Showing 1 - 8 of 8
Complex systems are characterized by deterministic laws (which often may be hidden) and randomness. A tool to analyse those systems is recurrence quantification analysis (RQA). RQA does not rely on any sort of assumption of stationarity and is not sensitive to singularities and transitions. It...
Persistent link: https://www.econbiz.de/10012648038
In this chapter, we outline the reasons why economics has been concerned with non-linear dynamics, with a particular focus on business cycles and on economic growth. Using varying perspectives, we discuss the salient historical mathematical approaches to the problem and the results that were...
Persistent link: https://www.econbiz.de/10012648040
R.G. Goodwin mentioned that "economists will be led, as natural scientists have been led, to seek in nonlinearities an explanation of the maintenance of oscillation" (Goodwin, Econometrica 19(1), 1951); following this reasoning, we studied business cycles as if they were generated by nonlinear...
Persistent link: https://www.econbiz.de/10012648046
This chapter is dedicated to describe RQA applications in detecting spatio-temporal recurrent patterns of dynamical regimes of economic time series. Here we investigate the nature of economic dynamics and specifically of business cycles Orlando and Zimatore (Chaos, Solitons Fractals 110:82–94,...
Persistent link: https://www.econbiz.de/10012648047
After having illustrated in Chap. 13 the Harrod’s model and a chaotic specification of it, in this Chapter we are going to prove that (1) real data could be obtained by a suitable calibration of model’s parameters, (2) the calibrated model confirms theoretical predictions (Orlando and Della...
Persistent link: https://www.econbiz.de/10012648049
Persistent link: https://www.econbiz.de/10011553925
This paper analyses the relationship between household cost of living and wages in the Brazilian metropolitan regions … and Azzoni, 2013), we tested if the elasticity between wages and living cost is unitary. In other words, if workers who … live in the most expensive regions receive a full compensation through wages for living costs differences. We used micro …
Persistent link: https://www.econbiz.de/10011504384
This paper aim at examining the dispersion of intra and inter-regional of principal labor earnings of the Metropolitan Regions (MR) and Non-Metropolitan Regions (NMR) of the States of Bahia, Ceará, Minas Gerais, Pará, Paraná, Pernambuco, Rio de Janeiro, Rio Grande do Sul and São Paulo,...
Persistent link: https://www.econbiz.de/10012655105