Complex Systems Approach to Economic Dynamics

Complex Systems Approach to Economic Dynamics
Author :
Publisher : Springer Science & Business Media
Total Pages : 109
Release :
ISBN-10 : 9783540397533
ISBN-13 : 3540397531
Rating : 4/5 (531 Downloads)

Book Synopsis Complex Systems Approach to Economic Dynamics by : Abraham C.-L. Chian

Download or read book Complex Systems Approach to Economic Dynamics written by Abraham C.-L. Chian and published by Springer Science & Business Media. This book was released on 2007-08-17 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.


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