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Nonlinear Considerations on Economic Systems’ Behaviour

  • Purica, Ionut

    ()

    (Institute for Economic Forecasting, Romanian Academy)

Recent 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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File URL: http://www.ipe.ro/rjef/rjef_sup_2010/rjefSup_2010p74-81.pdf
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Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

Volume (Year): (2010)
Issue (Month): 5 ()
Pages: 74-81

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Handle: RePEc:rjr:romjef:v::y:2010:i:5:p:74-81
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  1. Kaldor, Nicholas, 1972. "The Irrelevance of Equilibrium Economics," Economic Journal, Royal Economic Society, vol. 82(328), pages 1237-55, December.
  2. 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.
  3. 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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