The permanence of a nonlinear higher order discrete time system from macroeconomics is studied, and a sufficient condition is proposed for the permanence of the system described by 11(,...,)nnnnkxrxfxx---=+ where :kfR...The permanence of a nonlinear higher order discrete time system from macroeconomics is studied, and a sufficient condition is proposed for the permanence of the system described by 11(,...,)nnnnkxrxfxx---=+ where :kfRR, the initial values 01,,kxx-are real numbers and [0,1)r is constant after exploring the relationship between this equation and 1(,...,)nnnkxfxx--= for certain classes of function f. As an application a short proof is given to a known result in a simpler way than ever reported.展开更多
This study proposes a novel fractional discrete-time macroeconomic system with incommensurate order.The dynamical behavior of the proposed macroeconomic model is investigated analytically and numerically.In particular...This study proposes a novel fractional discrete-time macroeconomic system with incommensurate order.The dynamical behavior of the proposed macroeconomic model is investigated analytically and numerically.In particular,the zero equilibrium point stability is investigated to demonstrate that the discrete macroeconomic system exhibits chaotic behavior.Through using bifurcation diagrams,phase attractors,the maximum Lyapunov exponent and the 0–1 test,we verified that chaos exists in the new model with incommensurate fractional orders.Additionally,a complexity analysis is carried out utilizing the approximation entropy(ApEn)and C_(0)complexity to prove that chaos exists.Finally,the main findings of this study are presented using numerical simulations.展开更多
Economic growth is always accompanied by economic fluctuation. The target of macroeconomic control is to keep a basic balance of economic growth, accelerate the optimization of economic structures and to lead a rapid,...Economic growth is always accompanied by economic fluctuation. The target of macroeconomic control is to keep a basic balance of economic growth, accelerate the optimization of economic structures and to lead a rapid, sustainable and healthy development of national economies, in order to propel society forward. In order to realize the above goal, investment control must be regarded as the most important policy for economic stability. Readjustment and control of investment includes not only control of aggregate investment, but also structural control which depends on economic-technology relationships between various industries of a national economy. On the basis of the theory of a generalized system, an optimal investment control model for government has been developed. In order to provide a scientific basis for government to formulate a macroeconomic control policy, the model investigates the balance of total supply and aggregate demand through an adjustment in investment decisions realizes a sustainable and stable growth of the national economy. The optimal investment decision function proposed by this study has a unique and specific expression, high regulating precision and computable characteristics.展开更多
To investigate the equilibrium relationships between the volatility of capital and income, taxation, and ance in a stochastic control model, the uniqueness of the solution to this model was proved by using the method ...To investigate the equilibrium relationships between the volatility of capital and income, taxation, and ance in a stochastic control model, the uniqueness of the solution to this model was proved by using the method of dynamic programming under the introduction of distributive disturbance and elastic labor supply. Furthermore, the effects of two types of shocks on labor-leisure choice, economic growth rate and welfare were numerically analyzed, and then the optimal tax policy was derived.展开更多
A continuous-time stochastic model is constructed to analyze how to control rent seeking behaviors. Using the stochastic optimization methods based on the modem risky theory, a unique positive solution to the dynamic ...A continuous-time stochastic model is constructed to analyze how to control rent seeking behaviors. Using the stochastic optimization methods based on the modem risky theory, a unique positive solution to the dynamic model is derived. The effects of preference-related parameters on the optimal control level of rent seeking are discussed, and some policy measures are given. The results show that there exists a unique solution to the stochastic dynamic model under some macroeconomic assumptions, and that raising public expenditure may have reverse effects on rent seeking in an underdeveloped or developed economic environment.展开更多
Macroeconomic Overview:The U.S.dollar has fallen 4%against a broad collection of widely circulated currencies since January.While the magnitude of the decline may not appear large,it does signal an important reversal ...Macroeconomic Overview:The U.S.dollar has fallen 4%against a broad collection of widely circulated currencies since January.While the magnitude of the decline may not appear large,it does signal an important reversal relative to recent years.Against the same broad collection of currencies,the U.S.dollar had consistently strengthened since 2013。展开更多
基金the Technology Research Foundation of the State Ministry of Education (No. 02130)
文摘The permanence of a nonlinear higher order discrete time system from macroeconomics is studied, and a sufficient condition is proposed for the permanence of the system described by 11(,...,)nnnnkxrxfxx---=+ where :kfRR, the initial values 01,,kxx-are real numbers and [0,1)r is constant after exploring the relationship between this equation and 1(,...,)nnnkxfxx--= for certain classes of function f. As an application a short proof is given to a known result in a simpler way than ever reported.
文摘This study proposes a novel fractional discrete-time macroeconomic system with incommensurate order.The dynamical behavior of the proposed macroeconomic model is investigated analytically and numerically.In particular,the zero equilibrium point stability is investigated to demonstrate that the discrete macroeconomic system exhibits chaotic behavior.Through using bifurcation diagrams,phase attractors,the maximum Lyapunov exponent and the 0–1 test,we verified that chaos exists in the new model with incommensurate fractional orders.Additionally,a complexity analysis is carried out utilizing the approximation entropy(ApEn)and C_(0)complexity to prove that chaos exists.Finally,the main findings of this study are presented using numerical simulations.
基金Project 70271075 supported by National Natural Science Foundation of China
文摘Economic growth is always accompanied by economic fluctuation. The target of macroeconomic control is to keep a basic balance of economic growth, accelerate the optimization of economic structures and to lead a rapid, sustainable and healthy development of national economies, in order to propel society forward. In order to realize the above goal, investment control must be regarded as the most important policy for economic stability. Readjustment and control of investment includes not only control of aggregate investment, but also structural control which depends on economic-technology relationships between various industries of a national economy. On the basis of the theory of a generalized system, an optimal investment control model for government has been developed. In order to provide a scientific basis for government to formulate a macroeconomic control policy, the model investigates the balance of total supply and aggregate demand through an adjustment in investment decisions realizes a sustainable and stable growth of the national economy. The optimal investment decision function proposed by this study has a unique and specific expression, high regulating precision and computable characteristics.
文摘To investigate the equilibrium relationships between the volatility of capital and income, taxation, and ance in a stochastic control model, the uniqueness of the solution to this model was proved by using the method of dynamic programming under the introduction of distributive disturbance and elastic labor supply. Furthermore, the effects of two types of shocks on labor-leisure choice, economic growth rate and welfare were numerically analyzed, and then the optimal tax policy was derived.
基金The Social Science Foundation of China(No06BJY011)
文摘A continuous-time stochastic model is constructed to analyze how to control rent seeking behaviors. Using the stochastic optimization methods based on the modem risky theory, a unique positive solution to the dynamic model is derived. The effects of preference-related parameters on the optimal control level of rent seeking are discussed, and some policy measures are given. The results show that there exists a unique solution to the stochastic dynamic model under some macroeconomic assumptions, and that raising public expenditure may have reverse effects on rent seeking in an underdeveloped or developed economic environment.
文摘Macroeconomic Overview:The U.S.dollar has fallen 4%against a broad collection of widely circulated currencies since January.While the magnitude of the decline may not appear large,it does signal an important reversal relative to recent years.Against the same broad collection of currencies,the U.S.dollar had consistently strengthened since 2013。
