Complex Economic Dynamics

Complex Economic Dynamics
Author: Richard H. Day
Publisher:
Total Pages: 0
Release: 2000-02
Genre: Ekonomi, Matematiksel
ISBN: 9780262528603

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V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Complex Economic Dynamics: An introduction to macroeconomic dynamics

Complex Economic Dynamics: An introduction to macroeconomic dynamics
Author: Richard Hollis Day
Publisher: MIT Press
Total Pages: 436
Release: 1994
Genre: Business & Economics
ISBN: 9780262041720

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"The two volumes of Complex Economic Dynamics show that, far from being a passing trend in economic research, complex dynamics belongs at the heart of the subject. Although they can be read independently, the volumes follow a logical sequence. Volume 1 contained nontechnical introductions to the basics of economic change and to the mathematical and theoretical tools used to describe them. Volume 2, which is concerned with macroeconomic dynamics, looks at the economy as a whole. Topics include business cycles, economic growth, economic development, and dynamical economic science and policy. The book concludes with the author's reflections on the implications of complex dynamics for economic theory, quantitative research, and government policy."--Pub. desc.

Complex Economic Dynamics

Complex Economic Dynamics
Author: Richard H. Day
Publisher:
Total Pages: 0
Release: 2000-02
Genre: Ekonomi, Matematiksel
ISBN: 9780262528603

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V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Economic Dynamics, second edition

Economic Dynamics, second edition
Author: John Stachurski
Publisher: MIT Press
Total Pages: 395
Release: 2022-08-16
Genre: Business & Economics
ISBN: 0262544776

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The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.

Computational Methods in Economic Dynamics

Computational Methods in Economic Dynamics
Author: Herbert Dawid
Publisher: Springer Science & Business Media
Total Pages: 217
Release: 2011-03-23
Genre: Business & Economics
ISBN: 3642169430

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This volume is centered around the issue of market design and resulting market dynamics. The economic crisis of 2007-2009 has once again highlighted the importance of a proper design of market protocols and institutional details for economic dynamics and macroeconomics. Papers in this volume capture institutional details of particular markets, behavioral details of agents' decision making as well as spillovers between markets and effects to the macroeconomy. Computational methods are used to replicate and understand market dynamics emerging from interaction of heterogeneous agents, and to develop models that have predictive power for complex market dynamics. Finally treatments of overlapping generations models and differential games with heterogeneous actors are provided.

Complex economic dynamics

Complex economic dynamics
Author: Richard H. Day
Publisher:
Total Pages: 400
Release: 1999
Genre: Economics, Mathematical
ISBN:

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Complex and Chaotic Nonlinear Dynamics

Complex and Chaotic Nonlinear Dynamics
Author: Thierry Vialar
Publisher: Springer Science & Business Media
Total Pages: 752
Release: 2009-04-26
Genre: Business & Economics
ISBN: 3540859780

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Complex dynamics constitute a growing and increasingly important area as they offer a strong potential to explain and formalize natural, physical, financial and economic phenomena. This book pursues the ambitious goal to bring together an extensive body of knowledge regarding complex dynamics from various academic disciplines. Beyond its focus on economics and finance, including for instance the evolution of macroeconomic growth models towards nonlinear structures as well as signal processing applications to stock markets, fundamental parts of the book are devoted to the use of nonlinear dynamics in mathematics, statistics, signal theory and processing. Numerous examples and applications, almost 700 illustrations and numerical simulations based on the use of Matlab make the book an essential reference for researchers and students from many different disciplines who are interested in the nonlinear field. An appendix recapitulates the basic mathematical concepts required to use the book.

Structural Economic Dynamics

Structural Economic Dynamics
Author: Luigi Pasinetti
Publisher: Cambridge University Press
Total Pages: 212
Release: 2006-11-02
Genre: Business & Economics
ISBN: 9780521029766

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This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

Complex Systems Approach to Economic Dynamics

Complex Systems Approach to Economic Dynamics
Author: Abraham C.-L. Chian
Publisher: Springer Science & Business Media
Total Pages: 109
Release: 2007-08-17
Genre: Business & Economics
ISBN: 3540397531

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Statistical analysis of stock markets and foreign exchange markets has demonstrated the intermittent nature of economic time series. A nonlinear model of business cycles is able to simulate intermittency arising from order-chaos and chaos-chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles, which are unstable structures embedded in a chaotic attractor and responsible for economic intermittency.

Nonlinearities in Economics

Nonlinearities in Economics
Author: Giuseppe Orlando
Publisher: Springer Nature
Total Pages: 361
Release: 2021-08-31
Genre: Business & Economics
ISBN: 3030709825

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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.