The Complexity of Economic Systems. Nonlinear Dynamic Models
The Complexity of Economic Systems. Nonlinear Dynamic Models

Author(s): Laura Ungureanu
Subject(s): Economy
Published by: ASERS Publishing
Keywords: complexity; nonlinear theory; economic evolution; equilibrium; economical dynamics; decision modeling; nonlinear dynamics
Summary/Abstract: We are witnessing now the beginning of a process of synthesis among the developmental economic theories and the new theory of complexity.Mathematics, the science of spatial forms and quantitative relations, is considered to be the basis of all other sciences. In the analyses dynamics macroeconomic area we can observe a big variety of methods and techniques for research that fluctuates from economy and financial date. Because a lot of economical models were elaborated in the last years, in this chapter we propose to present some nonlinear techniques which can be used in the economic analyses. For example, a complex way to evidence the economic cycles is to determine limits cycles for the dynamical system which model the economic phenomenon.

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