Non Linearities In Economics

Author : Giuseppe Orlando,Alexander N. Pisarchik,Ruedi Stoop
Publisher : Springer Nature
Page : 361 pages
File Size : 54,6 Mb
Release : 2021-08-31
Category : Business & Economics
ISBN : 9783030709822

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Nonlinearities in Economics by Giuseppe Orlando,Alexander N. Pisarchik,Ruedi Stoop Pdf

This interdisciplinary book argues that the economy has an underlying non-linear structure and that business cycles are endogenous, which allows a greater explanatory power with respect to the traditional assumption that dynamics are stochastic and shocks are exogenous. The first part of this work is formal-methodological and provides the mathematical background needed for the remainder, while the second part presents the view that signal processing involves construction and deconstruction of information and that the efficacy of this process can be measured. The third part focuses on economics and provides the related background and literature on economic dynamics and the fourth part is devoted to new perspectives in understanding nonlinearities in economic dynamics: growth and cycles. By pursuing this approach, the book seeks to (1) determine whether, and if so where, common features exist, (2) discover some hidden features of economic dynamics, and (3) highlight specific indicators of structural changes in time series. Accordingly, it is a must read for everyone interested in a better understanding of economic dynamics, business cycles, econometrics and complex systems, as well as non-linear dynamics and chaos theory.

Author : Giuseppe Orlando,Alexander N. Pisarchik,Ruedi Stoop
Publisher : Unknown
Page : 0 pages
File Size : 46,7 Mb
Release : 2021
Category : Electronic
ISBN : 3030709833

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Nonlinearities in Economics by Giuseppe Orlando,Alexander N. Pisarchik,Ruedi Stoop Pdf

This interdisciplinary book argues that the economy has an underlying non-linear structure and that business cycles are endogenous, which allows a greater explanatory power with respect to the traditional assumption that dynamics are stochastic and shocks are exogenous. The first part of this work is formal-methodological and provides the mathematical background needed for the remainder, while the second part presents the view that signal processing involves construction and deconstruction of information and that the efficacy of this process can be measured. The third part focuses on economics and provides the related background and literature on economic dynamics and the fourth part is devoted to new perspectives in understanding nonlinearities in economic dynamics: growth and cycles. By pursuing this approach, the book seeks to (1) determine whether, and if so where, common features exist, (2) discover some hidden features of economic dynamics, and (3) highlight specific indicators of structural changes in time series. Accordingly, it is a must read for everyone interested in a better understanding of economic dynamics, business cycles, econometrics and complex systems, as well as non-linear dynamics and chaos theory. " This highly-valuable book is a great entry-point for understanding the economy as a self-organizing non-linear dynamical system. This book not only introduces the reader to advanced techniques but also applies them to modern economic growth and business cycle models." Markus Brunnermeier, Edwards S. Sanford Professor of Economics, Director of the Bendheim Center for Finance, Princeton University, USA.

Author : Frauke Schleer-van Gellecom
Publisher : Springer Science & Business Media
Page : 268 pages
File Size : 55,8 Mb
Release : 2013-12-11
Category : Business & Economics
ISBN : 9783642420399

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Advances in Non-linear Economic Modeling by Frauke Schleer-van Gellecom Pdf

In recent years nonlinearities have gained increasing importance in economic and econometric research, particularly after the financial crisis and the economic downturn after 2007. This book contains theoretical, computational and empirical papers that incorporate nonlinearities in econometric models and apply them to real economic problems. It intends to serve as an inspiration for researchers to take potential nonlinearities in account. Researchers should be aware of applying linear model-types spuriously to problems which include non-linear features. It is indispensable to use the correct model type in order to avoid biased recommendations for economic policy.

Author : Mr.Markus Eberhardt,Andrea Presbitero
Publisher : International Monetary Fund
Page : 55 pages
File Size : 45,7 Mb
Release : 2013-12-17
Category : Business & Economics
ISBN : 9781484309285

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This Time They Are Different by Mr.Markus Eberhardt,Andrea Presbitero Pdf

We study the long-run relationship between public debt and growth in a large panel of countries. Our analysis takes particular note of theoretical arguments and data considerations in modeling the debt-growth relationship as heterogeneous across countries. We investigate the issue of nonlinearities (debt thresholds) in both the cross-country and within-country dimensions, employing novel methods and diagnostics from the time-series literature adapted for use in the panel. We find some support for a nonlinear relationship between debt and long-run growth across countries, but no evidence for common debt thresholds within countries over time.

