Leading indicators of business cycles in the developed countries and transformation economies: the comparative analysis

The issues of economic system control under cyclicity of development are considered. The comparative analysis of conceptual approaches to techniques of revealing the leading indicators of business cycle for transformation economies is given. The necessity of the specified indicators ranging both for short and medium term cycles is proven. The results of revealing the leading indicators for Bulgaria, Byelorussia, Russia, and Ukraine on the basis of processing of extensive statistical base with use of author's methodology are presented.