The Quantitative Assessment of the Cyclical Development in Modern Conditions
The article studies applicability of the resource-oriented approach in assessing the impact of extensive and intensive factors on stable and continuous development of economic systems under cyclic conditions. The quantitative assessment of impact of efficient resource utilization on structural g...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
NGO “Economic Laboratory for Transition Research” (ELIT)
2017-12-01
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| Series: | Montenegrin Journal of Economics |
| Subjects: | |
| Online Access: | http://mnje.com/sites/mnje.com/files/109-119_endovitskiy_et_al.pdf |
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| Summary: | The article studies applicability of the resource-oriented approach in
assessing the impact of extensive and intensive factors on stable
and continuous development of economic systems under cyclic
conditions. The quantitative assessment of impact of efficient resource
utilization on structural growth rates of the economy dependent
on domestic public policy showed that excessive development
of financial services makes the economy quite vulnerable to
external factors. Results of the research according to the suggested
method show that Russian economy has been in crisis since 2006,
which matches the downward wave of big economic dynamics cycle
described by N. D. Kondratyev |
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| ISSN: | 1800-5845 1800-6698 |