The problem of modeling of economic dynamics of exponential growth of economy is correct harrods model which argues an inevitability of economic crisis . Mathematical models in economics mathematical models in economics volume 1 no of pages 542 the ramsey growth model and neoclassical growth theory 7. The framework of mathematical dynamics of economic systems is applied to the development of financial crisis a view is proposed that the severity of financial crises can be explained by means of superposition of the fluctuations on connected markets exhibited in the form of a resonance phenomenon. The mathematics of modern growth theory stephen kinsella department of economics kemmy business school university of limerick limerick ireland. Unesco eolss sample chapters mathematical models in economics vol ii models of economic growth alfred greiner cencyclopedia of life support systems eolss in modern economics stylized empirical facts play an important role
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