THE DEVELOPMENT OF THEORETICAL CONCEPTS OF THE ROOT CAUSE OF CYCLICAL FLUCTUATIONS IN THE ECONOMY
Journal Title: Ринкова економіка: сучасна теорія і практика управління - Year 2015, Vol 14, Issue 3
Abstract
The subject of the article is the development of the world theoretical concepts that justify the emergence of cyclical fluctuations in the economy. The aim of the article serves a critical analysis of the possible causes of cyclical fluctuations in the economy from the per-spective of different authors. Scientific methods of research, compilation and analysis were used in the article. The main causes of cyclical fluctuations in the economy were studied by many foreign and domestic authors. Many of the theoretical concepts rather narrow focus at¬tention on any one possible cause of the cyclical fluctuations in the economy. Some authors approach the problem of identifying the causes of cyclical fluctuations complex: combining the causes within the system with the causes that affect it from outside, taking into account psychological factors. The results obtained after the analysis of the basic theoretical concepts of the emergence of cyclical fluctuations, can be applied in the management of enterprise development in order to increase the validity of the decisions made under the influence of the effects of cyclical fluctuations.
Authors and Affiliations
R. V. Grinchenko
Keywords
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