L.A.  Enikeeva, K.O.  Korovin, A.A.  Petryakov, 
    Modeling of Asynchronous Business Cyclesbased on G. Mensch Metamorphosis Model,
    International Business Management,
    Volume 10,Issue 15,
    2016,
    Pages 2788-2794,
    ISSN 1993-5250,
    ibm.2016.2788.2794,
    (https://makhillpublications.co/view-article.php?doi=ibm.2016.2788.2794)
    Abstract: Development and complication of state economies cause an issue of asynchronous cycle processes. The system of macroeconomic indicators cannot be considered as perfect, wherefore trend deviations are conventionally characterized by harmonic motion. This study covers a mathematical model of innovation waves, based on the metamorphosis model of G. Mensch. This model demonstrates correlation between technological development and economic growth. This model applies statistical data on GDP, real gross private domestic investment and personal savings. The model presented can be applied for studying of asynchronous business cycles. While the model is only basic, it needs to be further improved.
    Keywords: Asynchronous cycles;innovation waves;metamorphosis model;technological development;asynchronous business cycle;the system of macroeconomic indicators