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

Journal of Agricultural Sciences (Belgrade)

关键词: agricultural share of an output;    gross domestic product;    rate of growth;    chaos;   

DOI  :  10.2298/JAS0502207J

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown