A chaotic agricultural growth model
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Author: Jablanovic, Vesna D.
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 agricultural growth model that is capable of generating stable equilibria, cycles, or chaos depending on parameter values. A key hypothesis of this work is based on the idea that the coefficient π=β/(β-α) plays a crucial role in explaining local agricultural stability, where α - coefficient of marginal labour productivity in agriculture; β - coefficient of average labour productivity in agriculture.