DIGITÁLNE PRÍBEHY V NELINEÁRNYCH DYNAMICKÝCH EKONOMIKÁCH V DISKRÉTNOM ČASE

• Authors: Andrášik Ladislav

Title variants

EN

Digital stories in non-linear dynamical economies in discrete time

• Languages of publication: SK

Abstracts

EN

Advanced simulation and/or experimentation in virtual laboratories help to better understand the complex economic phenomena without sophisticated mathematical skills. That is useful for acquiring economic knowledge too. The economic laboratories created in Excel and STELLA for analysing dynamical behaviour of nonlinear economic models are exhibited. Such devices help to understand the complex behaviour of dynamic economic systems at least in qualitative imaginations. There are several cases of emergences of qualitative phenomena such as equilibrium-disequilibrium, bifurcation to orbit with several periods and/or to deterministic chaos in simple discrete non-linear systems. In order to demonstrate this, the author used an example of Day's descriptive theory of economic growth with environmental factors, and 'Hermann's' modification of 'Kaldorian' cyclical growth.

Keywords

EN

CHAOS; CYCLICAL GROWTH; DISCRETE NONLINEAR SYSTEMS; NONLINEAR ECONOMIC MODELS; SIMULATION; VIRTUAL LABORATORY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2008
• Volume: 56
• Issue: 3
• Pages: 239-260
• Document type: ARTICLE

Contributors

author

Andrášik Ladislav

• L. Andrasik, Ekonomicky ustav SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

08SKAAAA04718991