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Nonlinear Economic Dynamics

  • Tönu Puu

Table of contents

  1. Front Matter
    Pages I-X
  2. Tönu Puu
    Pages 1-7
  3. Tönu Puu
    Pages 8-24
  4. Tönu Puu
    Pages 25-61
  5. Tönu Puu
    Pages 62-121
  6. Tönu Puu
    Pages 122-147
  7. Back Matter
    Pages 148-153

About this book

Introduction

The present study is a preliminary draft on nonlinear economic dynamics, with which the author has been concerned the last years. It grew out from the joint work by Professor Martin Beckmann and the present author on nonlinear statics in spatial economics, Beckmann and Puu, "Spatial Economics" (North-Holland 1985). The monograph mentioned contains sections on price waves and business cycles, but in a linear format. The rest is static theory. The author has finally come to the conviction that linear dynamic modelling has very little to yield. This is due to the poor set of alternatives -decay or explosion of motion -pertinent to linear models. Therefore, the present work centres on non-linearity. Another distinction is that only purely causal models are dealt with, as those formatted as inter-temporal equilibria hardly belong to the more restricted field of dynamics. The spatial origin is visible in the choice of models. Chapter 2 summarizes the work by the author on the structural stability of continuous spatial market equilibrium models. Chapter 3 deals with a re-fonnulation of the ingenious population growth and diffusion model invented by the young Hotelling in 1921. Chapter 4 is a detailed digression on business cycle models in a continuous spatial format with inter-regional trade.

Keywords

Bifurcations Chaos Chaostheorie Dynamische Wirtschaftstheorie Spatial Pattern Formation business cycle economic dynamics economic theory equilibrium modeling population population dynamics

Authors and affiliations

  • Tönu Puu
    • 1
  1. 1.Department of EconomicsUmeå UniversityUmeåSweden

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-97291-1
  • Copyright Information Springer-Verlag Berlin Heidelberg 1991
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-97293-5
  • Online ISBN 978-3-642-97291-1
  • Buy this book on publisher's site