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Dynamics of Economic Cycles

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Cybernetics and Systems Analysis Aims and scope

Abstract

Cyclic economic development is a result of existed and existing changes in the relation between demand and supply in the goods market that upset its equilibrium, but this equilibrium is restored with constant time rhythms in the course of self-regulation of the number of persons engaged in the production sphere depending on a conjuncture of consumer demand. It is shown that the observed Kondratyev (Kondratieff) waves are measured in basic prices by the real value of the capital available in the production sphere and are representable by its time graphs.

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Authors and Affiliations

  1. Technical Center, National Academy of Sciences of Ukraine, Kyiv, Ukraine

    B. B. Dunaev

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  1. B. B. Dunaev
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Correspondence to B. B. Dunaev.

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Translated from Kibernetika i Sistemnyi Analiz, No. 2, March–April, 2017, pp. 146–162.

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Dunaev, B.B. Dynamics of Economic Cycles. Cybern Syst Anal 53, 293–307 (2017). https://doi.org/10.1007/s10559-017-9929-3

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