Crude Oil Prices and the Chaotic Growth Model
Crude Oil Prices and the Chaotic Growth Model
Author(s): Vesna Jablanović
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Crude Oil; Prices; Chaos; Elliot Waves
Summary/Abstract: The basic aims of this paper are: firstly, to create the simple chaotic crude oil prices growth model that is capable of generating stable equilibrium, cycles, or chaos; secondly, to discover a sequence of Elliot waves in crude oil prices movements in the period 1998-2015; and thirdly, to analyze the local stability of crude oil prices in the period 1998-2015. This paper confirms the existence of the convergent fluctuations of crude oil prices in the observed period.
- Page Range: 33-38
- Page Count: 6
- Publication Year: 2022
- Language: English
- Content File-PDF