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JOURNALS // Problemy Upravleniya // Archive

Probl. Upr., 2012 Issue 2, Pages 32–37 (Mi pu702)

Control in the socio-economic systems

Cyclical growth in a model of closed decentralized economy

A. P. Abramov

Dorodnitsyn Computing Centre of the Russian Academy of Sciences, Moscow

Abstract: The papper considers a dynamic model of closed decentralized economy with Leontief's technologies. The conditions under which the sequence of normalized outputs has either a limit or a limiting cycle are defined; the latter contains a finite number of points. The limit as well as the limit points are defined by the used technologies and decision-making system.

Keywords: decentralized economy, cyclical growth, Leontief's technologies.

UDC: 519.865.7+330.46



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