Chaotic Dynamics

  • Hans-Walter Lorenz
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 334)

Abstract

The presentation of nonlinear dynamical systems in the preceding two chapters uncovered a variety of mathematical concepts which allow one to establish endogenous oscillations in economic applications. In these models, cyclical behavior can prevail for large ranges of the parameters while persistent oscillations in linear dynamical systems usually occur only for a particular parameter constellation. It seems natural, therefore, to refer to nonlinear approaches when cyclical motion is to be modelled in economics. In other words, cyclical behavior is synonymous with the presence of nonlinearities in most cases.

Keywords

Convection Manifold Income Assure Eter 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1989

Authors and Affiliations

  • Hans-Walter Lorenz
    • 1
  1. 1.Volkswirtschaftliches SeminarGeorg-August-Universität GöttingenGöttingenGermany

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