rate of growth

A chaotic economic growth model and the agricultural share of an output

Faculty of Agriculture, Belgrade-Zemun (1)

Abstract:

The agricultural share of a total output generally declines in the process of economic growth. The major reason for this is that consumer demand for food increases only slightly with rising incomes. However, a small, open economy can overcome this constraint to the growth of agricultural production by expanding its net exports. The basic aim of this paper is to set up a chaotic growth model of the gross domestic product that is capable of generating stable equilibria, cycles, or chaos depending on parameter values.

(282.89 KB)

A chaotic growth model of agricultural population

Faculty of Agriculture, Belgrade-Zemun (1,2)

Abstract:

Using the autoregression models, the paper considers movement of agricultural population. Irregular movement of agricultural population can be analyzed within the formal framework of the chaotic growth model.

(117.08 KB)
          
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