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Chaotic Synchronization in Economic Networks

Author

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  • Ralph Abraham

    ()

  • Michael Nivala

    ()

Abstract

Synchronization, long an important topic in the theory of nonlinear oscillation, has recently become a research frontier in chaos theory as well. Here we introduce the sync phenomenon for forced and coupled R¨ossler attractors, and its role in the context of complex economic systems. And we extend the basic framework developed by the late Richard Goodwin in his book, Chaotic Economic Dynamics, of 1990 to massively complex dynamical systems of chaotic elements. Recent experimental results and speculative applications to economic networks are presented

Suggested Citation

  • Ralph Abraham & Michael Nivala, 2017. "Chaotic Synchronization in Economic Networks," Department of Economics University of Siena 746, Department of Economics, University of Siena.
  • Handle: RePEc:usi:wpaper:746
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    File URL: http://repec.deps.unisi.it/quaderni/746.pdf
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    Keywords

    Chaos theory; Rossler attractor lattice; complex dynamical systems; economic geography; chaos synchronization;

    JEL classification:

    • C3 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling

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