Emulating complex business cycles by using an electronic analogue

Long run growth of the US national economic system, for example, reveals a strong oscillatory behavior due to complex interactions of aggregates. However, modelizations of such dynamics often assume that instability is the outcome of linear and additive cycles determined by exogenous shocks. In this work, a modelization of endogenous nonlinear and inseparable cycles is retained to explain the highly complex business cycle phenomenon. Bouali’s system is built to this scope. Its numerical simulations exhibit a rich repertoire of nonlinear dynamical phenomena, but this paper introduces its electronic implementation. The robust plug and play chaotic circuit is designed to be easily realized using standard components in a rigorous, fast and inexpensive way. We find that experimental results display periodicity, bifurcations and chaos that match with high accuracy the corresponding theoretical values.