Abstract
In this chapter, a numerical study is performed on a forced-oscillator model of nonlinear business cycles. In particular, an attractor merging crisis due to a global bifurcation is analyzed using the unstable periodic orbits and their associated stable and unstable manifolds. Characterization of crisis can improve our ability to forecast sudden major changes in economic systems.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 2007 Springer-Verlag Berlin Heidelberg
About this chapter
Cite this chapter
(2007). Attractor Merging Crisis in Nonlinear Economic Cycles. In: Complex Systems Approach to Economic Dynamics. Lecture Notes in Economics and Mathematical Systems, vol 592. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-39753-3_5
Download citation
DOI: https://doi.org/10.1007/978-3-540-39753-3_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-39752-6
Online ISBN: 978-3-540-39753-3
eBook Packages: Business and EconomicsEconomics and Finance (R0)