The Cyclical Nature of Market Economy Development: A ‎Model-Based Analysis

  • Authors

    • Chaoheng Yan Belarusian National Technical University,220013 Minsk, Republic of Belarus
    • Xianpeng Wang International Institute of Management and Business,220086, Minsk City, Belarus https://orcid.org/0000-0002-1538-0099
    • Kexin Wang Xingtai Polytechnic Institute of New Energy, No. 58 Bin Hexi Road, Xingtai City, Hebei and Shinawatra University,99, Bang Toei, Sam Khok District, Pathum Thani 12160, Thailand https://orcid.org/0009-0003-4812-2138
    • Yuhao Gu International Institute of Management and Business,220086, Minsk City, Belarus https://orcid.org/0009-0009-7305-2497
    • Zhudro Nella Belarusian National Technical University,220013 Minsk, Republic of Belarus
    https://doi.org/10.14419/z8gang36

    Received date: November 15, 2025

    Accepted date: December 11, 2025

    Published date: December 17, 2025

  • Economic Cycles; Cycle Typologies; Macroeconomic Indicators; Econometric Methods; Globalization & Cycle ‎Synchronization

  • Abstract

    This paper delves into the cyclical nature of market economy development. By presenting a simple multiplier-accelerator model, it illustrates the intrinsic mechanisms underlying economic cycles. The study reviews major ‎economic cycle typologies, including Kitchin, Juglar, Kuznets, and Kondratieff cycles, and analyzes how ‎internal factors (investment behavior, consumption patterns) and external factors (technological innovations, ‎international trade) jointly shape these cycles. Empirical data from the United States, Germany, and global ‎aggregates are used to validate cyclical patterns, with a specific focus on GDP growth rates and industrial ‎production indices. The paper concludes with implications for policymakers, businesses, and investors, ‎highlighting the value of cycle awareness for evidence-based decision-making‎.

     

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  • How to Cite

    Yan, C. ., Wang, X., Wang, K. ., Gu, Y. ., & Nella , . Z. . (2025). The Cyclical Nature of Market Economy Development: A ‎Model-Based Analysis. International Journal of Accounting and Economics Studies, 12(8), 553-660. https://doi.org/10.14419/z8gang36