On the Use of the Renormalization Procedure to Estimate the Bifurcation Parameters in Nonlinear Dynamic Models

The renormalization procedure facilitates the detection of periodic and chaotic patterns of many two-dimensional systems of nonlinear equations. We first give a comprehensive presentation of this procedure. We then generalize it to make it more applicable to economic frameworks. Copyright Springer Science+Business Media New York 2013

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Year of publication:	2013
Authors:	Briec, Walter ; Lasselle, Laurence
Published in:	Computational Economics. - Society for Computational Economics - SCE, ISSN 0927-7099. - Vol. 41.2013, 4, p. 557-574
Publisher:	Society for Computational Economics - SCE
Subject:	Period-doubling bifurcation \| Two-dimensional map

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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