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Unconventional means of preventing chaos in the economy

Author

Listed:
  • Gheorghe DONCEAN

    (Associate professor engineer at Gh. Asachi Technical University, Iasi, Romania)

  • Marilena DONCEAN

    (Researcher at Romanian Academy, Iasi branch, Gh. Zane Institute for Economic and Social Research, România)

Abstract

This research explores five barriers, acting as obstacles to chaos in terms of policy (A), economic (B), social (C), demographic effects (D) and natural effects (E) factors for six countries: Russia, Japan, USA, Romania, Brazil and Australia and proposes a mathematical modelling using an original program with Matlab mathematical functions for such systems. The initial state of the systems is then presented, the element that generates the mathematical equation specific to chaos, the block connection diagram and the simulation elements. The research methodology focused on the use of research methods such as mathematical modelling, estimation, scientific abstraction. Starting from the qualitative assessment of the state of a system through its components and for different economic partners, the state of chaos is explained by means of a structure with variable components whose values are equivalent to the economic indices researched.

Suggested Citation

  • Gheorghe DONCEAN & Marilena DONCEAN, 2021. "Unconventional means of preventing chaos in the economy," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 13(2), pages 197-212, July.
    • Handle: RePEc:jes:wpaper:y:2021:v:13:i:2:p:197-212
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    File URL: https://ceswp.uaic.ro/articles/CESWP2021_XIII2_DON.pdf
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