Determinate nonperiodic variation of the gross regional product

Lev Korshunov () and Gennadiy Bystray ()

Economy of region, 2010, vol. 1, issue 1, 202 - 206

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
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