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Economic Evolution and Structural Adjustment

Proceedings of Invited Sessions on Economic Evolution and Structural Change Held at the 5th International Conference on Mathematical Modelling at the University of California, Berkeley, California, USA July 29–31, 1985

  • Conference proceedings
  • © 1987

Overview

Editors:
  1. David Batten

    1. Department of Economics, University of Umeå, Umeå, Sweden

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  2. John L. Casti

    1. Institute for Econometrics & Operations Research, Techn. Univ. of Vienna, Vienna, Austria

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  3. Börje Johansson

    1. Department of Economics, University of Umeå, Umeå, Sweden
      CERUM (Centre for Regional Science Research), Sweden

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Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 293)

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Table of contents (16 papers)

  1. Front Matter

    Pages N2-VI
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  2. Economic Dynamics, Evolution and Structural Adjustment

    1. Economic Dynamics, Evolution and Structural Adjustment

      • B. Johansson, D. Batten, J. Casti
      Pages 1-23

  4. Periodic Cycles and Structural Adjustment

    1. Front Matter

      Pages 185-185
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    2. The Schumpeter Clock

      • G. Haag, W. Weidlich, G. Mensch
      Pages 187-226

    3. Complex Dynamics in Continuous Models of the Business Cycle

      • T. Puu
      Pages 227-259

    4. Generalizations of Goodwin’s Growth Cycle Model

      • J. Glombowski, M. Krüger
      Pages 260-290

    5. A Multisector Model of the Trade Cycle

      • A. Medio
      Pages 291-312

    6. (M, R)-Systems as a Framework for Modeling Structural Change in a Global Industry

      • J. Casti
      Pages 313-334

  5. Location and Spatial Dynamics

    1. Front Matter

      Pages 335-335
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    2. Continuous Models of Spatial Dynamics

      • M. J. Beckmann
      Pages 337-348

    3. The Onset of Turbulence in Discrete Relative Multiple Spatial Dynamics

      • D. S. Dendrinos, M. Sonis
      Pages 349-367

    4. Adoption and Diffusion of Innovations and the Evolution of Spatial Systems

      • H. Blommestein, P. Nijkamp
      Pages 368-380
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Keywords

About this book

Since the beginning of the fifties, the ruling paradigm in the discipline of economics has been that of a competitive general equilibrium. Associated dynamic analyses have therefore been preoccupied with the stability of this equilibrium state, corresponding simply to studies of comparative statics. The need to permeate the boundaries of this paradigm in order to open up new pathways for genuine dynamic analysis is now pressing. The contributions contained in this volume spring from this very ambition. A growing circle of economists have recently been inspired by two distinct but complementary sources: (i) the pathbreaking work of Joseph Schumpeter, and (ii) recent contributions to physics, chemistry and theoretical biology. It turns out that problems which are firmly rooted in the economic discipline, such as innovation, technological change, business cycles and economic development, contain many clear parallels with phenomena from the natural sciences such as the slaving principle, adiabatic elimination and self-organization. In such dynamic worlds, adjustment processes and adaptive behaviour are modelled with the aid of the mathematical theory of nonlinear dynamical systems. The dynamics is defined for a much wider set of conditions or states than simply a set of competitive equilibria. A common objective is to study and classify ways in which the qualitative properties of each system change as the parameters describing the system vary.

Editors and Affiliations

  • Department of Economics, University of Umeå, Umeå, Sweden

    David Batten, Börje Johansson

  • Institute for Econometrics & Operations Research, Techn. Univ. of Vienna, Vienna, Austria

    John L. Casti

  • CERUM (Centre for Regional Science Research), Sweden

    Börje Johansson

Bibliographic Information

  • Book Title: Economic Evolution and Structural Adjustment

  • Book Subtitle: Proceedings of Invited Sessions on Economic Evolution and Structural Change Held at the 5th International Conference on Mathematical Modelling at the University of California, Berkeley, California, USA July 29–31, 1985

  • Editors: David Batten, John L. Casti, Börje Johansson

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-662-02522-2

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1987

  • Softcover ISBN: 978-3-540-18183-5Published: 09 September 1987

  • eBook ISBN: 978-3-662-02522-2Published: 29 June 2013

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: VI, 387

  • Number of Illustrations: 21 b/w illustrations

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods

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