Structural Shift in Economics of Developed Countries

Erokhina Elena Anatolyevna, Markova A. V., Tsikly N. D.

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The paper is devoted to the evidence of correlation of N.D. Kondratiev's cycles with structural displacements in economy. The authors describe the essence of the cycle and give the definition of cyclicity from positions of the self-organizing approach. The cyclic character of changes in economical structure is well grounded in the paper. Three structural cycles in economy of the developed countries are singled out during the period since the end 19th century till the present time. It is proved that structural cycles have similar periodicity with N.D. Kondratiev's cycles and turning points coinciding with long cycles.

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Issue: 5, 2005

Series of issue: Humanities (Economics)

Rubric: Economics

Pages: 47 — 50

Downloads: 757