Nonlinearities In Economics
Download Nonlinearities In Economics full books in PDF, epub, and Kindle. Read online free Nonlinearities In Economics ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Nonlinearities in Economics
Author | : Giuseppe Orlando,Alexander N. Pisarchik,Ruedi Stoop |
Publsiher | : Springer Nature |
Total Pages | : 361 |
Release | : 2021-08-31 |
Genre | : Business & Economics |
ISBN | : 9783030709822 |
Download Nonlinearities in Economics Book in PDF, Epub and Kindle
This interdisciplinary book argues that the economy has an underlying non-linear structure and that business cycles are endogenous, which allows a greater explanatory power with respect to the traditional assumption that dynamics are stochastic and shocks are exogenous. The first part of this work is formal-methodological and provides the mathematical background needed for the remainder, while the second part presents the view that signal processing involves construction and deconstruction of information and that the efficacy of this process can be measured. The third part focuses on economics and provides the related background and literature on economic dynamics and the fourth part is devoted to new perspectives in understanding nonlinearities in economic dynamics: growth and cycles. By pursuing this approach, the book seeks to (1) determine whether, and if so where, common features exist, (2) discover some hidden features of economic dynamics, and (3) highlight specific indicators of structural changes in time series. Accordingly, it is a must read for everyone interested in a better understanding of economic dynamics, business cycles, econometrics and complex systems, as well as non-linear dynamics and chaos theory.
Nonlinearities in Economics
![Nonlinearities in Economics](https://youbookinc.com/wp-content/uploads/2024/06/cover.jpg)
Author | : Giuseppe Orlando,Alexander N. Pisarchik,Ruedi Stoop |
Publsiher | : Unknown |
Total Pages | : 0 |
Release | : 2021 |
Genre | : Electronic Book |
ISBN | : 3030709833 |
Download Nonlinearities in Economics Book in PDF, Epub and Kindle
This interdisciplinary book argues that the economy has an underlying non-linear structure and that business cycles are endogenous, which allows a greater explanatory power with respect to the traditional assumption that dynamics are stochastic and shocks are exogenous. The first part of this work is formal-methodological and provides the mathematical background needed for the remainder, while the second part presents the view that signal processing involves construction and deconstruction of information and that the efficacy of this process can be measured. The third part focuses on economics and provides the related background and literature on economic dynamics and the fourth part is devoted to new perspectives in understanding nonlinearities in economic dynamics: growth and cycles. By pursuing this approach, the book seeks to (1) determine whether, and if so where, common features exist, (2) discover some hidden features of economic dynamics, and (3) highlight specific indicators of structural changes in time series. Accordingly, it is a must read for everyone interested in a better understanding of economic dynamics, business cycles, econometrics and complex systems, as well as non-linear dynamics and chaos theory. " This highly-valuable book is a great entry-point for understanding the economy as a self-organizing non-linear dynamical system. This book not only introduces the reader to advanced techniques but also applies them to modern economic growth and business cycle models." Markus Brunnermeier, Edwards S. Sanford Professor of Economics, Director of the Bendheim Center for Finance, Princeton University, USA.
Nonlinear Dynamics in Economics
Author | : Bärbel Finkenstädt |
Publsiher | : Springer Science & Business Media |
Total Pages | : 167 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9783642468216 |
Download Nonlinear Dynamics in Economics Book in PDF, Epub and Kindle
1. 1 Introduction In economics, one often observes time series that exhibit different patterns of qualitative behavior, both regular and irregular, symmetric and asymmetric. There exist two different perspectives to explain this kind of behavior within the framework of a dynamical model. The traditional belief is that the time evolution of the series can be explained by a linear dynamic model that is exogenously disturbed by a stochastic process. In that case, the observed irregular behavior is explained by the influence of external random shocks which do not necessarily have an economic reason. A more recent theory has evolved in economics that attributes the patterns of change in economic time series to an underlying nonlinear structure, which means that fluctua tions can as well be caused endogenously by the influence of market forces, preference relations, or technological progress. One of the main reasons why nonlinear dynamic models are so interesting to economists is that they are able to produce a great variety of possible dynamic outcomes - from regular predictable behavior to the most complex irregular behavior - rich enough to meet the economists' objectives of modeling. The traditional linear models can only capture a limited number of possi ble dynamic phenomena, which are basically convergence to an equilibrium point, steady oscillations, and unbounded divergence. In any case, for a lin ear system one can write down exactly the solutions to a set of differential or difference equations and classify them.
