Business Cycle Model on the Basis of Method of Systems Potential (english version)
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.
|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|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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