Везде
ANALYSIS OF ECONOMIC CYCLES USING A MATHEMATICAL MODEL OF MARKOV RANDOM PROCESSES
Table of contents
Annotation Estimate Publication content
References Comments
Share
QR
Metrics
ANALYSIS OF ECONOMIC CYCLES USING A MATHEMATICAL MODEL OF MARKOV RANDOM PROCESSES
Annotation
PII
S042473880000616-6-1
Publication type
Article
Status
Published
Authors
Askar Akayev 
ORCID: 0000-0001-8158-0171
Edition
Issue №1
Pages
27-37
Abstract
For the first time, an attempt is made to mathematically formalize the theory of business cycles by I. Schumpeter using the model of Markov random processes of reproduction and death. Explicit solutions have been obtained that describe the dynamics of ups and downs in economic activity caused by technological shocks. The stability of the model is shown under the influence of a random number of random supply shocks. Curves of cyclical fluctuations in economic activity are plotted.
Date of publication
01.01.2007
Number of purchasers
0
Views
794
Readers community rating
0.0 (0 votes)
Cite   Download pdf

References



Additional sources and materials

Allen R. (1963): Matematicheskaya ehkonomiya. M.: Izd-vo inostr. lit.
 
 Venttsel' E.S., Ovcharov L.A. (2003a): Teoriya sluchajnykh protsessov i ee inzhenernye prilozheniya. M.: ITs “Akademiya”.
 
 Venttsel' E.S., Ovcharov L.A. (20036): Teoriya veroyatnostej i ee inzhenernye prilozheniya. M.: ITs “Akademiya”.
 
 Nel'son R.R., Uinter S.Dzh. (2002): Ehvolyutsionnaya teoriya ehkonomicheskikh izmenenij. M.: Delo.
 
 Tumanova E.A., Shagas N.L. (2004): Makroehkonomika. Ehlementy prodvinutogo podkhoda. M.: INFRA-M. Shumpeter I. (1982): Teoriya ehkonomicheskogo razvitiya. M.: Progress.
 
 Khu An'chan (2005): Chem ob'yasnyayutsya vysokie tempy razvitiya kitajskoj ehkonomiki? // Problemy Dal'nego Vostoka. № 1.
 
 Akaev A. (2001): Kyrgyzstan: An Economy in Transition. Asia Pacific Press, Australian National University. Kydland F., Prescott E. (1982): Time to Build and Aggregate Fluctuations // Econometrica. Vol. 50. № 6.
 
 Solow R. (1956): A Contribution to the Theory of Economic Growth // Quarterly J. of Economics. February.

Comments

No posts found

Write a review
Translate