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Title: Chaotic behavior in an economic model
Authors: Grácio, Clara
Januario, Cristina
Ramos, José Sousa
Keywords: econofísica
Issue Date: 2006
Citation: Chaotic behavior in an economic model, com Cristina Januário e J. Sousa Ramos, Proceedings of the Workshop Perspectives on Econophysics, pgs. 99-109, 2006.
Abstract: The purpose of this work is to study a discrete-time nonlinear business cycle model of the Kaldor-type. The model is an extended Kaldor model and it is described by a two-dimensional dynamical system with income and capital as variables. We check the orbits of the system, their changes related to changes of the system parameters and their basins of attraction in order to understand the dynamic features of the model.
Type: article
Appears in Collections:MAT - Artigos em Livros de Actas/Proceedings

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