Czasopismo
Tytuł artykułu
Autorzy
Warianty tytułu
Języki publikacji
Abstrakty
An economy's stability, in the traditional sense, is permanently connected with its equilibrium state, since when we speak of a stable (in a local or global sense) economic system, we mean its ability to return to equlibrium after shocks. Such a meaning of stability is senseless in non-stationary economies, since they do not have any invariant states that are synonyms of the equilibria. By the example of Leontief-Walras model we shall show that non-stationarity of an economy does not exclude its stability, and equlibrium is not a sine qua non condition of stable growth. (original abstract)
Czasopismo
Rocznik
Tom
Numer
Strony
67--83
Opis fizyczny
Twórcy
autor
- Poznań University of Economics, Poland
Bibliografia
- Morishima M. (1964), Equilibrium, Stability and Growth, New York-London, Clarendon Press.
- Panek E. (2000), Mathematical Economics, Wydawnictwo Akademii Ekonomicznej w Poznaniu (in Polish), Poznań.
- Panek E. (2005), On Stable Growth without Equilibrium, Ekonomista, 1/2005 (in Polish).
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171220657