IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpdc/0506001.html
   My bibliography  Save this paper

Long-term and Short-term Dynamics of the Economic System According to Method of Systems Potential (english version)

Author

Listed:
  • Grigorii Pushnoi

    (International Bogdanov Institute)

Abstract

The new method of system dynamics, Method of System Potential (MSP), is applied for examination of long-term and short-term dynamics of the Economic System. According to MSP two ways of long-term development of a system exist: (1) cyclical and (2) noncyclical dynamics of efficiency index of a system is possible. The cyclical type of development is based on periodical renewal of a system while the noncyclical way means that the system stagnate. Innovative processes are intensively stimulated in first-type systems (with cyclical dynamics) while the second-type systems needs the special pressing instance for realization of innovations. The systems with cyclical dynamics tend to the separate existence (private ownership system)of its constituents because the collapse into united wholeness leads to fall of total 'potential' in a united system . Consolidation of systems with noncyclical dynamics tends to the increment in the total 'potential' of united system. Hypothesis that these two qualitatively different ways of development correspond to 'West' and 'East' ways of evolution is discussed. MSP-cyclical dynamics of economic system corresponds to some quantitative version of N.Kaldor' (1940) business cycle model. Interrelation between MSP business cycle model and N.Kaldor' model is discussed.

Suggested Citation

  • Grigorii Pushnoi, 2005. "Long-term and Short-term Dynamics of the Economic System According to Method of Systems Potential (english version)," Development and Comp Systems 0506001, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpdc:0506001
    Note: Type of Document - pdf; pages: 16. Report for the Third Conference on Evolution Economics and Econophysics.
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/dev/papers/0506/0506001.pdf
    Download Restriction: no

    More about this item

    Keywords

    Kaldor' model; cusp catastrophe; East and West; long-term dynamics; deep structure; economic system; business cycle; stagnation; investment and saving functions.;

    JEL classification:

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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wpa:wuwpdc:0506001. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (EconWPA) or (Christopher F. Baum). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.