Mathematical Model of the Cyclic Process of Introducing New Technologies

Based on Schumpeter’s process of creative destruction, we propose a qualitative model the cyclic introducing new technologies. The consists variable structure system with switchings between three globally stable dynamical subsystems. regimes make it possible to describe departing from equilibrium state in alternation implies lack for despite global stability its This mathematical fact corresponds typical situation real economic systems during renovation period. proposed shows cyclicity In case an unsuccessful technology introduction, establish existence closed trajectory system.