Stijepic, Denis (2017): On the predictability of economic structural change by the PoincaréBendixson theory.

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Abstract
The threesector framework (relating to agriculture, manufacturing, and services) is one of the major concepts for studying the longrun change of the economic structure. We discuss the systemtheoretical classification of the structural change phenomenon and, in particular, the predictability of the structural change in the threesector framework by the PoincaréBendixson theory. To do so, we compare the assumptions of the PoincaréBendixson theory to (a) the typical axioms of structural change modelling, (b) the empirical evidence on the geometrical properties of structural change trajectories, and (c) some methodological arguments referring to the laws of structural change. The results of this comparison support the assumption that the structural change phenomenon is representable by a dynamic system that is predictable by the PoincaréBendixson theory. Moreover, we discuss briefly the implications of this result for structural change modelling and prediction as well as topics for further research.
Item Type:  MPRA Paper 

Original Title:  On the predictability of economic structural change by the PoincaréBendixson theory 
Language:  English 
Keywords:  PoincaréBendixson theory; application; economics; structural change; labor reallocation; sectors; dynamics in the plane; simplex; trajectory; topology 
Subjects:  C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61  Optimization Techniques ; Programming Models ; Dynamic Analysis C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C65  Miscellaneous Mathematical Tools O  Economic Development, Innovation, Technological Change, and Growth > O4  Economic Growth and Aggregate Productivity > O41  One, Two, and Multisector Growth Models 
Item ID:  80849 
Depositing User:  Denis Stijepic 
Date Deposited:  21 Aug 2017 22:18 
Last Modified:  10 Oct 2019 13:44 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/80849 