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Okun's law and the chaotic economic growth model: EU / Okunov zakon i haotični model ekonomskog rasta - EU
(Univerzitet u Novom Sadu - Ekonomski fakultet, Subotica, 2015)
Chaos embodies three important principles: (i) extreme sensitivity to initial conditions ; (ii) cause and effect are not proportional; and (iii) nonlinearity. The basic aim of this paper is to provide a relatively simple ...