Chaotic Dynamics in Economics
Auteur : Giuseppe Orlando
Date de publication : 2016
Éditeur : SSRN
Nombre de pages : 29
Résumé du livre
This paper, written with the intention of formulating a macroeconomic model of trade cycles - following Kaldor's approach - explains the fluctuations of economic systems by using some numerical instruments. The reason for choosing a chaotic model will become clear as will the implications which follow during the treatment. Finally, having seen that the model proposed is also useful in explaining what appears to be random and unpredictable such as economic shocks, there will be a numerical analysis to demonstrate its chaoticity.