Author : Mehmet Terzioğlu,Gordana Djurovic,Martin Bojaj
Publisher : BoD – Books on Demand
Page : 339 pages
File Size : 47,9 Mb
Release : 2021-03-17
Category : Business & Economics
ISBN : 9781839624865

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Linear and Non-Linear Financial Econometrics by Mehmet Terzioğlu,Gordana Djurovic,Martin Bojaj Pdf

The importance of experimental economics and econometric methods increases with each passing day as data quality and software performance develops. New econometric models are developed by diverging from earlier cliché econometric models with the emergence of specialized fields of study. This book, which is expected to be an extensive and useful reference by bringing together some of the latest developments in the field of econometrics, also contains quantitative examples and problem sets. We thank all the authors who contributed to this book with their studies that provide extensive and accessible explanations of the existing econometric methods.

Author : Philip Rothman
Publisher : Springer Science & Business Media
Page : 394 pages
File Size : 50,8 Mb
Release : 1999-01-31
Category : Business & Economics
ISBN : 9780792383796

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Nonlinear Time Series Analysis of Economic and Financial Data by Philip Rothman Pdf

Nonlinear Time Series Analysis of Economic and Financial Data provides an examination of the flourishing interest that has developed in this area over the past decade. The constant theme throughout this work is that standard linear time series tools leave unexamined and unexploited economically significant features in frequently used data sets. The book comprises original contributions written by specialists in the field, and offers a combination of both applied and methodological papers. It will be useful to both seasoned veterans of nonlinear time series analysis and those searching for an informative panoramic look at front-line developments in the area.

Author : Bruce D. Craven,Sardar M. N. Islam
Publisher : Springer Science & Business Media
Page : 174 pages
File Size : 41,8 Mb
Release : 2005-10-24
Category : Business & Economics
ISBN : 9780387242804

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Optimization in Economics and Finance by Bruce D. Craven,Sardar M. N. Islam Pdf

Some recent developments in the mathematics of optimization, including the concepts of invexity and quasimax, have not yet been applied to models of economic growth, and to finance and investment. Their applications to these areas are shown in this book.

Author : Albert Tavidze
Publisher : Nova Publishers
Page : 216 pages
File Size : 41,7 Mb
Release : 2006
Category : Business & Economics
ISBN : 1594540500

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Progress in Economics Research by Albert Tavidze Pdf

This series spans the globe presenting leading research in economics. It is perhaps a sign of the times that economic weapons such as sanctions seem to be as powerful as or more so than tanks. International applications and examples of economic progress are invaluable in a troubled world with economic booms bursting like so many penny balloons. Globalisation, outstanding and jobless recoveries present economic issues of concern to millions. Business Cycles?; Economic Growth and International Trade in The Mediterranean Area: An Empirical Analysis; An Empirical (Pooled) Analysis of Latin America's Poor: Investment Performance During the 1980-1999 Period; Does Audit Quality Influence Post-IPO Survival?; A Relationship Quality/Stakeholder Perspective of Corporate Performance; Monetary Policy Impacts on US Livestock-Oriented Agricultural Prices; Negative Externality, Tacit Bargaining and Cigarette Demand: The Case of Environmental Tobacco Smoke in Japan; Capital Flows, Information Sharing and Optimal Capital Taxation; PPP Relationship and Real Exchange Rates revised: The Non-Linear Case; Quasitransitive Rational Choice; Index.

Author : Bärbel Finkenstädt
Publisher : Springer Science & Business Media
Page : 167 pages
File Size : 49,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642468216

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Nonlinear Dynamics in Economics by Bärbel Finkenstädt Pdf

1. 1 Introduction In economics, one often observes time series that exhibit different patterns of qualitative behavior, both regular and irregular, symmetric and asymmetric. There exist two different perspectives to explain this kind of behavior within the framework of a dynamical model. The traditional belief is that the time evolution of the series can be explained by a linear dynamic model that is exogenously disturbed by a stochastic process. In that case, the observed irregular behavior is explained by the influence of external random shocks which do not necessarily have an economic reason. A more recent theory has evolved in economics that attributes the patterns of change in economic time series to an underlying nonlinear structure, which means that fluctua tions can as well be caused endogenously by the influence of market forces, preference relations, or technological progress. One of the main reasons why nonlinear dynamic models are so interesting to economists is that they are able to produce a great variety of possible dynamic outcomes - from regular predictable behavior to the most complex irregular behavior - rich enough to meet the economists' objectives of modeling. The traditional linear models can only capture a limited number of possi ble dynamic phenomena, which are basically convergence to an equilibrium point, steady oscillations, and unbounded divergence. In any case, for a lin ear system one can write down exactly the solutions to a set of differential or difference equations and classify them.

