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Nonlinear Dynamics in Economics
Barbel Finkenstadt
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Description for Nonlinear Dynamics in Economics
Paperback. This study deals with nonlinear dynamical economics and chaotic motion where a specific approach is taken to the evolution of prices in agricultural markets. A selection of methods such as correlation integral diagnostics are examined. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 165 pages, biography. BIC Classification: KCH; KNAC; PBW. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 9. Weight in Grams: 270.
1. 1 Introduction In economics, one often observes time series that exhibit different patterns of qualitative behavior, both regular and irregular, symmetric and asymmetric. There exist two different perspectives to explain this kind of behavior within the framework of a dynamical model. The traditional belief is that the time evolution of the series can be explained by a linear dynamic model that is exogenously disturbed by a stochastic process. In that case, the observed irregular behavior is explained by the influence of external random shocks which do not necessarily have an economic reason. A more recent theory has evolved in ... Read more
1. 1 Introduction In economics, one often observes time series that exhibit different patterns of qualitative behavior, both regular and irregular, symmetric and asymmetric. There exist two different perspectives to explain this kind of behavior within the framework of a dynamical model. The traditional belief is that the time evolution of the series can be explained by a linear dynamic model that is exogenously disturbed by a stochastic process. In that case, the observed irregular behavior is explained by the influence of external random shocks which do not necessarily have an economic reason. A more recent theory has evolved in ... Read more
Product Details
Format
Paperback
Publication date
1995
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
165
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
156
Place of Publication
Berlin, Germany
ISBN
9783540593744
SKU
V9783540593744
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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