Model of medium-term economic cycle and its preliminary verification using the index of leading indicators and some other indicators
Petukhov V.A.1
1 Финансовый университет при Правительстве Российской Федерации
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Journal paper
Russian Journal of Entrepreneurship *
Volume 18, Number 13 (July 2017)
* Этот журнал не выпускается в Первом экономическом издательстве
Abstract:
The article shows the main structure of the author’s model of medium-term economic cycle. The author provides the evidence that this model corresponds on the whole to modern empirical indicators: to various components of the index of leading indicators and to growth rates of real GDP. This article will be useful experts in modern economic cycles and in history of economic thought.
Keywords: law of diminishing returns, Malthus-West-Ricardo theory, index of leading indicators, growth rate of real GDP before the onset of the crisis
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