Sustainable Development in Block Random Systems
Keywords:
random matrices, eigenvalues, lyapunov stability, economics, ecology
Abstract
In paper [1], stability of a block random model was studied as a possible model for economic systems. Crisis means significant and quick change in the number of participants of a system. It was proved that a smaller system is more stable than a larger one with the same parameters. Further, the number of participants can significantly alter without any outer interactions resulting in crisis. In paper [2], stability properties of a block random model with fixed number of participants was investigated. It was studied, that how two parameters of the model, density matrix and dispersion influence behavior of the system. It was shown that proportionally smaller in absolute value density matrix results in a shorter cycle time. Also larger dispersion makes the cycle time shorter. It was suggested that a longer cycle time makes it possible the participants to adapt themselves to circumstances and thus to avoid crises. In this case repeated recessions and growths appear which can be called structural cycles. In the present paper we investigate connection between real parameters of economy and parameters of the block random model. We point out that base rate bounded by an appropriate level is useful for working the system without any crisis. As a result of these studies, it has become clear that sustainable development can be defined in terms of avoiding crisis rather than achieving growth.
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Published
2020-03-15
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