Discrete dynamics in transitional economies
type: Item
instance of: scholarly article
title: Discrete dynamics in transitional economies
zbMATH Open document ID: 0952.91056
DOI: 10.1155/S1026022697000277
author: J. jun. Barkley Rosser
author: Marina Vcherashnaya Rosser
published in: Discrete Dynamics in Nature and Society
publication date: 1999-11-14T00:00:00Z
full work available at URL: https://eudml.org/doc/120716
review text: Summary: This paper traces the transition from planned command socialism to market capitalism and the accompanying complex nonlinear dynamics involved. Long wave chaotic hysteretic investment cycles emerge under socialism leading to crisis and breakdown. Macroeconomic collapse occurs with bifurcations and coordination structures during transition. During recovery, transitional cobweb labor market dynamics exhibit chaos, fractal basin boundaries between coexisting nonchaotic attractors, discontinuous phase transitions, strange attractors, and cascades of infinitely many period-doubling bifurcations.
Mathematics Subject Classification ID: 91B54
Mathematics Subject Classification ID: 37N40
Mathematics Subject Classification ID: 91B64
zbMATH DE Number: 1337767
zbMATH Keywords: socialism
zbMATH Keywords: transition
zbMATH Keywords: chaos
zbMATH Keywords: IPS
zbMATH Keywords: cobweb
MaRDI profile type: Publication
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OpenAlex ID: W2100218736
description: scientific article; zbMATH DE number 1337767