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Okunov zakon i haotični model ekonomskog rasta - EU

dc.creatorJablanović, Vesna
dc.date.accessioned2020-12-17T21:27:14Z
dc.date.available2020-12-17T21:27:14Z
dc.date.issued2015
dc.identifier.issn0350-2120
dc.identifier.urihttp://aspace.agrif.bg.ac.rs/handle/123456789/3913
dc.description.abstractChaos 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 chaotic economic growth model that is capable of generating stable equilibria, cycles, or chaos depending on parameter values. Okun's Law is included in this paper. A key hypothesis of this work is based on the idea that the coefficient π = (1+μ) plays a crucial role in explaining local growth stability of the real gross domestic product, where, μ - the coefficient which explains relation between unemployment rate growth rate and the fraction of the labor force that is not used up by the unemployment at time t. The estimated chaotic economic growth model confirms stable but monotonically increasing values of the real gross domestic product in EU in the period 1990-2014.en
dc.description.abstractOsnovni cilj ovog rada jeste prikazivanje relativno jednostavnog modela ekonomskog rasta, koji može generisati stabilnu ravnotežu, cikluse ili haos, u zavisnosti od vrednosti parametara. Ocenjen haotičan model ekonomskog rasta pokazuje stabilne i monotono rastuće vrednosti realnog bruto domaćeg proizvoda u EU u periodu 1990-2014. godine.sr
dc.publisherUniverzitet u Novom Sadu - Ekonomski fakultet, Subotica
dc.rightsopenAccess
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.sourceAnali Ekonomskog fakulteta u Subotici
dc.subjecteconomic growthen
dc.subjectmodelen
dc.subjectOkun's Lawen
dc.subjectchaosen
dc.subjectekonomski rastsr
dc.subjectmodelsr
dc.subjectOkunov zakonsr
dc.subjecthaossr
dc.titleOkun's law and the chaotic economic growth model: EUen
dc.titleOkunov zakon i haotični model ekonomskog rasta - EUsr
dc.typearticle
dc.rights.licenseBY
dc.citation.epage274
dc.citation.issue34
dc.citation.other(34): 267-274
dc.citation.rankM51
dc.citation.spage267
dc.identifier.fulltexthttp://aspace.agrif.bg.ac.rs/bitstream/id/2467/3910.pdf
dc.identifier.rcubhttps://hdl.handle.net/21.15107/rcub_agrospace_3913
dc.type.versionpublishedVersion


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