Cross-diffusion modeling in macroeconomics

DOI10.1007/S12591-014-0224-8MaRDI QIDQ2342989zbMATH OpenOpenAlexFDO

Authors László Balázsi, Krisztina Kiss

Publication date 30 April 2015

Published in Differential Equations and Dynamical Systems (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1302.3958

zbMATH Keywords

cross-diffusionfunctional responseTuring instabilityratio-dependencecapital-labour system

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

Abstract: This paper deals with the stability properties of a closed market, where capital and labour force are acting like a predator-prey system in population-dynamics. The spatial movement of the capital and labour force are taken into account by cross-diffusion effect. First, we are showing two possible ways for modeling this system in only one country's market (applying a simple functional response and a Holling-type ratio-dependent response as well), examining the conditions of their stability properties. We extend the ratio-dependent model into two countries common market where two kind of cross-diffusion effects are present, and find those additional conditions, whose are necessary for the stability of the global common market besides the stability of each countries local markets. Our four-dimensional model highlights that a hectic movement of the capital toward labour force can cause a Turing instability.

Recommendations

• scientific article; zbMATH DE number 970094
• Turing instability in a Lotka-Volterra predator-prey model with cross-diffusion and harvesting rate
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Cites work

• scientific article; zbMATH DE number 3801985 (Why is no real title available?)
• Bifurcations in a predator--prey model in patchy environment with diffusion
• Competition in patchy environment with cross diffusion
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• Effects of spatial grouping on the functional response of predators
• On the distribution of capital and labour in a closed economy
• On the dynamics of an \(n\)-dimensional ratio-dependent predator-prey system with diffusion
• Qualitative behavior of \(n\)-dimensional ratio-dependent predator-prey systems
• Qualitative stability of linear systems
• Stability Properties of Solutions to Systems of Reaction-Diffusion Equations
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Cited in

(2)

• On the distribution of capital and labour in a closed economy
• An economic cross-diffusion mutualistic model for cities emergence

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