A NONLINEAR GROWTH MODEL OF PRODUCTIVITY IN AGRICULTURE EU
Keywords:
labour productivity in agriculture, EU, stability, chaosAbstract
The basic aims of this paper are: firstly, to set up a nonlinear labour productivity growth model; and secondly, and secondly, to analyze the local stability of of labour productivity in agriculture according to the presented logistic growth model in the European Union countries in the period 1993-2005 (www.economgaic.com).
A key hypothesis of this work is based on the idea that the coefficient π =1 + α (α means autonomous growth rate of labour productivity in agriculture) plays a crucial role in explaining labour productivity stability in agriculture.
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References
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13. www.economgaic.com
2. Day, R.H. (1983) The Emergence of Chaos from Classica Economic Growth, Quarterly Journal of Economics 98: 200-213
3. Goodwin, R.M.(1990) Chaotic Economic Dynamics, Clarendon Press , Oxford
4. Grandmont, J.M.(1985) On Enodgenous Competitive Business Cycles, Econometrica 53: 994-1045
5. Jablanovic , Vesna , (2001) Chaotic Growth Model of Gross Domestic Product per Capita, The Volume of Abstracts, EURO 2001 Conference, Rotterdam, The Netherlands.
6. Li, T., Yorke, J. (1975) Period Three Implies Chaos, American Mathematical Monthly 8: 985-992
7. Lorenz, E.N. (1963) Deterministic nonperiodic flow , Journal of Atmospheric Sciences 20: 130-141
8. Lorenz, H.W. (1993) Nonlinear Dynamical Economics and Chaotic Motion, 2nd edition, Springer-Verlag, Heidelberg
9. May, R.M. (1976) Mathematical Models with Very Complicated Dynamics, Nature 261: 459-467
10. Peitgen, Heinz-Otto, Jürgens Hartmut, and Saupe Dietmar, (1992) Chaos and Fractals-New Frontiers of Science, Springer-Verlag, New York.
11. Rössler, O.E. (1976) An equation for continuous chaos, Phys.Lett. 57A:. 397- 398
12. Tu, P.N.V. (1994) Dynamical Systems, Springer – Verlag
13. www.economgaic.com
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Published
2006-04-30
How to Cite
Jablanovic, V. D. (2006). A NONLINEAR GROWTH MODEL OF PRODUCTIVITY IN AGRICULTURE EU. Economics of Agriculture, 53(2), 301–308. Retrieved from https://ea.bg.ac.rs/index.php/EA/article/view/1503
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Original scientific papers
