کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7243456 1471657 2014 30 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Chaos in economic models with exogenous shocks
ترجمه فارسی عنوان
هرج و مرج در مدل های اقتصادی با شوک های خارجی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We investigate the generation of chaos in economic models through exogenous shocks. The perturbation is formulated as a pulse function where either values or instants of discontinuity are chaotically behaved. We provide a rigorous proof of the existence of chaos in the perturbed model. The analytical results are applied to Kaldor-Kalecki-type models of the aggregate economy subject to export and rainfall shocks, respectively. Simulations are used to demonstrate the emergence and the control of chaos. Our results shed light on a novel source of chaos in economic models and have important implications for policy-making.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 106, October 2014, Pages 95-108
نویسندگان
, , ,