Much of the recent economic history of various countries, regions and/or sectors in the world economy can usefully be reconstructed as sequences of repeated, basically endogenously induced, changes of growth regimes. Coded dynamics (CD) is proposed hereafter as the appropriate tool for the analysis of such multi-regime dynamics, i.e. dynamics where switches between growth regimes represent structural changes, or in other words, abrupt alterations in an economy’s qualitative dynamics.
Punzo, L.F., Brida, J.G., PUCHET ANYUL, M. (2003). Coding economic dynamics to represent regime dynamics. A teach-yourself exercise. STRUCTURAL CHANGE AND ECONOMIC DYNAMICS, 14(2), 133-157.
Coding economic dynamics to represent regime dynamics. A teach-yourself exercise
PUNZO, LIONELLO FRANCO;
2003-01-01
Abstract
Much of the recent economic history of various countries, regions and/or sectors in the world economy can usefully be reconstructed as sequences of repeated, basically endogenously induced, changes of growth regimes. Coded dynamics (CD) is proposed hereafter as the appropriate tool for the analysis of such multi-regime dynamics, i.e. dynamics where switches between growth regimes represent structural changes, or in other words, abrupt alterations in an economy’s qualitative dynamics.File | Dimensione | Formato | |
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https://hdl.handle.net/11365/17191
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