✦ LIBER ✦

Endogenous chaotic dynamics in transitional economies

✍ Scribed by J.Barkley Rosser Jr; Marina Vcherashnaya Rosser

Publisher: Elsevier Science
Year: 1996
Tongue: English
Weight: 871 KB
Volume: 7
Category: Article
ISSN: 0960-0779
DOI: 10.1016/s0960-0779(96)00079-3

No coin nor oath required. For personal study only.

✦ Synopsis

This paper examines a model of labor market dynamics in an economy undergoing transition from command socialism to market capitalism. State sector layoffs are modeled as a function of forecasts made by state planners of private sector wages where the laidoff workers are to be re-employed. The state switches between using a high information cost perfect forecast and a free naive forecast in a system that resembles a cobweb supply-demand model. Under certain specifications and parameter values chaotic dynamics are shown to endogenously emerge along with several other varieties of complex dynamics including strange attractors, coexistence of infinitely many stable cycles, cascades of infinitely many period doubling bifurcations and fractal basin boundaries between coexisting non-chaotic attractors.

📜 SIMILAR VOLUMES

Chaotic dynamics in a cash-in-advance ec

Chaotic dynamics in a cash-in-advance economy

✍ Ronald Michener; B. Ravikumar 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 230 KB

This paper introduces sufficient conditions for the existence of deterministic cycles and chaos in cash-in-advance models, building on the earlier work of . Chaotic equilibria are shown to be particularly likely in the cash-in-advance model, because of a unique characteristic of such models: a disco

Competition policy in the transitional e

Competition policy in the transitional economies

✍ Saul Estrin; Martin Cave 📂 Article 📅 1994 🏛 Springer ⚖ 1012 KB

Transitional dynamics of the search mode

Transitional dynamics of the search model with endogenous growth

✍ Fabien Postel-Vinay 📂 Article 📅 1998 🏛 Elsevier Science 🌐 English ⚖ 261 KB

This paper studies the steady state and dynamics of the standard matching model, allowing for endogenous capital accumulation and endogenous growth. The existence and uniqueness of a balanced growth path is shown, along which the relationship between unemployment and growth may not be considered cle

Implementation of spatial data infrastru

Implementation of spatial data infrastructures in transitional economies

✍ Yola Georgiadou; Lars Bernard; Sundeep Sahay 📂 Article 📅 2007 🏛 Taylor and Francis Group 🌐 English ⚖ 82 KB

This is the second special issue on the topic of "implementation of Spatial Data Infrastructures (SDI) in transitional economies." In the introduction to the first special issue (Georgiadou, Bernard, & Sahay, 2006), we argued that the majority of SDI initiatives in developing countries are character

Informal payments in transitional econom

Informal payments in transitional economies: implications for health sector reform

✍ Dr Robin Thompson; Sophie Witter 📂 Article 📅 2000 🏛 John Wiley and Sons 🌐 English ⚖ 139 KB 👁 3 views

Market Liberalisation and Environmental

Market Liberalisation and Environmental Assessment in Developing and Transitional Economies

✍ Colin Kirkpatrick; Norman Lee 📂 Article 📅 1997 🏛 Elsevier Science 🌐 English ⚖ 263 KB

The paper examines the relationship between market-liberalising economic policies and environmental assessment procedures, in developing and transitional economies. The current scope of market liberalisation measures is reviewed, and the possible environmental impacts of market liberalisation polici