Revyakin G. Patterns of Cyclic Development of the Global Economic System

The dissertation provides a deeper theoretical and methodological grounding for the studies of global economic system cyclical development and stability of Ukrainian economic development. The study examined scientific arguments and characterized the patterns of existing economic cycles. As a result of combination of the groups of theories, the definition of economic cycle was refined. The dissertation proposes a new product based approach to the study of economic cycles, which considers life-cycle of goods circulating in the market. The results of this study construct a model of economic system dynamics. Based on this model, an algorithm for predicting economic performance that takes into account economic cycles was developed. The results of the study revealed certain patterns of economic cycles that take place within the global economic system. The thesis develops an econometric model of Ukrainian economic growth dynamics, revealing the essence of economic cycles in Ukrainian national economy at its present stage, as well as the factors determining parameters of economic cycles on a national scale. Organizational and economic foundations for increasing Ukraine’s international competitiveness with the purpose of adapting to the volatile global economic space, were determined in order to reduce the negative effect of global economic system cyclical development and accelerate the economic growth.