Titlebook: Complex Systems Approach to Economic Dynamics; A. Chian Book 2007 Springer-Verlag Berlin Heidelberg 2007 Business Cycles.Chaos.Economic Dy

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https://doi.org/10.1007/978-3-663-05466-5ency. Chapter 5 analyzed an attractor merging crisis in chaotic business cycles which leads to a transition from weak chaos to strong chaos; the strong chaos exhibits a dynamical behavior known as crisis-induced intermittency, as seen in chapter 4.

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Introduction,tations of chaos intrinsic in a complex system. Hence, a non-Newtonian approach based on nonlinear dynamics is required to understand the nature of complex economic dynamics. .In recent years, there is a growing interest in applying nonlinear dynamics to economic modeling. For example, Chiarella (19

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Conclusion,nomic system is composed of a hierarchy of stable and unstable structures, namely, stable and unstable manifolds of a fixed point in the state space and in the Poincaré section, stable and unstable periodic orbits, stable and unstable manifolds of a chaotic saddle, stable (periodic) and unstable (ch

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0075-8442 chaos transitions. This monograph introduces new concepts of unstable periodic orbits and chaotic saddles which are unstable structures embedded in a chaotic attractor, responsible for economic intermittency.978-3-540-39752-6978-3-540-39753-3Series ISSN 0075-8442 Series E-ISSN 2196-9957

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https://doi.org/10.1007/978-3-540-39753-3Business Cycles; Chaos; Economic Dynamics; Nonlinear Dynamics; Pattern Recognition; Statistical Analysis;

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978-3-540-39752-6Springer-Verlag Berlin Heidelberg 2007

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Stand der Enzymchemie und ihre Bedeutung,hange rates, gross domestic product, interest rates, production, stock market prices and unemployment (Hommes 2004). Traditionally, economists have studied economic dynamics using the Newtonian approach by treating the economic fluctuations as linear perturbations near the equilibrium (Scarth 1996,

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