Investment cycles theory and transformational economy of Byelorussia

Cyclic process that take place in post-soviet transformational economy of Byelorussia are described. Capital investments are analyzed on the basis of annual, quarterly, and monthly statistics, and distinctive features of wave processes propagation in investment area and their influence on cyclic waves formation in national production volume dynamics are investigated. Possible variants of specifying GDP dynamics equations and the amount of industrial and non-industrial capital investments are examined. Graphical models were used to explain specific propagation of multiplicative effect of investment into economy distributed in time.