Turbulence of Economic Processes: Theoretical Aspects

V. Burlachkov

Voprosy Ekonomiki, 2009, issue 11

Abstract: The article discusses turbulence of economic processes as a result of relative velocities of economic system elements. It is underlined that turbulence is the property of macroeconomic dynamics. The main reason of turbulence in economic system is the discrepancy between the velocity of deals contracting and the velocity of obligations executing. The process approach to the analysis of economic system as a set of processes is proposed. Using Lorentz transformations for turbulence analysis is discussed.

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2009:id:950

DOI: 10.32609/0042-8736-2009-11-90-97

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