Abstract
The development of new mathematical techniques in the theory of nonlinear dynamic systems has greatly enlarged the analytical basis for modern business cycle theory in economics. The elaborate theory of one-dimensional systems offers a large spectrum of methods and results indicating a great degree of different dynamic phenomenae which were not known before. Its impact on dynamic economics can already be found in a large number of recent publications. One of the most surprising class of results is given by the long list of contributions examining chaotic behavior in one-dimensional competitive systems (see for example the contributions in [10]).
I am indebted to Markus Lohmann for his priceless assistance in computational matters at all stages of this research. Generous financial support by the University of Melbourne is gratefully acknowledged.
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Böhm, V. (1993). Recurrence in Keynesian Macroeconomic Models. In: Gori, F., Geronazzo, L., Galeotti, M. (eds) Nonlinear Dynamics in Economics and Social Sciences. Lecture Notes in Economics and Mathematical Systems, vol 399. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58031-4_4
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DOI: https://doi.org/10.1007/978-3-642-58031-4_4
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