Taxes and stability of income growth in tractor production | Porezi i stabilnost rasta dohotka u proizvodnji traktora
2009
Jablanović, V., Poljoprivredni fakultet, Beograd - Zemun (Serbia)
Chaos theory attempts to reveal structure in aperiodic, unpredictable dynamic systems. Deterministic chaos refers to irregular or chaotic motion that is generated by nonlinear systems. Chaos embodies three important principles: (i) extreme sensitivity to initial conditions; (ii) cause and effect are not proportional; and (iii) nonlinearity. The basic aim of this paper is to provide a relatively simple chaotic income growth model that is capable of generating stable equilibria, cycles, or chaos.
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