- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / 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.
- Keywords
- Date of publication
- 01.01.2007
- Year of publication
- 2007
- Number of purchasers
- 0
- Views
- 843
RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods
- ISSN (Print) 0424-7388
- ISSN (Online) 3034-6177
ANALYSIS OF ECONOMIC CYCLES USING A MATHEMATICAL MODEL OF MARKOV RANDOM PROCESSES
Indexing
Scopus
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Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library