On the sustainable economy development of some European Countries

On the sustainable economy development of some European Countries

Nicholas S. Gonchar*, Olena P. Dovzhyk

Mathematical Modeling Laboratory of Synergetics Department, the N.N.Bogolyubov Institute for Theoretical Physics, Kiev, Ukraine

A new method to investigate the equilibrium state of an economy is proposed. The classification of the equilibrium states is given. The basic principle of equilibrium the economy to its environment is formulated. It is used to obtain the money circulation equation. On this basis the notion of the sustainable economic development is defined. The analysis of the economy of three European contries is given. The principle of adequacy of currency exchange and inflation rates to the determining factors is proposed.

This work was supported in part by the Program of Fundamental Research of the National Academy of Sciences of Ukraine (project № 0118U003196).

Keywords: Exchange Rate, Forecast, Sustainable Economy Development, Recession

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