A Discrete Mathematical Model for Chaotic Dynamics in Economics : Kaldor's Model on Business Cycle

This paper, following Kaldor's approach, is written with the intention of interpreting fluctuations of economic systems (i.e trade cycles). In particular, a new discretized Kaldor model is proposed, which is also useful to explain what appears to be random and unpredictable, such as economic shocks. Moreover, by using numerical analysis, the chaoticity of the model is demonstrated

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Year of publication:	2017
Authors:	Orlando, Giuseppe
Publisher:	[2017]: [S.l.] : SSRN
Subject:	Konjunkturtheorie \| Business cycle theory \| Chaostheorie \| Chaos theory \| Mathematische Optimierung \| Mathematical programming \| Konjunktur \| Business cycle \| Mathematik \| Mathematics
Description of contents:	Abstract [papers.ssrn.com]