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Complex systems approach to economic dynamics

Author: Abraham C -L Chian
Publisher: Berlin ; New York : Springer, ©2007.
Series: Lecture notes in economics and mathematical systems, 592
Edition/Format:   Print book : EnglishView all editions and formats
Database:WorldCat
Summary:
"Economic Systems exhibit complex dynamics evidenced by large-amplitude and aperiodic fluctuations in economic variables, such as foreign exchange rates and stockmarket prices, indicating that these systems are driven far from the equilibrium. Characterization of the complex behavior of economic cycles, by identifying regular and irregular patterns and regime switching in economic time series, is the key for pattern  Read more...
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Details

Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Abraham C -L Chian
ISBN: 9783540397526 3540397523
OCLC Number: 148753025
Description: x, 101 pages : illustrations ; 24 cm.
Contents: Nonlinear Dynamics of Economic Cycles --
Type-I Intermittency in Nonlinear Economic Cycles --
Crisis-Induced Intermittency in Nonlinear Economic Cycles --
Attractor Merging Crisis in Nonlinear Economic Cycles --
Chaotic Transients in Nonlinear Economic Cycles --
Conclusion.
Series Title: Lecture notes in economics and mathematical systems, 592
Responsibility: Abraham C.-L., Chian.
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Abstract:

Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate  Read more...

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