Nonlinear Considerations on Economic Systems’ Behaviour
AbstractRecent work done within the CNCSIS IDEI ID_1046 financed project has resulted in some ideas related to complex system behaviour and to certain ways in which this behaviour may be described using nonlinear models especially in relation to the evolution of the PIB and its components. We are presenting here some of these results and the way an oscillatory response in industrial production may be used to determine the associated differential equation of evolution.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): (2010)
Issue (Month): 5 ()
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nonlinear models; decision; financial crisis;
Find related papers by JEL classification:
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- C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
- D7 - Microeconomics - - Analysis of Collective Decision-Making
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- Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-55, December.
- Purica, Ionut & Caraiani, Petre, 2009. "Second Order Dynamics Of Economic Cycles," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 36-47, March.
- Morrison, Steven A & Winston, Clifford, 1987. "Empirical Implications and Tests of the Contestability Hypothesis," Journal of Law and Economics, University of Chicago Press, vol. 30(1), pages 53-66, April.
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