Determinate nonperiodic variation of the gross regional product

Lev Korshunov () and Gennadiy Bystray ()

Economy of region, 2010, vol. 1, issue 1, 196 - 201

Abstract: The classical problem of product supply and demand, which was first defined by Ð . Marshall, is reduced to Lorentz model in a nonlinear statement and it describes sustainable circular processes of commodity market, including price range increment in the context of crisis forthcoming (inflation); destabilization due to nonmanufacturing costs; the main stages of crisis development, including a stage of chaotic behavior of residence time at each attractor (equilibrium point); possibility of surmounting the crisis by means of modification of certain parameters. The given approach is used for the purpose of construction of a qualitative model of commodity price readjustment during precrisis and crisis periods, and finding reliable prognostication time.

Keywords: regional economy; demand; supply; sustainability; chaotic states; strange attractor (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ura:ecregj:v:1:y:2010:i:1:p:196-201

Access Statistics for this article

More articles in Economy of region from Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences
Bibliographic data for series maintained by Alexey Naydenov ().