Nonlinear Dynamics

, Volume 70, Issue 4, pp 2313–2326

Complexity analysis research of financial and economic system under the condition of three parameters’ change circumstances

Authors

    • College of Management and EconomicsTianjin University
    • Tianjin University of Finance and Economics
  • Hamza I. Bangura
    • College of Management and EconomicsTianjin University
Original Paper

DOI: 10.1007/s11071-012-0336-z

Cite this article as:
Ma, J. & Bangura, H.I. Nonlinear Dyn (2012) 70: 2313. doi:10.1007/s11071-012-0336-z

Abstract

This paper studies the characteristics of a series of complex systems, which are in combination of interest rate, investment, and price index parameters meeting the condition cbabc≥0, including stable node, saddle points, bifurcation, Hopf bifurcation, and chaos, and the corresponding mathematical expressions of Lyapunov index are given. Based on this, we perform complexity analysis of the system and study the change circumstances of Lyapunov index when one or two parameters synchronously change. Numerical simulation results verify the theoretical analysis and conclusion. The results of this economic and financial system provide reference to practical problems, and have a positive effect on the actual application of the system of this type.

Keywords

Nonlinear economic systemSaddle pointHopf bifurcationLyapunov exponent impressionComplex dynamics

Copyright information

© Springer Science+Business Media B.V. 2012