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Sustainability of Economic System in the Chaos

  • Anna Firsova
  • Olga Balash
  • Vladimir Nosov
Conference paper
Part of the Springer Proceedings in Complexity book series (SPCOM)

Abstract

The essence of chaos theory application to modeling of the economic systems development and sustainability is that model structures may be applied to the unstructured reality. Economic system condition can be described by means of sustainable development metric characterizing economic growth, poverty reduction and natural environment preservation. For degree evaluation of system stability it is possible to use the calculation of entropy of their chaotic character or inner elements disorder of the analyzed system, which appear in nonuniformity of the studied indicators among the units in the aggregate. The entropy Theil index is the most representative of the phenomenon under consideration, as it is equally sensitive to the changes in the index values over the whole scale of distribution. For analysis of sustainability of Economic System in the Chaos the “Orientor star” of H. Bossel was applied and it was calculated entropy indexes of “Gross Domestic Product” for the Russian emergency economy conditions.

Keywords

Economic System General Entropy Chaos Theory Inequality Index Entropy Index 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2014

Authors and Affiliations

  1. 1.Faculty of EconomySaratov State UniversitySaratovRussia

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