Arbeitspapier
Growth Cycles in a Discrete, Nonlinear Model
This paper develops a discrete, nonlinear growth cycle model for a macroeconomy. The nonlinearities, which correspond to empirical relationships between profitability and capacity utilization in the postwar U.S. economy, can produce stable, periodic and chaotic behavior. These behaviors are established analytically, and further investigated through simulation. Data from the simulations are used to show that chaotic attractors can produce time series which are useful representations of business cycles.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 30
- Classification
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Wirtschaft
- Event
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Geistige Schöpfung
- (who)
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Jarsulic, Marc
- Event
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Veröffentlichung
- (who)
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Levy Economics Institute of Bard College
- (where)
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Annandale-on-Hudson, NY
- (when)
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1989
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Jarsulic, Marc
- Levy Economics Institute of Bard College
Time of origin
- 1989
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