An example of intermittency in nonlinear economic cycles

被引：6

作者：

Chian, ACL

Rempel, EL

Borotto, FA

Rogers, C

机构：

[1] Natl Inst Space Res, INPE, BR-12227010 Sao Jose Dos Campos, SP, Brazil

[2] World Inst Space Environm Res, WISER, BR-12227010 Sao Jose Dos Campos, SP, Brazil

[3] Univ Adelaide, Sch Econ, Adelaide, SA 5005, Australia

[4] Inst Aeronaut Technol, BR-12228900 Sao Jose Dos Campos, SP, Brazil

[5] Univ Concepcion, Dept Phys, Concepcion, Chile

来源：

APPLIED ECONOMICS LETTERS | 2006年 / 13卷 / 04期

关键词：

D O I：

10.1080/13504850500394335

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Intermittent behaviour of economic dynamics is studied by a nonlinear model of business cycles. Numerical simulations show that after an economic system evolves from order to chaos, the system keeps its memory before the transition and its time series alternates episodically between periods of low-level (quiescent) and high-level (bursting) activities. This model of economic intermittency exhibits power-law spectrum similar to the nonlinear time series observed in financial markets.

引用

页码：257 / 263

页数：7

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