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The Quantitative Assessment of the Cyclical Development in Modern Conditions

Dmitriy Aleksandrovich Endovitskiy, Nikolay Petrovich Lyubushin, Nadezhda Evaldovna Babicheva and Tatyana Alekseevna Pozhidaeva

Montenegrin Journal of Economics, 2017, vol. 13, issue 4, 109-119

Abstract: The article studies applicability of the resource-oriented approach in assessing the impact of extensive and intensive factors on stable and continuous development of economic systems under cyclic conditions. The quantitative assessment of impact of efficient resource utilization on structural growth rates of the economy dependent on domestic public policy showed that excessive development of financial services makes the economy quite vulnerable to external factors.

Date: 2017
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Handle: RePEc:mje:mjejnl:v:13:y:2017:i:4:p:109-119