviii:y:2015:i:3:p:7-20
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    References listed on IDEAS

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    1. V. Maevsky, 1997. "Evolutionary Theory and Macroeconomics," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 3.
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    Cited by:

    1. Ерзнкян Баграт Айкович, 2017. "Институциональное Усиление: Три Типа Отношений," Journal of Institutional Studies Journal of Institutional Studies (Журнал институциональных исследований), CyberLeninka;Общество с ограниченной ответственностью «Гуманитарные перспективы», vol. 9(1), pages 27-38.

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      More about this item

      Keywords

      Economic Evolution and Institutions; Socio-Economic Genotype; Economic Cycles; Economic Miracle;
      All these keywords.

      JEL classification:

      • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
      • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
      • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
      • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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