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Some Complex Dynamics for a Multisectoral Model of the Economy

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  • Lionello F. Punzo

Abstract

[eng] The paper illustrates a novel, experimental approach to the dynamics of an observed eco­nomy described as a sequence of regime changes, and to compare it with traditional mul-tisectoral dynamics. It focuses on its global dynamic behavior and introduces a corresponding practical notion of structural change. The approach is best suited to quali­tative comparisons of system dynamics, across spatially and/or temporally distributed systems (whole economies, regions, sectors). It deploys a computational heuristics, in which system dynamics is computer-simulated for theoretical purposes on the basis of empirically observed data. Some preliminary results of an exercise with Italian data for employment, accumulation and a productivity in the last two decades, are reported. [fre] L'article illustre une nouvelle approche expérimentale de la dynamique d'une économie concrète décrite comme une séquence de changements de régimes, à comparer avec la dynamique multisectorielle standard. Il met l'accent sur le com­portement dynamique global et introduit la notion correspondante de changement structurel. L'approche est bien adaptée pour des comparaisons qualitatives de la dynamique de systèmes considérés suivant la dimension spatiale et/ou tempo­relle (économie globale, régions, secteurs). Il déploie une heuristique « computationnelle », dans laquelle la dynamique du système est simulée par ordinateur pour des bute théoriques et sur la base de données empiriques obser­vées. Des résultats préliminaires de l'exercice sur données italiennes en matière d'emploi, d'accumulation et de production dans les deux dernières décennies, sont proposés.

Suggested Citation

  • Lionello F. Punzo, 1995. "Some Complex Dynamics for a Multisectoral Model of the Economy," Revue Économique, Programme National Persée, vol. 46(6), pages 1541-1559.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1995_num_46_6_409751
    DOI: 10.3406/reco.1995.409751
    Note: DOI:10.3406/reco.1995.409751
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    References listed on IDEAS

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    1. R. M. Goodwin, 1983. "Essays in Linear Economic Structures," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-05507-4, October.
    2. R. M. Goodwin, 1983. "Static and Dynamic Linear General Equilibrium Models," Palgrave Macmillan Books, in: Essays in Linear Economic Structures, chapter 5, pages 75-120, Palgrave Macmillan.
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    Cited by:

    1. Punzo, Lionello F., 2006. "Towards a disequilibrium theory of structural dynamics: Goodwin's contribution," Structural Change and Economic Dynamics, Elsevier, vol. 17(4), pages 382-399, December.
    2. Juan Gabriel Brida, 2000. "Symbolic Time Series Analysis in Economics," Documentos de Trabajo (working papers) 1000, Department of Economics - dECON.
    3. Elvio Accinelli & Juan Gabriel Brida, 2007. "Modelos económicos con múltiples regímenes," Revista de Administración, Finanzas y Economía (Journal of Management, Finance and Economics), Tecnológico de Monterrey, Campus Ciudad de México, vol. 1(2), pages 96-115.
    4. Brida, Juan G. & Anyul, Martin Puchet & Punzo, Lionello F., 2003. "Coding economic dynamics to represent regime dynamics. A teach-yourself exercise," Structural Change and Economic Dynamics, Elsevier, vol. 14(2), pages 133-157, June.
    5. Lionello F. Punzo, 2001. "The Look of Stagniation: Romania's Erratic Transition," CIRJE F-Series CIRJE-F-142, CIRJE, Faculty of Economics, University of Tokyo.
    6. Antonio D'Agata, 2010. "Endogenous Adaptive Dynamics In Pasinetti Model Of Structural Change," Metroeconomica, Wiley Blackwell, vol. 61(2), pages 333-363, May.

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