Complex Systems Approach to Economic Dynamics

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 cyc...

Πλήρης περιγραφή

Λεπτομέρειες βιβλιογραφικής εγγραφής
Κύριος συγγραφέας: Chian, A. (Συγγραφέας)
Συγγραφή απο Οργανισμό/Αρχή: SpringerLink (Online service)
Μορφή: Ηλεκτρονική πηγή Ηλ. βιβλίο
Γλώσσα:English
Έκδοση: Berlin, Heidelberg : Springer Berlin Heidelberg, 2007.
Σειρά:Lecture Notes in Economics and Mathematical Systems, 592
Θέματα:
Διαθέσιμο Online:Full Text via HEAL-Link
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245 1 0 |a Complex Systems Approach to Economic Dynamics  |h [electronic resource] /  |c by A. Chian. 
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490 1 |a Lecture Notes in Economics and Mathematical Systems,  |x 0075-8442 ;  |v 592 
505 0 |a 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. 
520 |a 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. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles which are unstable structures embedded in a chaotic attractor, responsible for economic intermittency. 
650 0 |a Game theory. 
650 0 |a System theory. 
650 0 |a Statistical physics. 
650 0 |a Dynamical systems. 
650 0 |a Economic theory. 
650 0 |a Macroeconomics. 
650 1 4 |a Economics. 
650 2 4 |a Economic Theory/Quantitative Economics/Mathematical Methods. 
650 2 4 |a Systems Theory, Control. 
650 2 4 |a Game Theory, Economics, Social and Behav. Sciences. 
650 2 4 |a Statistical Physics, Dynamical Systems and Complexity. 
650 2 4 |a Macroeconomics/Monetary Economics//Financial Economics. 
710 2 |a SpringerLink (Online service) 
773 0 |t Springer eBooks 
776 0 8 |i Printed edition:  |z 9783540397526 
830 0 |a Lecture Notes in Economics and Mathematical Systems,  |x 0075-8442 ;  |v 592 
856 4 0 |u http://dx.doi.org/10.1007/978-3-540-39753-3  |z Full Text via HEAL-Link 
912 |a ZDB-2-SBE 
950 |a Business and Economics (Springer-11643)