Abstract
The momentum-shell technique is employed to derive the recursion relations for the Lifshitz point above the lower critical dimensionality. For the uniaxial point (m=1) the expansion is made in ε=d2.5 and the critical exponents are calculated. The results are λt=ν41=2ε, η2=ε(n2), η4=2ε(n2), βk=12+3ε4(n2), where n is the number of components of the spin. The critical behavior in the presence of long-range power-law interactions is also studied.