Author : Philip Hans Franses,Dick van Dijk
Publisher : Cambridge University Press
Page : 299 pages
File Size : 44,6 Mb
Release : 2000-07-27
Category : Business & Economics
ISBN : 9780521770415

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Non-Linear Time Series Models in Empirical Finance by Philip Hans Franses,Dick van Dijk Pdf

This 2000 volume reviews non-linear time series models, and their applications to financial markets.

Author : Ionut Purica
Publisher : World Scientific
Page : 177 pages
File Size : 45,8 Mb
Release : 2010
Category : Business & Economics
ISBN : 9781848164284

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Nonlinear Models for Economic Decision Processes by Ionut Purica Pdf

Using models, developed in one branch of science, to describe similar behaviors encountered in a different one, is the essence of a synergetic approach. A wide range of topics has been developed including Agent-based models, econophysics, socio-economic networks, information, bounded rationality and learning in economics, markets as complex adaptive systems evolutionary economics, multiscale analysis and modeling, nonlinear dynamics and econometrics, physics of risk, statistical and probabilistic methods in economics and finance. Complexity. This publication concentrates on process behavior of economic systems and building models that stem from Haken's, Prigogine's, Taylor's work as well as from nuclear physics models.

Author : Vinodh Madhaven
Publisher : Unknown
Page : 128 pages
File Size : 49,7 Mb
Release : 2018-02-28
Category : Electronic
ISBN : 1947441507

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Strange and Ubiquitous Non-Linearities in Economics and Finance by Vinodh Madhaven Pdf

Author : Marji Lines
Publisher : Springer
Page : 231 pages
File Size : 42,7 Mb
Release : 2005-08-03
Category : Business & Economics
ISBN : 321126177X

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Nonlinear Dynamical Systems in Economics by Marji Lines Pdf

Many problems in theoretical economics are mathematically formalized as dynam ical systems of difference and differential equations. In recent years a truly open approach to studying the dynamical behavior of these models has begun to make its way into the mainstream. That is, economists formulate their hypotheses and study the dynamics of the resulting models rather than formulating the dynamics and studying hypotheses that could lead to models with such dynamics. This is a great progress over using linear models, or using nonlinear models with a linear approach, or even squeezing economic models into well-studied nonlinear systems from other fields. There are today a number of economic journals open to publishing this type of work and some of these have become important. There are several societies which have annual meetings on the subject and participation at these has been growing at a good rate. And of course there are methods and techniques avail able to a more general audience, as well as a greater availability of software for numerical and graphical analysis that makes this type of research even more excit ing. The lecturers for the Advanced School on Nonlinear Dynamical Systems in Economics, who represent a wide selection of the research areas to which the the ory has been applied, agree on the importance of simulations and computer-based analysis. The School emphasized computer applications of models and methods, and all contributors ran computer lab sessions.

Author : David Parker,Ralph D. Stacey
Publisher : Hobart Papers (Paperback)
Page : 116 pages
File Size : 44,6 Mb
Release : 1994
Category : Business & Economics
ISBN : UCSC:32106011652788

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Chaos, Management and Economics by David Parker,Ralph D. Stacey Pdf

First published in 1994, this title was the best-selling IEA publication of the 1990s. It applies the ideas of 'chaos theory', more usually found in the natural sciences, to economic and social systems, with some profound implications for the management of business and the economy. The authors suggest that a chaotic world is more complex than can be captured by the linear equations generally used by economic modellers and the assumptions of neo-classical economics, and in some ways bears a striking resemblance to the views taken by the Austrian School. This title provides a concise and straightforward introduction to the application of Chaos Theory to the social sciences, which as its authors say, 'provides a new and exciting departure point for the study of organisations and economies'.

Author : Kazuo Nishimura,Alain Venditti,Nicholas C. Yannelis
Publisher : Springer
Page : 409 pages
File Size : 44,8 Mb
Release : 2016-12-03
Category : Business & Economics
ISBN : 9783319440767

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Sunspots and Non-Linear Dynamics by Kazuo Nishimura,Alain Venditti,Nicholas C. Yannelis Pdf

This book presents the state-of-the-art in non-linear dynamics and sunspots. These two topics have been the core of an international conference on instability and public policies in a globalized world, organized at Aix-Marseille School of Economics and GREQAM in honor of Jean-Michel Grandmont. He has made significant contributions on general equilibrium theory, monetary theory, learning, aggregation, non-linear dynamics and sunspots. This book assembles contributions by Jean-Michel Grandmont's colleagues, students and friends that have been influenced by his works and that are at the frontier of research in this domain today.