In: Ekonomický časopis/Journal of Economics, vol. 56, no. 3
Ladislav Andrášik
Details:
Year, pages: 2008, 239 - 260
Keywords:
basins of attraction, cobweb simulation, cyclical growth, chaos, ecological approach, dynamics, logistic maps, manifolds, Verhulst function, virtual laboratory
JEL Classification: B40 – 41, CO2, C15, C29, C39, C60 – 65, C70, C88, C91, D40 – 43, D84, E12,
Article type: Vedecký / Article
About article:
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. Economic laboratories created in Excel and STELLA for analysing dynamical behaviour of nonlinear economic models is 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, we used an example of Day’s descriptive theory of economic growth with environmental factors, and Hermann’s modification of Kaldorian cyclical growth.
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. Economic laboratories created in Excel and STELLA for analysing dynamical behaviour of nonlinear economic models is 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, we used an example of Day’s descriptive theory of economic growth with environmental factors, and Hermann’s modification of Kaldorian cyclical growth.
How to cite:
ISO 690:
Andrášik, L. 2008. Digitálne príbehy v nelineárnych dynamických ekonomikách v diskrétnom čase. In Ekonomický časopis/Journal of Economics, vol. 56, no.3, pp. 239-260. 0013-3035.
APA:
Andrášik, L. (2008). Digitálne príbehy v nelineárnych dynamických ekonomikách v diskrétnom čase. Ekonomický časopis/Journal of Economics, 56(3), 239-260. 0013-3035.