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Business cycle model on the basis of “systems potential” method

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 System Potential Method. Cyclical dynamics with catastrophe jumps (alike to Varian' 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 “systems potential” method," Macroeconomics 0502015, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0502015
    Note: Type of Document - pdf; pages: 5. pdf-file (russian version)
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/mac/papers/0502/0502015.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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