Nonlinear effects in economic dynamic models

Nonlinear effects in economic dynamic models

We present a summary of nonlinear effects which are observed in the models of economic dynamics based on systems of ordinary differential equations. Effects observed in real economy are discussed; analogies to effects in nonlinear models of economic dynamics are drawn. As the primary direction defin...

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Veröffentlicht in:Nonlinear analysis 2009-12, Vol.71 (12), p.e2366-e2371
1. Verfasser: Petrov, Lev F.
Format: Artikel
Sprache:eng
Schlagworte:
Analogies
Differential equations
Dynamic models
Dynamical systems
Economic dynamic models
Economics
Inertia of economic and finance systems
Nonlinear dynamics
Nonlinear effects
Nonlinearity
Quantitative analysis
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Beschreibung
Zusammenfassung:We present a summary of nonlinear effects which are observed in the models of economic dynamics based on systems of ordinary differential equations. Effects observed in real economy are discussed; analogies to effects in nonlinear models of economic dynamics are drawn. As the primary direction definition of interdependence in models for realization not only qualitative, but also quantitative analysis is allocated.
ISSN:0362-546X
1873-5215
DOI:10.1016/j.na.2009.05.066