AN APPROACH ON THE MODELLING OF LONG ECONOMIC CYCLES IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT

TANASESCU Cristina, Lucian Blaga University of Sibiu

BUCUR Amelia , Lucian Blaga University of Sibiu

OPREAN-STAN Camelia , Lucian Blaga University of Sibiu, Romania

Abstract:
One of the themes that have been approached more and more within the specialised literature is being represented by economic cycles. The analysis of these is very useful in the long term predictions, in finding solutions for the economic raise and for detecting the economic crisis. At the same time, it is underlined in a lot of scientific and research papers, the importance of the sustainable development in the present and future society. In this paper we intend to bring contributions to the study of the cycles of a sustainable economy and we will analyse it having in mind the purpose of creating the sustainable economy. We will demonstrate the fact that curves that represent graphically all these, are not simple logistics anymore, bi-logistics or multi-logistics curves, but curves in plan that are obtained by composing logistics functions with the function of the sustainable development or with the function that shapes the economic component of it mathematically. We will present an interpretation of mathematic models within the frame of the sustainable development.

Keywords: economic cycles, sustainable development, logistics function, function of sustainable development

JEL Classification: E32, C5,C6

Volume: 68, Issue: 4

Pages: 177 - 190

Publication date: December, 2016

Download the article: http://economice.ulbsibiu.ro/revista.economica/archive/68415tanasescu&bucur&oprean-stan.pdf

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