THE ROLE OF DYNAMICAL SYSTEMS THEORY IN ECONOMICS
THE ROLE OF DYNAMICAL SYSTEMS THEORY IN ECONOMICS
Author(s): Dumitru BălăSubject(s): Economy
Published by: Addleton Academic Publishers
Keywords: dynamical; system; economic; Lyapunov; complexity; nonlinear
Summary/Abstract: In this paper, I am particularly interested in exploring the application of random dynamical systems theory in stochastic economic growth, computational and dynamic conceptualizations of complexity in economics, and necessary mathematical tools for stability analysis and control design of nonlinear dynamical systems. Schenk-Hoppé surveys recent progress in the application of random dynamical systems theory in stochastic economic growth. Caillault and Guégan consider a non parametric approach using the copula method, calculating the bivariate distribution function of the portfolio in a dynamic way. Haddad and Chellaboina develop generalized Lyapunov and invariant set theorems for nonlinear dynamical systems.
Journal: Economics, Management, and Financial Markets
- Issue Year: 5/2010
- Issue No: 3
- Page Range: 251-256
- Page Count: 6
- Language: English
- Content File-PDF
