Complex Systems Approach to Economic Dynamics

• Main Author: Chian, A. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2007.
• Series: Lecture Notes in Economics and Mathematical Systems, 592
• Subjects: Game theory.; System theory.; Statistical physics.; Dynamical systems.; Economic theory.; Macroeconomics.; Economics.; Economic Theory/Quantitative Economics/Mathematical Methods.; Systems Theory, Control.; Game Theory, Economics, Social and Behav. Sciences.; Statistical Physics, Dynamical Systems and Complexity.; Macroeconomics/Monetary Economics//Financial Economics.

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...

Table of 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.