Anatomy of the “Economic Miracle”

A.Y. Arkhipov, B.H. Yerznkyan, E.M. Martishin
European Research Studies Journal, Volume XVIII, Issue 3, 7-20, 2015
EOI: 10.11214/thalassinos.18.03.001

Abstract:

The authors analyze evolutionary-institutional patterns and factors of economic growth and development on the example of a number of countries which have demonstrated the “economic miracle”. Their research method is a structure of socio-economic genotype which aims at maximizing the economic system outcomes. It is concluded that the “economic miracle” appears when the economic policy and development strategy of a country coincide with the succession (logic) of a cyclic structure of genotype as a driving force of economic evolution.


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