Tyck till om SwePub Sök här!
onr:"swepub:oai:DiVA.org:umu-24922"
Search: onr:"swepub:oai:DiVA.org:umu-24922" > Regular and chaotic...
- 1 of 1
- Previous record
- Next record
- To hitlist
Regular and chaotic growth in a Hicksian Floor/ceiling model
-
- Sushko, Iryna (author)
- Institute of Mathematics, National Academy of Sciences of Ukraine, and Kyiv School of Economics, Kiev, Ukraine
-
- Gardini, Laura (author)
- Department of Economics and Quantitative Methods, University of Urbino, Italy
-
- Puu, Tönu, 1936- (author)
- Umeå universitet,Centrum för regionalvetenskap (CERUM)
- (creator_code:org_t)
- Elsevier, 2010
- 2010
- English.
- In: Journal of Economic Behavior and Organization. - : Elsevier. - 0167-2681 .- 1879-1751. ; 75:1, s. 77-94
- Journal article (peer-reviewed)
Abstract
Subject headings
Close
- 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.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Keyword
- Hicksian model
- Economics
- Nationalekonomi
Publication and Content Type
- ref (subject category)
- art (subject category)
Find in a library
- Journal of Economic Behavior and Organization (Search for host publication in LIBRIS)
To the university's database
- 1 of 1
- Previous record
- Next record
- To hitlist
Find more in SwePub
- By the author/editor
- Sushko, Iryna
- Gardini, Laura
- Puu, Tönu, 1936-
- About the subject
-
- SOCIAL SCIENCES
- SOCIAL SCIENCES
- and Economics and Bu ...
- and Economics
- Articles in the publication
- Journal of Econo ...
- By the university
- Umeå University
Search outside SwePub
- Extend your search to:
- Google Book Search
- Google Scholar
Kungliga biblioteket hanterar dina personuppgifter i enlighet med EU:s dataskyddsförordning (2018), GDPR. Läs mer om hur det funkar här.
Så här hanterar KB dina uppgifter vid användning av denna tjänst.
- Copyright © LIBRIS - National Library Systems
- LIBRIS.kb.se
