Modeling of asynchronous business cycles based on G. Mensch metamorphosis model

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The paper covers a mathematical model of innovation waves based on the metamorphosis model of G. Mensch. This model shows qualitatively the trajectory of asynchronous business cycles and demonstrates correlation between technological development and economic growth. The official US economic data is used for verification of model.

Asynchronous cycles, metamorphosis model, innovation waves

Короткий адрес: https://sciup.org/14875626

IDR: 14875626

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