Business Cycle Model on the Basis of Method of Systems Potential (english version)
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Grigorii Pushnoi: International Bogdanov Institute
Development and Comp Systems from University Library of Munich, Germany
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.
Keywords: business cycle model; catastrophe theory; economic potential (search for similar items in EconPapers)
JEL-codes: O P (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pke
Note: Type of Document - pdf; pages: 7. Report for the Second Conference on Evolution Economics; english version of paper ewp- mac/0502015.pdf
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpdc:0505016
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