SwePub
Sök i LIBRIS databas

  Utökad sökning

onr:"swepub:oai:DiVA.org:umu-24922"
 

Sökning: onr:"swepub:oai:DiVA.org:umu-24922" > Regular and chaotic...

Regular and chaotic growth in a Hicksian Floor/ceiling model

Sushko, Iryna, (författare)
Institute of Mathematics, National Academy of Sciences of Ukraine, and Kyiv School of Economics, Kiev, Ukraine
Gardini, Laura, (författare)
Department of Economics and Quantitative Methods, University of Urbino, Italy
Puu, Tönu, 1936- (författare)
Umeå universitet, Centrum för regionalvetenskap (CERUM)
Umeå universitet Samhällsvetenskapliga fakulteten. Centrum för regionalvetenskap (CERUM). 
2010
Engelska.
Ingår i: Journal of Economic Behavior and Organization. - Elsevier. - 0167-2681. ; 75:1, s. 77-94
  • Tidskriftsartikel (refereegranskat)
Abstract Ämnesord
Stäng  
  • In some previous papers the present authors reassembled the Hicksian trade cycle model in a new way. The floor was tied to depreciation on capital, itself the cumulative sum of past net investments, for which the principle of acceleration provided an explanation. Hence no alien elements were needed to include capital, and so close the system. The resulting model created a growth trend along with growth rate cycles, which could be periodic or quasiperiodic. In the current paper, the ceiling, using capital stock as a capacity limit for production, is added. It then turns out that pure growth no longer exists, and chaos and multistability become possible, which they were not in the previous model. A variety of bifurcation scenarios is explored, and a full understanding of the working of the four-piece, originally three-dimensional, piecewise smooth map, is attained, using a reduction to a one-dimensional return map.

Nyckelord

Hicksian model
SOCIAL SCIENCES Business and economics Economics
SAMHÄLLSVETENSKAP Ekonomi Nationalekonomi

Publikations- och innehållstyp

art (ämneskategori)
ref (ämneskategori)

Hitta via bibliotek

Till lärosätets databas

Hitta mer i SwePub

Av författaren/redakt...
Sushko, Iryna
Gardini, Laura
Puu, Tönu, 1936-
Artiklar i publikationen
Journal of Econo ...
Av lärosätet
Umeå universitet

Sök utanför SwePub

 
pil uppåt Stäng

Kopiera och spara länken för att återkomma till aktuell vy