AN APPLICATION OF LOGISTIC CAPITAL MANAGEMENT THEORY MODEL TO THE ECONOMIC GROWTH CYCLE IN LITHUANIA

The article analyses one of the most recent theories of economic growth prof. Girdzijauskas (2002, 2006, 2008, 2009, 2010) created logistic growth theory, whose main idea is based on market saturation and the concept of limitation. The essential claims of the theory are being tried to adjust analysing the economic growth cycle of Lithuania in 1995-2009 period. Performed logistic analysis of Lithuania's GDP (Loglet Lab2), macro-economic indicators' and factors' affecting them correlation regression analysis (SPSS15,0). The article concludes of the presentation of the created economic growth cycles and the bubble formation mechanism combining hypothetical Lithuanian economic growth cycle assessment model.