Nonlinear Economic Dynamics
Author | : Tönu Puu |
Publsiher | : Springer Science & Business Media |
Total Pages | : 292 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 9783642607752 |
Download Nonlinear Economic Dynamics Book in PDF, Epub and Kindle
This book was first pUblished in 1989 as volume 336 in the Springer series "Lecture Notes in Economics and Mathematical Systems", and it reappeared in a 2nd edition as a Springer monograph in 1991. After considerable revisions it appeared in a 3rd edition in 1993. The origin, still visible in the 3rd edition, was the joint work of the author with Professor Martin J. Beckmann, documented in two co-authored mono graphs "Spatial Economics" (North-Holland 1985), and "Spatial Structures" (Springer-Verlag 1990). Essential dynamics had, however, been almost com pletely lacking in these works, and the urge to focus the dynamic issues was great. To fill this particular gap was the aim of the previous editions, and so the spatial aspect provided core and focus. In the present edition a substantial quantity of spatial issues have been removed: All those that were dynamic only in the sense that structures were characterized which were structurally stable, or robust in a changing world. The removed material has meanwhile been published as a separate mono graph under the title "Mathematical Location and Land Use Theory" (Springer-Verlag 1996).
Nonlinear Models for Economic Decision Processes
Author | : Ionut Purica |
Publsiher | : World Scientific |
Total Pages | : 177 |
Release | : 2010 |
Genre | : Business & Economics |
ISBN | : 9781848164284 |
Download Nonlinear Models for Economic Decision Processes Book in PDF, Epub and Kindle
Using models, developed in one branch of science, to describe similar behaviors encountered in a different one, is the essence of a synergetic approach. A wide range of topics has been developed including Agent-based models, econophysics, socio-economic networks, information, bounded rationality and learning in economics, markets as complex adaptive systems evolutionary economics, multiscale analysis and modeling, nonlinear dynamics and econometrics, physics of risk, statistical and probabilistic methods in economics and finance. Complexity. This publication concentrates on process behavior of economic systems and building models that stem from Haken's, Prigogine's, Taylor's work as well as from nuclear physics models.
Nonlinear Dynamics and Evolutionary Economics
Author | : Richard Hollis Day,Ping Chen |
Publsiher | : Oxford University Press, USA |
Total Pages | : 360 |
Release | : 1993 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105003417305 |
Download Nonlinear Dynamics and Evolutionary Economics Book in PDF, Epub and Kindle
Advances in physics, computers, and mathematics have made it possible to illustrate an astonishing array of potential behavior that can occur when nonlinear interactions are present. As Prigogine explains from a physicist's perspective, the fundamental role of instability and bounded rationality provide more precise understanding for evolution and changes. This volume considers these developments from various fields in the context of economic science. The work starts with a general non-mathematical discussion, introducing the major themes--nonlinearity, dynamical systems, and evolution in economic processes. The work continues with nonlinear analysis of macroeconomic growth and fluctuations. It describes analyses of economic adaptation, learning, and self-organization. The volume also scrutinizes a specific market--equities using nonlinear analysis, controlled experiments, and statistical inference when nonlinearity plays an essential role in data generation. The volume closes with an historical reflection by Richard Goodwin and a roundtable discussion on basic issues and new challenges in nonlinear economic dynamics.
Nonlinear Dynamical Economics and Chaotic Motion
Author | : Hans-Walter Lorenz |
Publsiher | : Springer Science & Business Media |
Total Pages | : 248 |
Release | : 2013-06-29 |
Genre | : Business & Economics |
ISBN | : 9783662222331 |
Download Nonlinear Dynamical Economics and Chaotic Motion Book in PDF, Epub and Kindle
The plan to publish the present book arose while I was preparing a joint work with Gunter Gabisch (Gabisch, G. /Lorenz, H. -W. : Business Cycle Theory. Berlin-Heidel berg-New York: Springer). It turned out that a lot of interesting material could only be sketched in a business cycle text, either because the relevance for business cycle theory was not evident or because the material required an interest in dynamical economics which laid beyond the scope of a survey text for advanced undergraduates. While much of the material enclosed in this book can be found in condensed and sometimes more or less identical form in that business cycle text, the present monograph attempts to present nonlinear dynamical economics in a broader context with economic examples from other fields than business cycle theory. It is a pleasure for me to acknowledge the critical comments, extremely detailed remarks, or suggestions by many friends and colleagues. The responses to earlier versions of the manuscript by W. A. Barnett, M. Boldrin, W. A. Brock, C. Chiarella, C. Dale, G. Feichtinger, P. Flaschel, D. K. Foley, R. M. Goodwin, D. Kelsey, M. Lines, A. Medio, L. Montrucchio, P. Read, C. Sayers, A. Schmutzler, H. Schnabl, G. Silverberg, H. -\'\!. Sinn, J. Sterman, and R. Tscherning not only encouraged me to publish the book in its present form but helped to remove numerous errors (not only typographic ones) and conceptnal misunderstandings and flaws. Particular thanks go to G.
Nonlinear Dynamics and Economics
Author | : William A. Barnett,Alan P. Kirman,Mark Salmon |
Publsiher | : Cambridge University Press |
Total Pages | : 426 |
Release | : 1996-10-28 |
Genre | : Business & Economics |
ISBN | : 0521471419 |
Download Nonlinear Dynamics and Economics Book in PDF, Epub and Kindle
This 1997 book presents developments in nonlinear economic dynamics along with related research from other fields, including mathematics, statistics, biology, and physics.