Discrete dynamics in transitional economies
This paper traces the transition from planned command socialism to market capitalism and the accompanying complex non-linear dynamics involved. Long wave chaotic hysteretic investment cycles emerge under socialism leading to crisis and breakdown. Macroeconomic collapse occurs with bifurcations of co...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Wiley
1998-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1155/S1026022697000277 |
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| _version_ | 1832558810308280320 |
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| author | J. Barkley Rosser, Jr. Marina Vcherashnaya Rosser |
| author_facet | J. Barkley Rosser, Jr. Marina Vcherashnaya Rosser |
| author_sort | J. Barkley Rosser, Jr. |
| collection | DOAJ |
| description | This paper traces the transition from planned command socialism to market capitalism and the accompanying complex non-linear dynamics involved. Long wave chaotic hysteretic investment cycles emerge under socialism leading to crisis and breakdown. Macroeconomic collapse occurs with bifurcations of coordination structures during transition. During recovery, transitional cobweb labor market dynamics exhibit chaos, fractal basin boundaries between coexisting non-chaotic attractors, discontinuous phase transitions, strange attractors, and cascades of infinitely many period-doubling bifurcations. |
| format | Article |
| id | doaj-art-82c75e516b644ae5a8ea3464f00b8ebb |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 1998-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-82c75e516b644ae5a8ea3464f00b8ebb2025-02-03T01:31:28ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X1998-01-011426928110.1155/S1026022697000277Discrete dynamics in transitional economiesJ. Barkley Rosser, Jr.0Marina Vcherashnaya Rosser1Program in Economics, College of Business, James Madison University, Harrisonburg 22807, VA, USAProgram in Economics, College of Business, James Madison University, Harrisonburg 22807, VA, USAThis paper traces the transition from planned command socialism to market capitalism and the accompanying complex non-linear dynamics involved. Long wave chaotic hysteretic investment cycles emerge under socialism leading to crisis and breakdown. Macroeconomic collapse occurs with bifurcations of coordination structures during transition. During recovery, transitional cobweb labor market dynamics exhibit chaos, fractal basin boundaries between coexisting non-chaotic attractors, discontinuous phase transitions, strange attractors, and cascades of infinitely many period-doubling bifurcations.http://dx.doi.org/10.1155/S1026022697000277SocialismTransitionChaosIPSCobweb. |
| spellingShingle | J. Barkley Rosser, Jr. Marina Vcherashnaya Rosser Discrete dynamics in transitional economies Discrete Dynamics in Nature and Society Socialism Transition Chaos IPS Cobweb. |
| title | Discrete dynamics in transitional economies |
| title_full | Discrete dynamics in transitional economies |
| title_fullStr | Discrete dynamics in transitional economies |
| title_full_unstemmed | Discrete dynamics in transitional economies |
| title_short | Discrete dynamics in transitional economies |
| title_sort | discrete dynamics in transitional economies |
| topic | Socialism Transition Chaos IPS Cobweb. |
| url | http://dx.doi.org/10.1155/S1026022697000277 |
| work_keys_str_mv | AT jbarkleyrosserjr discretedynamicsintransitionaleconomies AT marinavcherashnayarosser discretedynamicsintransitionaleconomies |