Complex Systems Approach to Economic Dynamics
Abraham C.-L. Chian
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Description for Complex Systems Approach to Economic Dynamics
Paperback. 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 book introduces various concepts of unstable periodic orbits and chaotic saddles. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 111 pages, biography. BIC Classification: GPFC; KCA. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 6. Weight in Grams: 189.
Economic Systems exhibit complex dynamics evidenced by large-amplitude and aperiodic fluctuations in economic variables, such as foreign exchange rates and stock market 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 recognition and forecasting of economic cycles. 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. ... Read more
Economic Systems exhibit complex dynamics evidenced by large-amplitude and aperiodic fluctuations in economic variables, such as foreign exchange rates and stock market 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 recognition and forecasting of economic cycles. 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. ... Read more
Product Details
Format
Paperback
Publication date
2007
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
111
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
101
Place of Publication
Berlin, Germany
ISBN
9783540397526
SKU
V9783540397526
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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