Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/22807
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Type: Journal article
Title: An example of intermittency in nonlinear economic cycles
Author: Chian, A.
Rempel, E.
Borotto, F.
Rogers, C.
Citation: Applied Economics Letters, 2006; 13(4):257-263
Publisher: Routledge Taylor & Francis Ltd
Issue Date: 2006
ISSN: 1350-4851
1466-4291
Abstract: 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.
RMID: 0020060384
DOI: 10.1080/13504850500394335
Appears in Collections:Economics publications

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