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Determinate nonperiodic variation of the gross regional product

Author

Listed:
  • Lev Korshunov
  • Gennadiy Bystray

Abstract

The classical problem of product supply and demand, which was first defined by Ð . Marshall, is reduced to Lorentz model in a nonlinear statement and it describes sustainable circular processes of commodity market, including price range increment in the context of crisis forthcoming (inflation); destabilization due to nonmanufacturing costs; the main stages of crisis development, including a stage of chaotic behavior of residence time at each attractor (equilibrium point); possibility of surmounting the crisis by means of modification of certain parameters. The given approach is used for the purpose of construction of a qualitative model of commodity price readjustment during precrisis and crisis periods, and finding reliable prognostication time.

Suggested Citation

  • Lev Korshunov & Gennadiy Bystray, 2010. "Determinate nonperiodic variation of the gross regional product," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 196-201.
    • Handle: RePEc:ura:ecregj:v:1:y:2010:i:1:p:196-201
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