The Role of Fluctuations in Consumer Purchases of Durable Goods in Developed Countries in the Business Cycle of the Twenty-First Century

Student: Serova Darya

Faculty: Faculty of World Economy and International Affairs

Educational Programme: World Economy (Bachelor)

Year of Graduation: 2020

Currently, the global economic environment is characterized by a rapid pace of transformation. As a result, existing business cycle theories are no longer able to explain real processes in the world economy. Thus, there is a need to analyze the factors that affect cyclical fluctuations since the beginning of the XXI century. One of these factors may be the dynamics of purchases of durable goods. The purpose of this study is to identify the role of changes in demand for durable goods in developed countries on cyclical fluctuations in their economy, as well as to determine the factors that affect the demand for durable goods.

Student Theses at HSE must be completed in accordance with the University Rules and regulations specified by each educational programme.

Summaries of all theses must be published and made freely available on the HSE website.

The full text of a thesis can be published in open access on the HSE website only if the authoring student (copyright holder) agrees, or, if the thesis was written by a team of students, if all the co-authors (copyright holders) agree. After a thesis is published on the HSE website, it obtains the status of an online publication.

Student theses are objects of copyright and their use is subject to limitations in accordance with the Russian Federation’s law on intellectual property.

In the event that a thesis is quoted or otherwise used, reference to the author’s name and the source of quotation is required.

Search all student theses